WAIT! THESE CORPORATIONS ARE MAKING MASSIVE PROFITS, HOW MUCH IS ENOUGH AND WHERE IS THEIR CORPORATE SOCIAL RESPONSIBILITY?
Harvard Business Review, August 29, 2014
▶ WHATEVER HAPPENED TO CORPORATE STEWARDSHIP?
When corporations dodge taxes, it's an ethical issue.
Rolling Stone, August 27, 2014
THE BIGGEST TAX SCAM EVER
The world's richest corporations are getting away with fleecing hundreds of billions of tax dollars from the rest of us.
Some of America's top corporations are parking profits overseas and ducking hundreds of billions in taxes. And how's Congress responding? It's rewarding them for ripping us off. Over the next decade, corporate inversions could cost the U.S. Treasury nearly $20 billion – revenues that could otherwise pay for Head Start programs, to rebuild roads and bridges, or just bring down the deficit. The wave of inversions is threatening "to hollow out the U.S. corporate income tax base," Lew warned in a July letter to the chief tax writers in the House and Senate. But inversions are just the tip of the iceberg. The crisis of corporate tax avoidance is far more pervasive – and destructive – than either Obama or Lew is letting on. At a moment when Congress appears impossibly divided, a strong, bipartisan consensus has, in fact, emerged in Washington:
Common Dreams, August 27, 2014
BURGER KING 'INVERSION' ALLOW IT TO PROFIT OFF PUBLIC, DODGE TAXES, SAY CRITICS http://www.commondreams.org/news/2014/08/27/burger-king-inversion-allows-it-profit-public-dodge-taxes-say-critics
Reuters, February 25, 2014
▶ MANY BIG U.S. CORPORATIONS PAY VERY LITTLE OR NO TAXES : REPORT http://www.reuters.com/article/2014/02/26/us-usa-tax-corporate-idUSBREA1P04Q20140226
USA Today, August 31, 2014
AVOID TAXES? 10 THINGS TO KNOW ABOUT CORPORATE INVERSIONS http://www.usatoday.com/story/money/business/2014/08/31/corporate-tax-inversions/14686959/
Bloomberg, August 29, 2014
HEDGE FUNDS HUNT FOR CLUES TO TREASURY TAX-INVERSION LIMIT. The biggest group of hedge funds affected by the corporate-inversion debate employ a so-called merger arbitrage strategy, making bets on whether a deal will go through. That usually entails buying the shares of one of the companies while selling the other’s short http://www.bloomberg.com/news/2014-08-29/hedge-funds-hunting-clues-in-treasury-tax-inversion-limit.html?alcmpid=markets
Campaign For America's Future, April 28, 2014
-▶ MAKING CORPORATE TAX BREAKS PERMANENT HOW CONGRESS RIGS THE RULES http://ourfuture.org/20140428/corporate-tax-breaks-how-congress-rigs-the-rules
International Consortium of Investigative Journalists
-▶ SECRECY FOR SALE: INSIDE THE GLOBAL OFFSHORE MONEY MAZE http://www.icij.org/offshore
Center for Economic & Policy Research, May 15, 2013
-▶ CUTTING SOCIAL SECURITY AND NOT TAXING WALL STREET http://www.cepr.net/index.php/op-eds-&-columns/op-eds-&-columns/cutting-social-security-and-not-taxing-wall-street
August 6, 2013 Truthout
-▶ THE DETROIT BAIL-IN TEMPLATE: FLEECING PENSIONERS TO SAVE THE BANKS http://www.truth-out.org/news/item/17996-the-detroit-bail-in-template-fleecing-pensioners-to-save-the-banks
-▶ WHO'S IN CONTROL - NATION STATES OR GLOBAL CORPORATIONS? DOES YOUR DEMOCRATIC VOTE EVEN COUNT? http://sco.lt/5Vb2dl
EcoNexus, June 2012
▶ WHERE'S THE DEBATE ABOUT CORPORATE POWER RUN AMOK A response to the proposal for a Convention on Corporate Sustainability Reporting http://www.econexus.info/publication/rio20-wheres-debate-about-corporate-power
AATTP, March 26, 2014
-▶ THINK YOU HAVE CHOICES? THINK AGAIN: THESE CORPORATIONS CONTROL THE WORLD http://aattp.org/think-you-have-choices-think-again-these-corporations-control-the-world/
Guardian April 08, 2014, George Monbiot
-▶ HOW HAVE THESE CORPORATIONS COLONIZED OUR PUBLIC LIFE? Power is shifting: to places in which we have no voice or vote. Domestic policies are forged by special advisers and spin doctors, by panels and advisory committees stuffed with lobbyists http://www.theguardian.com/commentisfree/2014/apr/08/corporations-public-life-unilever
HOW FINANCIAL DEREGULATION IS DESTROYING THE WORLD
Rolling Stone, Matt Tabbi, February 12, 2014
How Mega Banks, Corporations Drove A Mack Truck Thru A Loophole to Dominate and Control Global Politics, Industry and Society.
