"The debate over Republicans’ insistence on continued tax breaks for the superrich and the corporations they run should come to a screeching halt with the report in Tuesday’s Wall Street Journal headlined “Big U.S. Firms Shift Hiring Abroad.” Those tax breaks over the past decade, leaving some corporations such as General Electric to pay no taxes at all, were supposed to lead to job creation, but just the opposite has occurred. As the WSJ put it, the multinational companies “cut their work forces in the U.S. by 2.9 million during the 2000s while increasing employment overseas by 2.4 million, new data from the U.S. Commerce Department show.”Continue reading Robert Scheer at Truthdig or read more of Northern Insights about General Electric in British Columbia. Recommend this post
"General Electric, which was bailed out by taxpayers and which stored so much of its profit abroad that it paid no taxes for the past two years, was forced to tighten up, but while cutting its foreign workforce by 1,000 it cut a far more severe 28,000 in the United States. . ."
This Sunday In Lotusland...A Great City Deserves A Great Newspaper. - Or... If that's just not possible, some great pamphleteers... *Norm Farrell* explains why our town's no longer even remotely great newspapers refuse ...
4 hours ago