Consilience Productions - MoneyConsilience Productions - MoneyConsilience Productions wants to connect topics that might seem mutually exclusive at first, but are, in fact, associated in one way or another. The MONEY blog comments on economic policy issues with a particular focus on the non-profit sector.
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Tax amnesty creates jobs, right?
2007-07-28 00:00:00 Wrong! Two years ago, when companies received a big tax break to bring home their offshore profits, the president and Congress justified it as a one-time tax amnesty that would create American jobs. In theory, companies are only deferring taxes... More About: Jobs , Amnesty , Create
Sicko and Sick, the book...
2007-07-13 00:00:00 If you haven't had a chance to see Michael Moore's, "Sick o ," by all means, run out now and view this movie. It's non-partisan and touches upon many of the inadequacies of our for-profit health care system, where large corporations care... More About: Book , E Book
The EZ-Pass Way to Raise Taxes
2007-07-04 00:00:00 Here on the East Coast, the rise of the EZ-Pass method of collecting tolls on highways has certainly eased congestion. But has it eased the way we keep track of the costs? In an interesting study conducted by economist Amy... More About: Taxes
Executive Pay Gone Wild!
2007-06-23 00:00:00 Two recent news stories in the world of the Fortune 500 just happened to "re-highlight" how shareholders in just two companies - Yahoo & Home Depot - were taken to the cleaners by their CEOs. The first story is the... More About: Wild , Executive
The collapse of the Soviet Union: Oil & Grain
2007-06-15 00:00:00 Yegor Gaidar (Prime Minister of Russia from 1991- 94) has a fascinating article out over at AEI (American Enterprise Institute for Public Policy Research) where he traces the collapse of the old Soviet Union back to a day in 1985:... More About: Collapse , Soviet Union , Grain
IBM tries to steal $1.6 billion from taxpayers
2007-06-07 00:00:00 Here's the perfect example of why we can never rely on "voluntary oversite" to enforce corporations to do the right thing: For the second time in 12 months, the government has moved to block a tax shelter that had been... More About: Steal , Bill , Trie , Billion
Union workers vs. corporate do-gooders
2007-06-06 00:00:00 Here's an interesting dilemma: The National Labor Relations Board's New York office delivered a stinging accusation against one of the city's -- and the nation's -- most popular retail outlets. The labor board charged that Starbucks, the ubiquitous coffee chain,... More About: Workers , Corporate , Union , Rate , Worker
Credit Card Insanity
2007-05-19 00:00:00 Credit card debt, less than $8 billion in 1968 (in current dollars), now exceeds $880 billion, more than tripling since 1988, adjusting for inflation, according to the Federal Reserve Bank. Penalty fees alone cost consumers $17.1 billion in 2006 -... More About: Card , Credit , Credit Card , Insanity
Stale Popcorn in a BIG Bucket
2007-05-17 00:00:00 Brian Wansink, a marketing professor from Cornell, has been conducting these little mischievous experiments over the years trying to determine and quantify consumption habits of ordinary folk: Mr. Wansink gave away five-day-old popcorn - "stale enough to squeak when it... More About: Popcorn , Buck , Big B , Stale , Tale
Executive compensation in the airline industry vs. worker give-backs
2007-04-16 00:00:00 Back in the earlier part of this decade, the airline industry was struggling, with many of the big airlines filing bankruptcy and some going under. With cut backs in worker pay, the airlines were able to keep afloat, and now... More About: Industry , Work , Comp , Back , Executive
Third Largest Corporate Payouts in History: $400 Million for Occidental CEO
2007-04-10 00:00:00 Now this is disgusting: Occidental Petroleum Corp.'s chairman and chief executive took in more than $400 million in compensation last year, the company said in a filing, one of the biggest single-year payouts in U.S. corporate history. Yes, Ray Irani,... More About: History , Story , Dental , Corporate , Lion
Cell phones will also read bar codes
2007-04-01 09:43:00 Here's some new technology coming our way soon (it already exists in Japan): With a wave, the phone can read encoded information on everyday objects and translate that into videos, pictures or text files on its screen: House hunters, driving... More About: Phone , Cell Phones , Cell Phone , Phones , Cell
Maybe We Deserve to Be Ripped Off By Bush's Billionaires
2007-03-20 00:00:00 Matt Taibbi, over at AlterNet (and RollingStone.com), wrote a pretty concise article last month after receiving some numbers from Bernie Sander's office (Socialist Senator from Vermont) regarding Bush 's latest budget proposals: If the Estate Tax were to be repealed completely,... More About: Maybe , Lion , Billionaires , Nair
Wal-Mart dodges a bullet in Maryland
2007-03-18 00:00:00 A federal appeals court upheld a ruling invalidating a Mary land law that would have forced Wal-Mart to spend more on employee health care, agreeing Wednesday that the state law interferes with federal law. Maryland's law would have required non-governmental employers... More About: Wal-Mart , Dodge
Where's all the money gone?
