Posted by Leonard Steinberg on July 16th, 2012 It is fact now that US corporations are sitting on almost $ 5 TRILLION in cash, both domestically and internationally. This cash sits idle as corporations’ frustration grows because consumer demand is not strong enough to justify solid, meaningful business investment. This is my argument: Consumer demand… [Read More]
LEONA HELMSLEY LIVES! THE NOUVEAU LITTLE PEOPLE PAY TAXES
Posted by Leonard Steinberg on March 30th, 2011 OIl companies scream DRILL BABY DRILL, as it will be good for the USA, create jobs, generate tax revenues, yet Transocean denounces their USA ownership status, moves to Switzerland, and avoids $ 2 billion in taxes. 35% corporate tax rates are amongst the highest in the world,… [Read More]
CORPORATION + PRIVATE CASH SAVINGS UNLEASHED
This morning’s Wall Street Journal reports that one year removed from the trough of the recession, American corporations continue to hoard more cash than ever. There are now tentative signs that they are finally comfortable using the money to do some shopping. The 382 nonfinancial firms in the Standard & Poor’s 500 that have… [Read More]