The private equity firm founded by Republican presidential candidate Mitt Romney made use of arcane techniques in several of its Cayman Islands-based funds to avoid U.S. taxes, according to a trove of Bain Capital’s private audit and finance records made public on the website Gawker today.
In rejecting Medicaid expansion to serve the uninsured in the poorest, unhealthiest state, Mississippi Governor Phil Bryant piously urged eating better and exercising more (in a stranger-than-fiction twist, he then signed a law, pushed by a barbecue chain owner selling sandwiches called “L’il Piggies,” preventing restaurant calorie disclosure). Bryant has not objected, though, to the […]
The collapse of the world financial system is still in full swing. Good information is thin on the ground because those most culpable are doing their best to hide the full implications of their crimes. No one really knows how many trillions of worthless derivatives were created. New crisis arise almost daily like mushrooms after […]
The issue of regressive taxes is in the news recently and is being raised by both supporters and opponents of Proposition 1. The Seattle Times, in their April 5 editorial against Proposition 1 mentioned regressive taxes twice. The editorial begins: “VOTERS should weigh the regressive tax request embedded in King County Proposition 1 against history.” […]