2007-03-18 00:00:00 After growing at more than 3% a year in 2004 and 2005, the pace picked up to a blistering 5.6% annual rate in the first quarter of this year - although the pace has since then slipped back to 2.9%.... More About: Money , Gone , Here , Where
Shareholders at Aflac get say, finally, on executive pay
2007-03-18 00:00:00 We've been following the issue of executive pay in the U.S., and the disgusting amounts of money these executives are ripping off from their shareholders. Now the giant insurance company, Aflac, says that shareholders will be able to cast a... More About: Shareholders , Final , Share , Executive , Finally
Bush to Hedge Fund Investors: Caveat Emptor
2007-03-18 00:00:00 The President’s Working Group on Financial Markets released their long-awaited report on whether there should be more government regulation of the multi-trillion dollar hedge fund industry, and what do you think their conclusion was? This quote from Securities Industry and... More About: Bush , Fun , Investor , Vest , Stor
Americans Want Universal Health Care
2007-03-18 00:00:00 A majority of America ns say the federal government should guarantee health insurance to every American , especially children, and are willing to pay higher taxes to do it, according to the latest New York Times/CBS News poll. It's just a matter... More About: Health , Health Care , Care
The Fox Designing the Hen House
2007-03-18 00:00:00 Here's a development you shouldn't find surprising from the Bush Administration: The Internal Revenue Service is asking tax lawyers and accountants who create tax shelters and exploit loopholes to take the lead in writing some of its new tax rules.... More About: House , Design , Designing , Desi , Sign
A Financial Plan That Comes with Mug Shots
2007-03-18 00:00:00 Now this has got to be one of the funniest retirement-plans stories out there: On May 1, Mr. Bowers -- or, as he is known to the Ohio Department of Rehabilitation and Correction, prisoner A535976 -- handed a teller a... More About: Financial , With , Hat , Shots , Shot
Lump of Coal
2007-03-18 00:00:00 Gretchen Morgenson recently detailed one of the most egregrious, disgusting payouts in U.S. corporate history. Hank McKinnell, the former Chief Executive of Pfizer, received a $200 million payout after being DUMPED by the company for his horrible performance: Here’s how... More About: Coal , Lump
Senator Ron Wyden unveils Universal Health Care in America
2007-03-18 00:00:00 A dozen years after Congress rejected a Clinton administration plan for universal health care, Oregon Sen. Ron Wyden is readying a proposal to provide health care coverage to all America ns through a pool of private insurance plans. "Employer-based coverage is... More About: Health , Health Care , Care , Nato
CraigsList Meets the Capitalists
2007-03-18 00:00:00 How refreshing is this? Jim Buckmaster, the chief executive of Craig slist , caused lots of head-scratching Thursday as he tried to explain to a bunch of Wall Street types why his company is not interested in “monetizing” his ridiculously popular Web... More About: Lists , List , Capital
The Shrinking Pie and Income Inequality
2007-03-18 00:00:00 This is America in 2006: The chief executive of Wal-Mart Stores, H. Lee Scott Jr., made more than $15 million last year in cash, stock and options, according to the company’s annual report, an amount equivalent to roughly 850 times... More About: Income , Come , King , Equal , Equality
Who owns the Media?
2007-03-18 00:00:00 This fascinating page lists all of the Big Media and their holdings. It's derived from the Columbia Journalism Review's, "Who Owns What?" site, one of many excellent resources on the web regarding media ownership. For instance, The Big 8 Media... More About: The Media
The Share-Price-to-Campaign-Contribution Ratio
2007-03-18 00:00:00 Here's a stunner: It pays for corporations to contribute to Congressional political campaigns. And what's more, it pays for investors to buy the stocks of companies that make a habit of doing so. Hmmm...who would have thought THAT was possible,... More About: Rice , Campaign , Campa , Share , Price
Wall Street bankers descend on farms
2007-03-18 00:00:00 This is a great story about the next Wall Street land rush: With big profits gushing forth from ethanol plants, dozens of Wall Street bankers, in loafers and suits, have been descending on the cornfields of the Midwest promising to... More About: Arms , Tree
Will the Crisis in the Mortgage Industry Bring Down the Economy?
More articles from this author:2007-03-18 00:00:00 A few days ago, Gretchen Morgenson of the NYTimes wrote one of the most comprehensive articles on the looming (or already here) mortgage crisis that could spell trouble for the economy. We've already seen the DOW fall almost 600 points... More About: Economy , Industry , Mortgage , Ring , Down 1, 2 |
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