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Friday, Jan 18, 2002

sunshine laws

"Offshore accounts. IBCs. Walking trusts. Financial institutions have plenty of names for the places where the wealthy now hide their money from the IRS. They just don't call it cheating."

Thursday, Jan 17, 2002

name of the rose

finally.

man of the year

"Everyone knows that Rudy Giuliani went out on top, ending his operatic eight-year reign over New York City as the Person of the Year. But hardly anyone noticed that he left behind a parting gift. On his last day in office, Rudy signed an agreement to proceed with the largest corporate subsidy in New York history: up to $1.1 billion in cash and tax breaks for the New York Stock Exchange. Even when the deal was announced three years earlier, it committed money the city didn't really have to a new trading floor the exchange didn't really need in order to generate a new skyscraper no one really wanted in response to a flee-the-city threat no one really believed. And that was before the city began to hemorrhage cash, skyscrapers began to look like targets, and flee-the-city threats began to feel like municipal treason."

i did not have financial relations with that company

"Until a few weeks ago, Enron Corp. ranked among the biggest contributors to lawmakers and campaign committees of both parties. But now that the Houston-based firm is considered politically radioactive, members of Congress and party officials are devising ways to give away hundreds of thousands of dollars in Enron donations to distance themselves from the company's woes."

auditory nerve

"I know how tough a task this is. When I was chairman of the Securities and Exchange Commission, we put into place a number of reforms to improve audits and minimize conflicts of interest. But we were largely unsuccessful in persuading accounting firms to separate their auditing businesses from their consulting businesses and in convincing the auditing profession to do a better job of policing itself. Congress and federal regulators should use this scandal to demand some long overdue changes."

nothing to sneeze at

Study Suggests Booze Boosts Allergic Reactions

blackhawk downs

"But now certain members of the MoMA brass � Glenn Lowry, the Modern's director, and Mary Lea Bandy, head of the Department of Film and Media � have shut down the Stills Archive. They are burying the collection in a patch of earth 2-1/2 hours by car from Manhattan: in Hamlin, Pa., where the Museum stores its films. With this one ill-considered stroke, a significant portion of our collective cultural memory was just struck with amnesia. The decision echoes the final words in "Kane," when the cynical butler snaps, to a workman holding an old sled, "Throw that junk." And Rosebud goes into the fire."

hoop dreams

"The featured celebrities usually aren't much older than Lebron, but they are a heck of a lot wealthier. At least until March 23, 2003, the day after Lebron James presumably wins his fourth state high school championship, the day he can declare for the NBA Draft, the day the floodgates of wealth can open, the day the lines of credit can be established, the day corporate America can start showering millions on a family that will finally be able to go from nothing to everything quicker than a crossover"

Wednesday, Jan 16, 2002

manila wafers

there was a report on hotline this morning linking to a spanish newspaper which said three american special ops had been killed in the philippines but by the time i tried to find it it was gone. hotline has erased the link and i havent seen anything else about it although i havent looked very hard yet. this links to a time report on our latest engagement in the philippines.

tax relief

"Kennedy said taxpayers earning less than $130,000 would not be affected by the delayed income tax cuts he proposes and that higher-income people "will still be receiving billions of dollars in new tax breaks" even if Congress enacted his proposal.

"Future additional tax breaks for the wealthy do not deserve a higher priority than strengthening education, or covering prescription drugs under Medicare, or protecting Social Security, or meeting other urgent national priorities," Kennedy said."

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