By showing himself to be a paper tiger on international job transfers, Trump gave all employers a template for extracting tax benefits by threatening to move across the border. And he offered carte blanche for firms to play states off against one another in a quest for local incentives.
By Michael Hiltzik, Los Angeles Times It was widely noticed two weeks ago that the Standard & Poor’s 500 index, the most important stock market indicator, had hit a milestone by crossing 2,000 for the first time. It was less widely noticed that on that day, you would have notched a 148 percent gain if […]
By Michael Hiltzik, Los Angeles Times Back in February, in his annual message to shareholders in his company Berkshire Hathaway, Warren Buffett said this: “Who has ever benefited during the past 237 years by betting against America? … America’s best years lie ahead.” You can expect these words to be thrown back in Buffett’s face […]
By Michael Hiltzik, Los Angeles Times “Shareholder democracy” long has been derided as an oxymoron, like “military intelligence” or “jumbo shrimp.” Yes, corporate managements bow endlessly to the mandate that they act exclusively in the shareholders’ interest, but in real life they treat the poor sap with a few hundred shares as hardly more important […]
By Michael Hiltzik, Los Angeles Times Little noticed in coverage of President Barack Obama’s signing of the Fair Play and Safe Workplaces executive order July 31 was a provision that has been called “one of the most important positive steps for civil rights in the last 20 years.” The statement comes from Paul Bland of […]
Steven Salaita is a respected scholar in American Indian studies and Israeli-Arab relations, which got him hired recently to a tenured position at the University of Illinois. On Twitter, he’s been voicing his objections to Israel’s conduct in Gaza in the most forceful terms. That has just gotten him fired by the University of Illinois. […]
By Michael Hiltzik, Los Angeles Times In its decision Monday in the Hobby Lobby case, the conservative Supreme Court majority that upheld corporations’ religious objections to birth control spends an inordinate amount of time defending itself from the reasoning and wrath of Justice Ruth Bader Ginsburg’s dissent. Justice Samuel Alito, whose name is on the […]