• Doing deals between angry parties – ‘Shouting Is Good – or at Least Not Necessarily Bad’ [BBC]
• Economy in U.S. Expands for First Time in More Than a Year – There is the unemployment thing… [Bloomberg]
• Galleon paid banks millions for ‘edge’ – $250 mil just last year. [FT]
• Accountant Sentenced to House Arrest in UBS Tax Case – Stephen Rubenstein is the first UBS scofflaw to be sentenced. [AP via NYT]
• Ask the taxgirl: Donating an Engagement Ring – Somebody wants it. [Tax Girl]
Related Posts
Preliminary Analytics | 09.28.09
• U.S. Increases Cases Against Tax Evaders – Every couple of weeks, the Service is expecting to make new scofflaws public. They describe it as a ‘great success for the government’ which is an odd combination of words. [Reuters via NYT]
• Phone Calls Add to Din Over Loans – “Rep. Darrell Issa of California, the ranking Republican on the House Oversight and Government Reform Committee, is trying to subpoena the remaining records of Countrywide’s VIP loan program. So far, the committee’s chairman, New York Democratic Rep. Edolphus Towns, has turned down that request.” And some of the tapes have been destroyed anyway. So that could turn out to be a hell of a problem. [WSJ]
• Harkin: ‘Public Option’ Will Be In Final Health Bill – Maybe. Hark also thinks it’ll be done by Christmas. There’s that whole tricky navigation of politics to deal with though. [NPR]
• Xerox to Buy Affiliated Computer for $6.4 Billion – “The acquisition is Chief Executive Officer Ursula Burns’s first since taking over the world’s largest maker of high-speed color printers in July. The transaction helps her expand into a market the company values at about $150 billion and gives her a foothold in managing administrative operations for multiple arms of the U.S. government.” Handling anything for the feds gets you closer to the money printing machine, so that’s not a bad thing. [Bloomberg]
Preliminary Analytics | 08.03.09
• UBS not to pay fine in U.S. tax settlement: reports Chocolate solves everything. [Reuters]
• Jobless graduate sues her college Worth a shot, no? [BBC]
• Goldman Sachs’ reputation tarnished – Being referred to as a “vampire squid on the face of humanity” certainly couldn’t have helped. [FT.com]
• HSBC, Barclays profits hit by surge in bad debt [Reuters]
• Bank Spy Scandal Widens – “A detective at the center of the Deutsche Bank AG spying affair says the international banking giant’s effort to monitor its critics was more extensive than previously disclosed in that it involved a plan to target as many as 20 people, including a number of investors.” We’re thinking that a spy scandal is probably the last thing the banking industry needed. [WSJ]
Preliminary Analytics | 09.09.09
• War of Words Heats Up Over Cadbury – “Kraft Foods Inc. ratcheted up the rhetoric in its takeover battle for Cadbury PLC Tuesday, with the U.S. food giant dismissing criticism that the $16.8 billion offer is too low, as the two sides dug in for what is likely to be a months-long merger saga.” This will be the new story that involves confectionary in the coming months.
• Madoff’s Belgian Shoes Stashed as U.S. Markets Home – Shoes only get mentioned once but dog feces being thrown at the marshals gets mentioned at least twice. A title change may be in order. [Bloomberg]
• Goldman chief hits at ‘useless’ banking – Stemming the tide LB? [FT]
• July consumer credit falls a record $21.6 billion – “July consumer credit outstanding fell at a 10.4 percent annual rate to $2.47 trillion”. In other words, people are either wising up or we not interested in helping participating in the economic recovery. [Reuters]