The oil giant BP paid for cleanup and compensation for their massive Gulf oil spill, and rightfully so. But was this a "necessary and ordinary cost of doing business" that deserved a $10 billion tax break? I think most of us would respond with a resounding, "no!"
As the Mayflower lawsuits proceed and the Keystone XL northern half decision approaches, Mayflower can serve as a teachable moment as it applies to Keystone XL. Or it can serve as just yet another lesson not learned. Class begins now.
Reports of China's involvement in spying on U.S. corporations have generated debate in this country about how to punish its government and prevent the theft of valuable American trade secrets. But what if it were the reverse? What if a U.S. corporation spied on a sovereign nation?
While I would have preferred the first legal action taken by the securities fraud task force to have involved a perp walk, the strategy N.Y. Attorney General Eric Schneiderman is pursuing is an interesting one that has some promise.
Voter ID restrictions work for the rich. They've got birth certificates and photo driver's licenses and passports. Or they can send a servant or secretary to apply for the documents. And the more rabble removed from the polls, the more weighty the votes of the wealthy.