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 -
In 2003, only two colleges charged more than $40,000 a year for tuition, fees, room, and board. Six years later more than two hundred colleges charged that amount. What happened between 2003 and 2009 was the start of the recession. By driving down endowments and giving tax-starved states a reason to cut back their support for higher education, the recession put new pressure on colleges and universities to raise their price.
When our current period of slow economic growth will end is anybody’s guess, but even when it does end, colleges and universities will certainly not be rolling back their prices. These days, it is not just the economic climate in which our colleges and universities find themselves that determines what they charge and how they operate; it is their increasing corporatization.
If corporatization meant only that colleges and universities were finding ways to be less wasteful, it would be a welcome turn of events. But an altogether different process is going on [more inside]
posted by the man of twists and turns
on Nov 14, 2012 -
Secrecy Jurisdictions: Mapping the Faultlines
highlights research on 'the jurisdictions and mechanisms used to facilitate illicit financial flows worldwide, including especially flows from developing countries. Those flows, from developing countries alone, are estimated at $850 billion - US$1 trillion per year. At the core of this project is the biggest survey of tax havens
, or secrecy jurisdictions as we prefer to call them, that has probably ever been undertaken.' A project of the Tax Justice Network
posted by Abiezer
on Dec 3, 2009 -
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 -