The Second Dip of W in a time of class struggle and financial cholera
Fascinating times, the crises of capitalism hits it's next speed wobble as the second dip in the W aligns itself and Phil's taking it to the barricades...
Labour's tax rise
A Labour government was likely to put the top tax rate back up if it is reduced in next month's Budget, Leader Phil Goff indicated yesterday. "If there's going to be tax cuts they should go to the middle and lower income earners, not simply the privileged elite," he said.
...great maybe Phil can help show Sam where a Tax office is...
No tax for Trade Me millionaire
Wellington-based Trade Me founder and philanthropist Sam Morgan says he doesn't pay tax. "I pay basically no tax," said the entrepreneur, who founded Trade Me in 1999 and sold it in 2006 to Australian publisher Fairfax for more than $700 million.
...and the banks have their knives out...
Trend for banks to pull plug on ailing small businesses
The trend by banks in Australia to wind up small businesses that have fallen behind is likely to take off in New Zealand, a business turnaround specialist says.
...the full impact of the 1929 stockmarket crash wasn't felt until 1934 with 20% unemployment in the US. Our crash was 2008.
What better symbolic scalp for the corporate financial elite than the birth place of democracy?
Greece's budget deficit worse than first thought
Greece had a far larger budget deficit than expected last year and the figures may yet get worse, according to the European Union's statistics office.
And the financial corporate pirates who have turned sovereign funds into the new sub prime mortgage market are running out of places to hide...
Goldman Sachs accused of fraud by US regulator SEC
Goldman Sachs' chief executive, Lloyd Blankfein, is being sued by shareholders. He and other company officials have been named in two new lawsuits filed on Thursday. The cases are related to fraud allegations brought last week by the US federal government.
And all the while, the so called regulators were too busy jerking off to regulate. Oh the hilarity.
Finance watchdogs busted for cruising porn sites
Senior staffers at the US Securities and Exchange Commission spent hours surfing pornographic websites on government-issued computers while they were being paid to police the financial system, a report shows.