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Mucking up marketplace fairness

The MFA would make Internet retailers unpaid tax collectors for almost 10,000 governmental entities. It sets an arbitrary threshold for small sellers doing $1 million or less in sales — not profits. Think about all of the mom-and-pop shops who sell online. These are the Internet entrepreneurs who have worked hard to provide a fair […]

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Nip and tuck

Cathy O’Connor Credit: Mark Hancock While few of the changes are major, they will update and better spell out what the city can do as part of its incentive program, said Cathy O’Connor, president of the nonprofit organization Alliance for Economic Development. The program funds come from the 2007 general obligation limited tax (GOLT) bond. […]

Posted inArts & Culture

Too Big to Fail

For this streamlined adaptation of Andrew Ross Sorkin’s nonfiction best-seller of the same name, director Curtis Hanson (L.A. Confidential) centers the story around the one man who had possibly the worst great job at the time: U.S. Secretary of the Treasury Henry Paulson (a very good William Hurt, The Incredible Hulk). In trying to prevent […]

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Bank shot

But those in banking before the advent of the Internet tell a far more emotional story of high-flying finance that ended in a spectacular supernova, changing the banking industry forever. Thursday marks the 30th anniversary of Penn Square’s failure. Those in the industry still remember it like it was yesterday. In 1982, James Finch was […]

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‘Let them eat cake’

How amusing it must be for a corporate lackey to sneer down on the little people below, demanding they get a job in an economy where 14 million Americans are unemployed. So what if Wall Street’s criminal schemes caused this nation to lose 30 percent of its wealth, resulting in countless cases of divorce, suicide […]

Posted inNews

‘Let them eat cake’

How amusing it must be for a corporate lackey to sneer down on the little people below, demanding they get a job in an economy where 14 million Americans are unemployed. So what if Wall Street’s criminal schemes caused this nation to lose 30 percent of its wealth, resulting in countless cases of divorce, suicide […]

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