May
2013

Headlines by Date

Thursday, May 23, 2013

Apple Avoids Paying $17 Million In Taxes Per Day

[Business Insider] A report published by the Permanent Subcommittee on Investigations  gives an inside look on Apple's absolutely genius tax avoidance strategies. For example, Apple uses a variety of offshore structures and arrangements to shift billions of dollars from the United

Monday, May 20, 2013

Privileged Idiots

[Yahoo! ] The 32-year-old hotel heiress is now speaking out about being the victim of the so-called Bling Ring burglaries that took place four years ago in her Hollywood Hills home – a home wherein she allowed Sofia Coppola to film a movie about the events.

Suspects wore Louboutins

Friday, May 17, 2013

Big Banks Rigging The System, Again

[DealBook] The changes to the rule, which will be announced on Thursday, could effectively empower a few big banks to continue controlling the derivatives market, a main culprit in the financial crisis.

Tuesday, May 14, 2013

Prison profits skyrocket on promises of “growing offender population”

A major U.S. private prison operator known for inmate abuseviolations, and disregard for the truth reported a 56-percent spike in profit in the first quarter of 2013, due in part to its new strategy for drastically reducing its taxes, the Associated Press reports. During a

Monday, May 06, 2013

Justifying the CEO-Worker Pay Gap

[Atlantic] Why are executives paid so much more than the average employee?

  1. Accelerated stock returns
  2. Bull markets make CEOs fabulously wealthy, and they make shareholders indifferent to their fabulous wealth.

[Atlantic] Ron Johnson, the disgraced outgoing CEO of JC Penney,

Thursday, May 02, 2013

Why top bankers can’t get by on $1million

[eFinancialCareers] In the UK, only the top 1% of income taxpayers earn anything more than £150k according to figures from the Office of National Statistics. In the US, the top 1% of people earn more than $370k according to the Internal Revenue Service.  And yet, some bankers in the

Tuesday, April 30, 2013

Virginia Gov. Bob McDonnell Under Investigation For Fraud

The FBI began investigating McDonnell after uncovering evidence during a securities probe of Star Scientific, 

[Daily News] FBI agents have asked questions about gifts the McDonnells have received from company CEO Jonnie Williams and whether the Republican governor or his

Friday, April 26, 2013

Pat Riley’s $16.8 Million, Ocean-Front Tear Down

[Miami Herald] Miami Heat President Pat Riley sold his spectacular bayfront mansion in gated Gables Estates for $16.8 million last March.

The 12,856-square-foot Mediterranean-style dream house at 180 Arvida Parkway has a theater, wine cellar, library, and a sprawling pool with

Tuesday, April 23, 2013

STOP THE KOCH BROTHERS

According to the New York Times, the Koch brothers want to buy these media properties to push their anti-environment, anti-labor and anti-democracy agenda.

We don't need more corporate control of our media and our politics. We need journalism that fights corruption — not hack writing

Monday, April 22, 2013

Wall Street Betting Big On Single-Family Homes

[WAPO] Drawn by the prospect of double-figure profit margins on rents and the resale of homes whose prices plummeted in the crash, hedge funds, Wall Street investors and other institutions are crowding out individual home buyers.

Lured by the promise of big monetary returns, 70% of

Sunday, April 21, 2013

CEO Pay Surges As Economy Recovers

[USA Today] Coming off a year in which the Standard & Poor's 500 gained 13% and companies ended up sitting on record amounts of cash, CEOs are back to collecting big raises. While many CEOs fell short of performance targets and saw their bonuses get cut as a result, lucrative salary

Friday, April 19, 2013

Wealthy Canadians Fess Up After Names Appear On Tax-Haven Lists

[Canadian Press] The agency's voluntary disclosures program encourages taxpayers who have deliberately or inadvertently failed to pay their taxes to come forward. If the disclosure is accepted, penalties are waived and no legal action taken, as long as back taxes are paid.

Tuesday, April 16, 2013

Math Problem: Corporate Tax Loopholes

Visit TaxEvaders.net to get a fact-checked run down on the worst coporate tax evaders.

Sunday, April 14, 2013

Casey Kasem’s $42 Million Mansion

[Trulia] Casey Kasem, longtime host of ‘American Top 40′ and one of the most iconic voices of all time, is saying goodbye to his Beverly Hills home, which comes complete with one of the romantic details we’ve ever seen – a heart-shaped pool! First reported by The Real Estalker, the

Thursday, April 11, 2013

ONE Wins Campaign Against Corruption In Europe

[ONE] Previously, these payments were made in secret, fuelling corruption; but this victory will help promote accountability.  Now citizens will be better able to ensure that the money generated in resource-rich countries is used for vital services like schools, roads and hospitals.

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Vile Quotes

"I'm not an angel but I'm not a crook. I have not done anything that any other public official hasn't done."
Jimmy Dimora

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Vile Comments

I seriously doubt that if Michaele was indeed a socialite she’d be employed as a
receptionist, department store clerk or makeup artist… Paris Hilton she is not….
These two are posers who don’t pay their bills and are taking this reality/celebrity train
for all its worth…They are both idiots.

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