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Footnotes: Labor Day Weekend Edition | 08.31.12

That's it for us, capital market servants. We'll return Tuesday. Have a safe and laborless weekend!

Laboring In The Big 4 – A Labor Day Special Report A little flash from the past. [RTA]

World's richest woman says poor should have less fun, work harder Just in case you were beginning to think rich people were deeply misunderstood and that they feel the pain of those who are less fortunate, here's the world's wealthiest woman, Australian mining tycoon Gina Rinehart, with some helpful advice. "If you're jealous of those with more money, don't just sit there and complain," she said in a magazine piece. "Do something to make more money yourself — spend less time drinking or smoking and socialising, and more time working." [LAT]

The NFL Has Officially Run Out of Good Ideas [WSJ]

What Happened to Tax Reform at Mitt Romney’s Convention? [I]f this convention is any evidence, tax reform is no longer a major part of Mitt Romney’s argument. [TaxVox]

800 Stamford children to recieve [sic] books through KPMG donation [NP]

Norquist Goes Gaga for Hip-Hop Former Minnesota Gov. and onetime presidential candidate Tim Pawlenty is a fan of uberlobbyist Grover Norquist—and not just for the conservative icon’s crusade against taxes. While catching up with Norquist just off the convention floor, Pawlenty confided that Norquist has talents beyond political acumen. “He’s got some rap moves that I don’t think people fully appreciate,” Pawlenty said. “He’s a big fan of 50 Cent and Lady Gaga.” [NJ]

To Eliminate Income Tax Fraud, Simplify the Tax Code [Tax Foundation]

Please Do Not Prepare Your Tax Return Based on Anything You Read Here [DT]

Quebec Whodunit: 1/4 of Province’s Syrup Reserves Go Missing Sticky-fingered thieves made off with almost 30 million Canadian dollars (US$30.4 million) worth of maple syrup from a reserve warehouse in rural Quebec, the provincial body responsible for managing the production of maple syrup said late Thursday. That’s more than a quarter of the province’s extra supply—stored each year to protect producers’ from the ups and downs of global supply and demand. […] Despite the theft, the Federation said that there would be no immediate impact on world-wide syrup supply. [CRT/WSJ]


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