Word: businessese
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I was reminded of the power of the Pentagon corporation last fall when I followed Gates on his visit to the modern-day riveters of Oshkosh, Wis. We went to a factory where they were manufacturing off-road vehicles that could withstand the Afghan Taliban's powerful new IEDs. The...
But, says Raymond Baker, executive director of Global Financial Integrity, the capital-flight argument is similar to the businesses' objection to the 1977 Foreign Corrupt Practices Act, which outlawed overseas bribery. U.S. businesses would be at a competitive disadvantage, it was warned. Over time, though, America's example set a...
Like what? One approach is to lay on a heavy cost of being big. Too-big-to-fail banks should have a capital cost that will make it a disadvantage to compete in the riskiest parts of the financial-services market. I also like President Obama's recent proposal, the...
Under pressure from the E.U., France also said it would seek to bring its deficit to under 3% by 2013, although that is based on optimistic economic growth levels of at least 2.5% annually. Meeting those targets gets even more challenging with the tax cuts that President Nicolas Sarkozy keeps...
A healthy dose of guarded capitalism is what America needs. Obama’s proposals, one of which is a $33 billion-dollar business tax credit, will shore up many failing small businesses in America’s heartland by providing a tax credit for each net hire by a...