Business

Fend Off Iran? Swiss Exporter of US Crude Oil Now Exporting Iran's Oil

Fend Off Iran? Swiss Exporter of US Crude Oil Now Exporting Iran's Oil
Proponents of lifting the U.S. crude oil export ban trumpeted the rhetorical question that since U.S. geopolitical rival Iran can export its oil, why can't the United States? But now that “liquid freedom” has begun to flow from American export terminals to the global market, it turns out the same company that exported the first batch of U.S. crude oil to the global market is now also exporting Iranian oil products. That company, the Switzerland-based Vitol Group, was profiled in an investigative piece on DeSmog late last year.
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Homebrew: Rage Boils in Colorado’s Boom Economy

Homebrew: Rage Boils in Colorado’s Boom Economy
The Colorado economy is growing. Some people enjoy the windfall; others are furious about shoddy development.
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The Corporate Takeover of ‘All Natural’ Food

The Corporate Takeover of ‘All Natural’ Food
Walk through your local grocery store these days and you’ll see the words “all natural” emblazoned on a variety of food packages. The label is lucrative, for sure, but in discussing the natural label few have remarked on what’s really at stake—the natural ingredients and the companies themselves.
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Mississippi Cuts $1.3 Billion From Schools, Gives $1.3 Billion to Nissan

Mississippi Cuts $1.3 Billion From Schools, Gives $1.3 Billion to Nissan
Mississippi has proved to us all that austerity, or the political ideology of "government living within its means," is a farce. All austerity means is taking money away from public services, and giving it to private business. Mississippi Governor Phil Bryant and the GOP-led legislature illustrated that perfectly in two ways.
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Companies That Evade Federal Taxes Still Get Federal Contracts

Companies That Evade Federal Taxes Still Get Federal Contracts
To add insult to the injury being done by corporations that essentially renounce their U.S. corporate citizenship to avoid U.S. taxation, many of these same companies are winning federal contracts – often in violation of laws designed to limit these contracts to genuinely American companies.
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Corporate Tax Behavior Is So Bad Even Fortune Magazine Can’t Stomach It

Corporate Tax Behavior Is So Bad Even Fortune Magazine Can’t Stomach It
Fortune Magazine is out with its list of “Top American corporate tax avoiders,” members of the S&P 500 that “sure seem American—except when it comes to paying taxes.”
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Walgreens Free to Become Swiss, but Should Have to Give Up Its US Corporate Citizenship

Walgreens Free to Become Swiss, but Should Have to Give Up Its US Corporate Citizenship
Dozens of big U.S. corporations are considering leaving the United States in order to reduce their tax bills. But they’ll be leaving the country only on paper. They’ll still do as much business in the U.S. as they were doing before.
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Red Cross: How We Spent Sandy Money Is a ‘Trade Secret’

Red Cross: How We Spent Sandy Money Is a ‘Trade Secret’
Just how badly does the American Red Cross want to keep secret how it raised and spent over $300 million after Hurricane Sandy?
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Revealed: Wall Street's Plan for Global Financial Deregulation

Revealed: Wall Street's Plan for Global Financial Deregulation
WikiLeaks published a previously tightly-held and secretive draft of a trade document on Thursday that, if enacted, would give the world's financial powers an even more dominant position to control the global economy by avoiding regulations and public accountability.
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Starbucks Cost for Scholarship Fund: $0. It's Mostly Funded by Federal Aid

 Starbucks Cost for Scholarship Fund: $0. It's Mostly Funded by Federal Aid
It turns out Starbucks isn't contributing any upfront scholarship money to an online college degree program it introduced this week.
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