Banks are no longer just financing heavy industry. They are actually buying it up and inventing bigger, bolder and scarier scams than ever.
Today, banks like Morgan Stanley, JPMorgan Chase and Goldman Sachs own oil tankers, run airports and control huge quantities of coal, natural gas, heating oil, electric power and precious metals. They likewise can now be found exerting direct control over the supply of a whole galaxy of raw materials crucial to world industry and to society in general, including everything from food products to metals like zinc, copper, tin, nickel and, most infamously thanks to a recent high-profile scandal, aluminum. And they're doing it not just here but abroad as well: In Denmark, thousands took to the streets in protest in recent weeks, vampire-squid banners in hand, when news came out that Goldman Sachs was about to buy a 19 percent stake in Dong Energy, a national electric provider. The furor inspired mass resignations of ministers from the government's ruling coalition, as the Danish public wondered how an American investment bank could possibly hold so much influence over the state energy grid.
Wall Street's War
But banks aren't just buying stuff, they're buying whole industrial processes. They're buying oil that's still in the ground, the tankers that move it across the sea, the refineries that turn it into fuel, and the pipelines that bring it to your home. Then, just for kicks, they're also betting on the timing and efficiency of these same industrial processes in the financial markets – buying and selling oil stocks on the stock exchange, oil futures on the futures market, swaps on the swaps market, etc.
But those are purely financial schemes. In these new, even scarier kinds of manipulations, banks that own whole chains of physical business interests have been caught rigging prices in those industries.
The Search For A New Economic System - With Meaning
Rolling Stone, Matt Taibbi, July 9, 2009
-▶ THE GREAT AMERICAN BUBBLE MACHINE. From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression -- and they're about to do it again, Read more: http://www.rollingstone.com/politics/news/the-great-american-bubble-machine-20100405#ixzz2tNBMth7d
-▶ "THE FLASH BOYS" IS WALL STREET STOCK MARKET RIGGED? Interview with Author, Michael Lewis: A Wall Street Revolt "The Flash Boys" http://www.npr.org/2014/04/01/297686724/on-a-rigged-wall-street-milliseconds-make-all-the-difference
CBS News, 60 Minutes, March 28, 2014
THE WALL STREET CASINO:
IS THE U.S. STOCK MARKET RIGGED?
THE "FLASH BOYS"
Rolling Stone, May 10, 2012, Matt Tabbi,
-▶ HOW WALL STREET KILLED FINANCIAL REFORM
September 9, 2013 Washington Post
-▶ HOW THE CULT OF SHAREHOLDER VALUE WRECKED AMERICAN BUSINESS http://www.washingtonpost.com/blogs/wonkblog/wp/2013/09/09/how-the-cult-of-shareholder-value-wrecked-american-business/
Harvard Business Review, May 15, 2014
- ▶ TAKING BUSINESS BACK FROM WALL STREET: THE DANGERS OF MANAGING COMPANIES FOR SHAREHOLDERS http://blogs.hbr.org/2014/05/taking-business-back-from-wall-street/
May 10, 2013 Harvard Business Review
▶ PARTING WAYS WITH PUBLIC TRADING http://blogs.hbr.org/cs/2013/05/parting_ways_with_public_tradi.html
A VIP READ:
Center for Public Integrity, February 17, 2014
-▶ AFTER THE MELTDOWN: In the fall of 2008, the U.S. economy nearly collapsed thanks to an unprecedented wave of mortgage foreclosures. In “After the Meltdown — Where are they now?” the Center for Public Integrity revisits the subprime lenders, Wall Street banks and government regulators that were most responsible for the crash — and finds few if any have been held accountable. http://www.publicintegrity.org/business/finance/after-meltdown
LOBBYING: MURKY BUSINESS OR DEMOCRATIC NECESSITY? http://sco.lt/6k957p
-▶ WALL STREET, CORPORATIONS BUYING UP AMERICAN, FOREIGN FARMLAND, THREATENING FUTURE OF U.S. AND WORLD AGRICULTURE http://sco.lt/8U908P
▶ WHAT HAPPENS WHEN WALL STREET OWNS THE NEIGHBORHOOD? MEET YOUR NEW LANDLORD http://sco.lt/5SjIVl
AlterNet, March 25, 2014
-▶ HOW WALL STREET IS SUCKING HUGE AMOUNTS OF MONEY FROM LOS ANGELES: Study "No Small Fees: LA Spends More on Wall Street than Our Streets." http://www.alternet.org/economy/new-report-reveals-how-wall-street-impoverishes-los-angeles
Salon, February 23, 2014
▶ McDOMINATION: HOW CORPORATIONS CONQUERED AMERICA AND RUINED OUR HEALTH http://www.salon.com/2014/02/23/mcdomination_how_corporations_conquered_america_and_ruined_our_health/
The Guardian, March 12, 2014
THE TRUTH ABOUT LOBBYING: 10 WAYS BUSINESS CONTROLS GOVERNMENTS. Whether facing down a threat to profits from a corporate tax hike, or pushing for market opportunities – such as government privatisations – lobbying has become another way of making money. Here are the 10 key steps that lobbying businesses will follow to bend government to their will. http://www.theguardian.com/politics/2014/mar/12/lobbying-10-ways-corprations-influence-government
New York Times, March 01, 2014
▶ BIG-MONEY DONORS DEMAND LARGER SAY IN CAMPAIGN STRATEGY http://www.nytimes.com/2014/03/02/us/politics/big-money-donors-demand-larger-say-in-party-strategy.htm
-▶ THE WORLD IS SITTING ON A CONSUMPTION TIME BOMB http://sco.lt/7sR3eT
"CAN WE SHOP TO END POVERTY"
With Ananya Roy
Global Envision: Exploring Market-driven Solutions to Poverty
STEALING AFRICA: WHY POVERTY?
