Global Economy Bursting?

[Randolph Kinney]

Law School Economics: Ka-Ching!

http://www.nytimes.com/2011/07/17/b...ition-rises.html?nl=todaysheadlines&emc=tha25

Legal diplomas have such allure that law schools have been able to jack up tuition four times faster than the soaring cost of college. And many law schools have added students to their incoming classes — a step that, for them, means almost pure profits — even during the worst recession in the legal profession’s history.

It is one of the academy’s open secrets: law schools toss off so much cash they are sometimes required to hand over as much as 30 percent of their revenue to universities, to subsidize less profitable fields.

In short, law schools have the power to raise prices and expand in ways that would make any company drool. And when a business has that power, it is apparently difficult to resist.

 

[Randolph Kinney]

Gold price hits record high as eurozone woes spread across Atlantic

http://www.independent.co.uk/news/b...zone-woes-spread-across-atlantic-2313296.html

Finance ministers set to call emergency meeting as Greece inches towards default – and US hints it may have to print more money

 

[Randolph Kinney]

Illinois, California debt being ‘watched’ by feds

http://www.nwherald.com/2011/07/16/illinois-california-debt-being-watched-by-feds/a8nzwvq/

SPRINGFIELD – The nation’s top banker is watching Illinois and California with a keen eye on their unfunded obligations and unpaid debts.

“We watch those [states] very carefully,” said Ben Bernanke, chairman of the Board of Governors of the Federal Reserve. “We also look at exposures of banks and other institutions to those states.”

 

[prasercat]

Illinois, California debt being ‘watched’ by feds

http://www.nwherald.com/2011/07/16/illinois-california-debt-being-watched-by-feds/a8nzwvq/

SPRINGFIELD – The nation’s top banker is watching Illinois and California with a keen eye on their unfunded obligations and unpaid debts.

“We watch those [states] very carefully,” said Ben Bernanke, chairman of the Board of Governors of the Federal Reserve. “We also look at exposures of banks and other institutions to those states.”

Here is a good part of the solution -

Stop the loss in tax revenues due to Offshore Tax Havens costing California about 12 billion/year and 5 billion/year for Illinois.

http://www.huffingtonpost.com/2009/04/15/offshore-tax-havens-a-sta_n_186640.html

http://www.huffingtonpost.com/thenewswire/archive/taxes.html

 

[Couch Potato]

Here is a good part of the solution -

Stop the loss in tax revenues due to Offshore Tax Havens costing California about 12 billion/year and 5 billion/year for Illinois.

http://www.huffingtonpost.com/2009/04/15/offshore-tax-havens-a-sta_n_186640.html

http://www.huffingtonpost.com/thenewswire/archive/taxes.html

Just what do you propose be done? The "lost tax revenue" is much like "lost sales tax revenue" from Amazon sales that California's new law was supposedly going to collect. All it did was kill jobs and cause companies to move. Changes in the law might not do anything other than create a building boom in the Cayman Islands and a further loss of revenue as executives move there and companies abandon the United States entirely.

Giving businesses more reasons to leave does not generate more tax revenue. :new_all_coholic:

 

[prasercat]

Just what do you propose be done? The "lost tax revenue" is much like "lost sales tax revenue" from Amazon sales that California's new law was supposedly going to collect. All it did was kill jobs and cause companies to move. Changes in the law might not do anything other than create a building boom in the Cayman Islands and a further loss of revenue as executives move there and companies abandon the United States entirely.

Giving businesses more reasons to leave does not generate more tax revenue. :new_all_coholic:

" It will kill jobs and cause companies to move" or "It will hurt profits, and cost job". Whenever something is wrong, it is made right with these two simple phrases.

- There are more things in heaven and earth than are dreamt of in your philosophy Couch.

I don't think cowering in front of big business is good either for the State, Country or even business. [What about the main street businesses, do they have the Offshore Tax Haven advantage? ]. A good portion of those tax dollars would go to fund State Jobs and promote a healthy infrastructure, needed by business. Good infrastructure, breeds good neighborhoods, breeds more money for the state, creates more jobs.

It's only the biggest companies, the ones that are the least invested in the US in many cases, that have these accounts. They need to pay their fair share along with other businesses. That will help reduce taxes to small and medium business enterprise.

This needs to happen in all States and promoted by all major economic countries in a concerted effort.

 

[Couch Potato]

" It will kill jobs and cause companies to move" or "It will hurt profits, and cost job". Whenever something is wrong, it is made right with these two simple phrases.

- There are more things in heaven and earth than are dreamt of in your philosophy Couch.

I don't think cowering in front of big business is good either for the State, Country or even business. [What about the main street businesses, do they have the Offshore Tax Haven advantage? ]. A good portion of those tax dollars would go to fund State Jobs and promote a healthy infrastructure, needed by business. Good infrastructure, breeds good neighborhoods, breeds more money for the state, creates more jobs.

It's only the biggest companies, the ones that are the least invested in the US in many cases, that have these accounts. They need to pay their fair share along with other businesses. That will help reduce taxes to small and medium business enterprise.

This needs to happen in all States and promoted by all major economic countries in a concerted effort.

How will them going from "least invested" to not invested at all reduce taxes on anyone? Remember increasing tax rates and levying new taxes does not automatically equate to an increase in revenue. Often it merely extinguishes the behavior.

You obviously have no clue of my philosophy, so you probably ought to refrain from such comments.

 

[Randolph Kinney]

Here is a good part of the solution -

Stop the loss in tax revenues due to Offshore Tax Havens costing California about 12 billion/year and 5 billion/year for Illinois.

http://www.huffingtonpost.com/2009/04/15/offshore-tax-havens-a-sta_n_186640.html

http://www.huffingtonpost.com/thenewswire/archive/taxes.html

A Senate report estimated in 2008 that the United States loses up to $100 billion a year in tax revenue to offshore tax havens (PDF).

What makes an offshore tax haven? A place that allows any company to register as their place of business. There are no taxes on profits or sales or assets or investments.

These places would not exist except for countries that insists on taxing labor, capital, inventories, sales, assets, etc.

Look at this way - California offers to regulate all aspects of life, energy and labor as well as tax all things. The Cayman Islands offers none of that. I would accept the Cayman Islands offer. Other people accept California's offer. So let them pay the taxes and be regulated. Fair is fair, I always say.

 

[Terrel L. Shields]

REWIND TO 2009

IMF sells 200 tonnes of gold to Reserve Bank of India
* Sale is part of total of 403.3 tonnes to be sold by IMF

* Gold price reverses earlier gains, flat near $1,058

* Relieves bearish risk of open-market bullion sale

$1000 TO $1500 IN 2 YEARS....NICE PROFIT THOSE CRAFTY INDIANS.

If my math is not too fuzzy, a troy oz is 1/32151th of a tonne..methinks they made something north of THREE BILLION dollars profit...

 

[Big ole Boy]

Everything in our economic system is Titanic ..... everything is against the very fiber-fabric that makes an economic system sustainable .....

.... while the left attempts to "remake" what it means to be human ...... they poison their own future .....

.... humans are not fungible clay ...... that can be remade by a centralized state ....

... humans are a function of history

... humans are connected to a root ....

.. if ever the world is to remake itself ......\

... it will have to hold some "truths" as "self evident" ..... about "virtue"


... we need a new economic system that trades in silver dimes