Word: kadlec
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...that could remain impervious to market reactions over future tobacco suits. This could invite legal challenges by those with smoking-related illnesses who see the breakup as a ploy to protect the assets of the food division in anticipation of settlements from such lawsuits. But TIME finance columnist Dan Kadlec says RJR's payout days are likely over and the spin-offs are just a long-overdue business move...
...Daniel Kadlec...
...charitable foundations, whose names (if not functions) you may recognize: the William H. Gates Foundation and the Gates Learning Foundation. The former supports world health and human services programs, while the latter helps libraries in poor neighborhoods obtain software and computer services. TIME magazine Wall Street columnist Daniel Kadlec says that this is believed to be "the largest charitable donation by any individual. The donations are a testament not only to Microsoft's huge success, but also to the incredible wealth that is being made across Silicon Valley." Of course, notes Kadlec, "the man is worth over $70 billion...
...latest statistics from the Joint Committee on Taxation confirm what has been a long and disturbing trend. "The burden on the middle class has always been outsize," says TIME columnist Daniel Kadlec. "The last tax reform law simply did not include enough people." While it's good that low-income households are benefiting from tax breaks, Congress has failed to consider that married cops and schoolteachers, in households where both spouses work, can now jointly earn $100,000 a year. "But in big cities like New York or Chicago, that hardly makes them rich," says Kadlec...
...Daniel Kadlec writes a column about personal finance and Wall Street for TIME