This shift in how companies are governed and raise money is bringing with it a structural change in American capitalism. That should be a matter of great debate. Are these new businesses, with their ability to circumvent rules that apply to conventional public companies, merely adroit exploiters of loopholes for the benefit of a plutocratic few? Or do they reflect the adaptability on which America’s vitality has always been based? - Rise of the distorporation - how changes in the way companies are financed and managed is changing the wealth distribution of America.
posted by Artw
on Nov 2, 2013 -
Ephemeral New York 'chronicles an ever-changing, constantly reinvented city through photos, newspaper archives, and other scraps and artifacts that have been edged into New York’s collective remainder bin.' [more inside]
posted by zarq
on Oct 11, 2012 -
"Through the quarter-century in which China has been opening to world trade, Chinese leaders have deliberately held down living standards for their own people and propped them up in the United States. This is the real meaning of the vast trade surplus—$1.4 trillion and counting, going up by about $1 billion per day—that the Chinese government has mostly parked in U.S. Treasury notes. In effect, every person in the (rich) United States has over the past 10 years or so borrowed about $4,000 from someone in the (poor) People’s Republic of China." James Fallows on how the trade deficit between China and America works and what it means for the future.
posted by afu
on Sep 30, 2008 -
It's like a paycheck advance, not a rebate. You thought the great tax relief of 2001 was a rebate on those huge surpluses the US gov't didn't know what to do with right? Nope, it's merely an advance on the refund of taxes you'll file next year, and here's the kicker: you may or may not be getting any refund at all next year. Tax relief? Tax rebate? Simply owing the $300 back next April? Who came up with this stupid idea? (truth courtesy of Megnut)
posted by mathowie
on Jul 27, 2001 -