If you haven’t heard, JP Morgan Chase posted a $2B trading loss last week. Almost immediately following the announcement were calls for stricter financial oversight. Maybe it’s just me, but I don’t understand what the big deal is. JP made a bad bet and they lost money. If banking regulators were so smart as to [...]
Shockingly or not, depending on your position, 38 Studios is in a bit of a pickle — cash flow is starting to become an issue for them. At the end of last week they contacted the State to look for assistance. I thought this was a dumb move from the outset. It never made sense [...]
Let’s just get this right out of the way — Obama’s speech where he noted his “evolved” position on gay marriage didn’t change anything, and the fact that Obama has done virtually nothing that gays can claim is exemplary is proof enough to me that he doesn’t really support equal rights — that he does [...]
For those who either live under a rock or are not from RI, I’m talking about 2 situations in which 2 cities are/were involved in lawsuits requesting the take down of religious icons. The issue in Cranston occurred first, an issue regarding a prayer banner that was on display in one of the city high [...]
Obama’s tax returns [...] show that he paid a 20 percent effective tax rate on his $790,000 income—slightly lower than his secretary’s and a whole four points lower than the average rate for people in his income category. He could have easily avoided this by filing his tax returns the way he advocates millionaires do—by forgoing all deductions. But he didn’t.Shikha Dalmia
Anyone who was paying attention knew that the “Buffett Rule” championed by President Obama and RI’s own Senator Whitehouse was nothing more than a political stunt meant to score points during an election year. It was estimated to raise an average of $4.7B per year (pennies when the 2011 deficit was nearly $1T) by setting [...]
This picture c/o Politico and Matt Wuerker’s Pulitzer Prize winning cartoon If nothing else, what I found most interesting was the depiction of taxes as a fire hydrant, as if it’s some nearly unlimited source that can fix what our budget deficit. What Mr. Wuerker must not realize is that our deficit and debt problems [...]
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