Business

Corporate Welfare State: Big Business Taxed at 12.6 Percent, Half of What Teachers Pay

Corporate Welfare State: Big Business Taxed at 12.6 Percent, Half of What Teachers Pay
A new study shows that the big U.S. companies paid only 12.6 percent in taxes on their reported worldwide profits in 2010. Corporate taxes have gone from 5-6 percent of GDP down to only a third of that. The corporate share of all taxes paid has gone from 28 percent to a third of that, too. And these lower taxes have hurt — not helped — our economy and country.
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US Corporations, GMOs Thrive Under Obama's African Partnership

US Corporations, GMOs Thrive Under Obama's African Partnership
Rounding out his multi-state African tour Monday, US President Barack Obama pledged a new era of "partnership" with the continent, promising "an end to famine and a thriving African agricultural industry." However, critics and food sovereignty advocates—wary of such remarks—want to know who gets to "thrive" and at what cost.
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Bank Executives Joked About Billion Euro Bailout Scam

Bank Executives Joked About Billion Euro Bailout Scam
Executives at one of Ireland’s biggest banks laughed and joked about how they were going to fool the Central Bank into bailing them out, according to a tape recording obtained by the Irish Independent. The failure of Anglo Irish Bank is eventually expected to cost the taxpayer €30 billion.
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A Congress Only CEOs Could Love

A Congress Only CEOs Could Love
House Republicans, with help from some Wall Street-friendly Democrats, are rushing to repeal the most promising Dodd-Frank Act check on excessive executive pay. You won’t believe their rationale.
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Post Explosion, TX Still Has a 'Fertilizer Happens' Plan

Post Explosion, TX Still Has a 'Fertilizer Happens' Plan
As Gov. Rick Perry touts the Texas Miracle to lure businesses from New York, Sen. Barbara Boxer will hold a hearing this week on the fertilizer plant explosion in West, Texas. But back home in Texas where 16 fertilizer plants are as large as the one in West, officials are putting the lazy in laissez-faire by adopting a voluntary "fertilizer happens" plan.
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Walmart's Model to Milk Millions from CA Taxpayers

Walmart's Model to Milk Millions from CA Taxpayers
Walmart’s expansion strategy for Los Angeles and other urban areas has been to avoid public oversight by choosing real estate that doesn’t require public review — and, where possible, to secure public subsidies, often with little public scrutiny. Once Walmart employees start to receive public assistance to the tune of $5,815 per employee, will the superstores really be worth it to their communities?
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Allegedly Pro-Business Christie Investing One Quarter What His Dem Predecessor Did in Small Business Development

Allegedly Pro-Business Christie Investing One Quarter What His Dem Predecessor Did in Small Business Development
There's a myth out there, repeated often by Democrats endorsing Governor Chris Christie, that Christie is supportive of business in New Jersey. Apparently, that only means big business.
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Walmart Accepted Clothing from Banned Bangladesh Factories

Walmart Accepted Clothing from Banned Bangladesh Factories
The world's largest retailer, Walmart, last month released a list of more than 200 factories it said it had barred from producing its merchandise because of serious or repeated safety problems, labor violations or unauthorized subcontracting. But at least two of the factories on the list have continued to send massive shipments of sports bras and girls' dresses to Walmart stores in recent months, according to interviews and U.S. customs records.
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World Wide Renewable Energy Capacity Now Equivalent to 1,500 Nuclear Reactors

World Wide Renewable Energy Capacity Now Equivalent to 1,500 Nuclear Reactors
Global energy-generating capacity from renewable sources rose by 115 gigawatts in 2012, compared with 105 gigawatts the previous year, which is great news for both consumers and the environment. The bad news for American workers? China is leading the way.
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The AP
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Economic Meltdown: Nuclear Plants Closing in Favor of Natural Gas

Economic Meltdown: Nuclear Plants Closing in Favor of Natural Gas
Around the country, nuclear power plants are shuttering their doors as the cost of regulations and repairs skyrocket. For major utility corporations, natural gas is a cheaper alternative.
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The AP
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