JPMorgan Chase legally avoided paying taxes by moving profits to 83 offshore tax havens.
See this concise exposé of private-equity funds in the New Yorker: Private Inequity. As a result, private-equity firms are increasingly able to profit even if the companies they run go under—an outcome made much likelier by all the extra borrowing—and many companies have been getting picked clean. … The real reason that we should be […]
Much of the political activism in Seattle now is centered on the establishing a $15 minimum wage. Activists associated with Socialist city council member Kshama Savant are making a big push for a $15 minimum wage. MoveOn Seattle chose to concentrate its activism on the issue at their December meeting. There’s a rally today (Sunday, […]