An insiders look
An insiders look at our CEOs take on the financial crisis and
how to mitigate further loss. Read
Article >
Key statement -
admitting they blew it...
"Myth Versus Reality - Notwithstanding the usual scapegoats, the crisis
was caused, in reality, by poorly understood risks, leadership failures, and
flawed business models."
Org charts of interest:
Key mistakes (page 6) |
An interesting take on Obama's statement "spread the wealth"
He would ...raise taxes on the affluent to a point where they
would eventually be slightly higher than they were under Clinton.
For these upper-income families... on top of the Bush reductions.
Obama would raise taxes on this top 0.1 percent by an average
of $800,000 a year.
It's hard not to look at that figure and be a little stunned.
It would represent a huge tax increase on the wealthy families.
But it's also worth putting the number in some context. The bulk
of Obama's tax increases on the wealthy -- about $500,000 of
that $800,000 -- would simply take away Bush's tax cuts. The
remaining $300,000 wouldn't nearly reverse their pretax income
gains in recent years. Since the mid-1990s, their inflation-adjusted
pretax income has roughly doubled.
To put it another way, the wealthy have done so well over the
past few decades, with their incomes soaring and tax rates plummeting,
that Obama's plan would not come close to erasing their gains. Read
Article > |
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