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Posts in category "Business"

Wall Street Journal Editorial Gets Phone Hacking Scandal Almost All Wrong

Wall Street Journal Editorial Gets Phone Hacking Scandal Almost All Wrong
Politico called The Wall Street Journal’s editorial defending its reputation against its sister newspapers phone hacking of celebrities, politicians, and murder victims “remarkable.” Politico described the editorial as remarkable because the Journal portrays News Corporation as the victim of “liberal politicians and media competition in the U.K. and the U.S.” The editorial by the Journal is... Read more »
By thelowedown,
July 25, 2011 at 5:50 am
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Tax lies and the big business liars who tell them

In January, in the waning days of the 96th General Assembly, Democratic legislators in Illinois passed a massive tax increase: from 3% to 5% for the personal income tax and from 4.8% to 7% for corporate income taxes. Predictably, those against any and all tax hikes cried “businesses will leave Illinois” and screamed about how... Read more »
By thelowedown,
July 2, 2011 at 7:48 pm
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Spineless Pols Won't Even Stand Up to Retiring Daley's Reserve Raid (and How to Finance the Future of Chicago)

Are the politicians in Chicago so bad that they won’t even stand up to a retiring Dick Daley even as he presents another quick fix budget disaster? It appears so… The Tribune’s title says it all: “Daley budget raids reserves.” Daley’s proposal takes big bites of Skyway funds, parking meter funds, and TIF funds. Forget... Read more »
By thelowedown,
October 14, 2010 at 2:48 am
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American Greed: Moody's finds that tax cuts make the rich hoard.

A new report from Moody’s Analytics shows that since the late 1980s, tax cuts for the wealthiest of Americans have not spurred spending growth. Will this report crush the GOP’s mainstay line on fiscal issues? The study conducted by Moody’s shows that when tax cuts were implemented for the wealthiest group of Americans that their... Read more »
By thelowedown,
September 13, 2010 at 5:18 pm
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Censored Sex Ads?

In the ongoing battle over Craigslist’s adult services section, some folks see the company shutdown of the section as a ploy. Others see it as a measure designed to fight back against the iron fist of government harassment. State attorneys general have been battling Craigslist for years its adult classifieds section, and recently the website... Read more »
By thelowedown,
September 5, 2010 at 9:00 pm
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Bye Bye Blockbuster

Sometime in September, Blockbuster, formerly the king of home video rentals, will file for bankruptcy protection. The act of going to the video store has been dead for awhile now, but was does this symbolize?   Right off the bat, Blockbuster’s demise shows what happens to any business that drags it feet to catch up... Read more »
By thelowedown,
August 29, 2010 at 11:50 pm
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Health Care: Sacrificing Choice for Cost

The New York Times reports that major health insurance corporations are now experimenting with plans that offer cheaper coverage for sharply limited networks of doctors and hospitals. A cheaper plan sounds great even with a limited, HMO type plan, but is this good health care or another insurance industry smokescreen? By offering limited plans, major... Read more »
By thelowedown,
July 18, 2010 at 4:50 am
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"Height of Arrogance:" BP CEO Watches Yacht Race After Stonewalling Congress

After stonewalling Congress at Congressional hearings this week, BP chief executive Tony Hayward, a man blasted for saying “I’d like my life back” in the midst of the spill, got his life back. The New York Times reports that Hayward was on “the southern coast of England for the J. P. Morgan Asset Management Round... Read more »
By thelowedown,
June 19, 2010 at 7:28 pm
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The Lowe Down: Iceland Passes Proposal to Become Internet Safe Haven

    The Icelandic legislature has passed a very progressive new proposal that aims to make the nation a haven for “expression and freedom of information (translation).”   The Icelandic Modern Media Initiative intends “to make Iceland an attractive environment” for the “operation of international press organizations, new media start-ups, human rights groups and internet data centers.”... Read more »
By thelowedown,
June 18, 2010 at 4:46 am
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Are Governments Powerless to Stop Major Corporations?

Do governments allow corporations to silence people? This is quite an interesting question. The point was raised by Fidel Castro nonetheless. Now, even though the point was raised by Castro, it is a valid question that I ask: are governments powerless to stop major (multinational) corporations? I would not hesitate to say yes. Castro said... Read more »
By thelowedown,
May 9, 2010 at 10:49 pm
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