Rockefeller Center

When Goldman Sachs employee Greg Smith handed in his letter of resignation, he did so in the most public manner possible – by posting it in the pages of The New York Times. In his letter, the former derivatives trader described the firm’s working environment as “toxic and destructive” and accused their culture of placing […]

The fallout from the News of the World  hacking scandal seems far from contained this morning, as U.S. lawmakers call for an investigation into whether any American laws were broken during the alleged hacking practices at News Corporation’s British newspaper  subsidiary  News International. Democratic Senators Barbara Boxer, Jay Rockefeller, and Frank Lautenberg, called for the FBI to investigate  the […]

Utah has the first law on the books encouraging residents to use gold or silver coins made by the Mint as cash. The legislation is called the Legal Tender Act of 2011. The law was inspired by Tea Party supporters who believe the dollar should be backed by gold or silver and worry that a […]

General Electric is fighting back against a report by The New York Times that the company did not pay any federal taxes last year. GE called the allegations, “inaccurate,” and “grossly oversimplified,” and said that it did pay almost $2.7 billion in cash income taxes in 2010, and in excess of $1 billion in payroll, […]

Companies are using every loophole they can find to get a tax benefit –  and it turns out they are doing it well. According to The New York Times, General Electric made $14.2 billion in profit last year, $5.1 billion of which came from its operations in the United States. But it turns out that not […]