HOW MUCH PROFIT IS FAIR?
AllAfrica.com: February 19, 2014
▶ AFRICA: EMERGING MARKET CURRENCIES UNDER ATTACK BY THE SHARKS OF THE CASINO GLOBAL ECONOMY http://allafrica.com/stories/201402200053.html
WHEN WALL STREET WENT TO AFRICA
THE UNITED STATES OF 'ALEC'
SHAPING AND CONTROLLING SPECIAL INTEREST LEGISLATION: ONE STATE AT A TIME http://sco.lt/68GD8z
▶ FOOD, SLAVE LABOR AND THE WALMARTIZATION OF AGRICULTURE AND AMERICA http://sco.lt/8oSVBx
Moyers and Company, February 14, 2014
THE TRIUMPH OF CAPITAL OVER DEMOCRACY
Putting Political Corruption On Ice
March 1, 2013 Global Research
▶ PREDATORY CAPITALISM AND THE RISE OF THE "GLOBAL CORPORATOCRACY". http://www.globalresearch.ca/rise-of-the-global-corporatocracy-an-interview-with-john-perkins/5329456
▶ CAPITALISM NEEDS RETHINKING BUT WHAT ARE THE OPTIONS? http://sco.lt/6X0IC1
June 21, 2013 Guardian Sustainable Business
▶ ECONOMIC SUCCESS IS NOT ENOUGH TO IMPROVE OUR WELL BEING. We seek economic success to improve lives and contribute to the society we want. BUSINESSES HAVE LOST THEIR WAY BY FOCUSING ON PROFIT MAXIMISATION AT ANY COST http://www.guardian.co.uk/sustainable-business/economic-success-not-enough-wellbeing
WHY THE FIRST ISSUE IN MONEY IS POLITICS
Moyers & Company: February 13, 2014
-▶ ON THE MONEY: WHAT A TANGLED WEB WE WEAVE
This week: Shadowy nonprofits and how they are funded; the moderate GOP's 2014 strategy; fake websites; and more http://billmoyers.com/2014/02/13/on-the-money-what-a-tangled-web-we-weave/
-▶ CRUSHING COLLEGE DEBT - A TRILLION DOLLAR BUSINESS: PREDATORY LOANS AND AN UNKNOWN FUTURE http://sco.lt/8wWGOX
"THE STORY OF SOLUTIONS"
Latest from Annie Leonard's "Story of Stuff"
Resolving the "Game of More"
-▶ THE COLLABORATIVE/SHARING ECONOMY IS EXPLODING http://sco.lt/5QA4vJ
-▶ THE INDUSTRIAL MILITARY COMPLEX MINDSET AND CSR: SHARING AND COOPERATION vs COMPETITION AND ENDLESS CONSUMPTION http://sco.lt/5EXUv3
-▶ BIG PHARMA, BIG BUCKS: ENDING DRUG MONOPOLIES, MEGA PROFITS AND STRANGLEHOLD ON PATENTS == PEOPLE ARE DYING http://sco.lt/5WVBkP
▶ THE NEW CORPORATE COLONIALISM. DESTRUCTION OF PLANETARY LIFE IN THE NAME OF "GROWTH" http://sco.lt/696Tlx
▶ POPE FRANCIS WARNS ON COMING "IDOLATROUS" GLOBAL ECONOMIC COLLAPSE, PLEAS FOR ENVIRONMENT http://sco.lt/9JnutN
SHOULD COMPANIES COMPENSATE SOCIETY FROM ENVIRONMENTAL DESTRUCTION FROM WHICH THEY PROFIT? http://sco.lt/5x2tqz
▶ FINANCIALIZING NATURE COULD BANKRUPT US ALL. OLD ECONOMICS OR SUSTAINING POLICY http://sco.lt/8Y7sK9
▶ BIODIVERSITY IS VITAL TO MAINTAINING ECOSYSTEMS AND HUMAN HEALTH http://sco.lt/4u4JhR