More of tha pure fiction My family - Richest 1% Now Own Half Of World’s Politicians
Public Service Commissioner John Lloyd condemns strike as cynical and disruptive
NY Times, 12/2/16. Both studies suggest that “weight of evidence” reporting is an imperfect remedy. It turns out that hearing from experts on both sides of an issue distorts our perception of consensus — even when we have all the information we need to correct that misperception.
If Google and Facebook can flip elections does code now rule the real world? New Internationalist
3. An excerpt from Todd Rose’s The End of Average, a book with almost entirely original anecdotal examples.
- See more at: http://marginalrevolution.com/#sthash.hepQ9Ybo.dpufAn excerpt from Todd Rose’s The End of Average, a book with almost entirely original anecdotal examples.
Knowledge @Wharton, 3/3/16. Offshoring, reshoring, nearshoring — manufacturing and supply chains around the world are undergoing some seismic locational shifts, many of which the conventional wisdom did not see coming, and for reasons that may surprise you.
New York millionaires pen letter asking governor for tax hike
The Guardian, 4/3/16. In a sign of the autonomous security of the future, a $2m contest wants teams to build a system that can exploit rivals’ vulnerabilities while fixing its own
TaxGrrrl, You Can Thank Excise Taxes For Guinness Stout. That wouldn’t have occurred to me
Robert Wood, Confusing Personal With Business On Your Taxes Can Mean IRS Penalties Or Jail Expecially when “confusing” means “pretending.”
The Enduring Employment Impact of Your Great Recession Location Danny Yagan. Exactly like ObamaCare. Some people go to Happyville, some people go to Pain City, the suffering is random with respect to jurisdiction, and there’s no help for it.
Half of U.S. May Endure ‘Lost Decade’ of Depressed Employment WSJ. So the greatest recovery ever won’t reach half the country ’til the 2020s. Thanks, Obama!
Something really weird is driving inequality in the UK and economists don’t understand why it’s happeningBusiness Insider. Will Upton Sinclair please pick up the nearest white courtesy phone
Report of 10,000 severe workplace injuries might be only half the problemWaPo
Calculate Your Economic Risk NYT.Here is the calcuator. I’m not sure I’m impressed.
The World Bank Is Supposed to Help the Poor. So Why Is it Bankrolling Oligarchs? Mother Jones
“IRS attention to auditing very large and giant corporations has plummeted from FY 2010 through the first five months of FY 2016. This is a consequence of Congress’s continued sharp cuts in IRS budgets, according to a new analysis of agency records by the Transactional Records Access Clearinghouse (TRAC) at Syracuse University. The likely result: even steeper reductions in government revenues. Among the Key Findings:
- Revenue agent hours aimed at corporations with $250 million or more in assets in the period from FY 2010 through FY 2015 period have declined by more than a third (34%), while unreported taxes uncovered by IRS that would otherwise have been lost to the government dropped by almost two thirds (64%).
- Declines were even sharper for the giants of the business world — those with $20 billion or more in assets.
- Even more recent data through February of 2016 indicate that business audits of large companies are running 22 percent lower this year than for the same period last year.
- As a result, the potential loss to the government now amounts to $15 billion or more a year.
- This report on IRS audit and collection practices is the latest in a series of such special studies that have been posted on TRAC’s IRS website since March 1997. For more details, IRS Cutbacks Result in Billions in Lost Revenue”
The Untold Story of Why the SEC Paid Whistleblower Eric Hunsader $750,000 Pam Mertens and Russ Martens. Not a great headline but a good piece. Another example of SEC window-dressing, this time on HFT…
The SEC doesn’t release the names of its whistleblowers but Hunsader alerted the media himself to his award in order to silence critics and one particular executive at the New York Stock Exchange who had, heretofore, disparaged in public Hunsader’s allegations about the NYSE’s discriminatory dissemination of market data in order to benefit high frequency traders.
Jack Townsend, Tax Court Holds FBAR Penalty Collected Is Not in the $2,000,000 Threshold for Whistleblower Award under § 7623(b)
The CalPERS Soap Opera: Getting Weirder and Weirder Tony Butka, CityWatch