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Monthly Archives: April 2012

Turning the Tide on Austerity

Surprisingly, despite a larger government, France is not showing many symptoms of the government dragging on the economy.

Yes, the French have chosen to allow the government to perform more functions than in many other countries, but economic growth has not been notably worse than its neighbors, and its public debt burden is on par with Germany and the United Kingdom. Despite ideological wishes to the contrary, there is little evidence that countries that choose to have a larger government (within a reasonable range) perform worse economically.

Read the rest of the article here.

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How Apple Sidesteps Billions in Taxes

Just how low is Apple’s actual tax rate?

As it stands, the company paid cash taxes of $3.3 billion around the world on its reported profits of $34.2 billion last year, a tax rate of 9.8 percent.


To find out how they achieve such a low rate, go here.

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Economy’s Biggest Drag Right Now Is Government

Government has become its own worst enemy when it comes to the economy, with public spending putting a damper on growth that otherwise continues at a steady if unspectacular pace.


Read the rest here, from CNBC’s Jeff Cox.

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Strong April Results Push 2012 Auto Sales Forecast to 14.4 Million Vehicles

SANTA MONICA, Calif.–(BUSINESS WIRE)–April auto sales will continue at the strong pace set in the first quarter for an estimated Seasonally Adjusted Annual Rate (SAAR) this month of 14.4 million light vehicles, according to Edmunds.com, the premier online resource for automotive information. The surging sales performance so far this year has forced Edmunds.com to revise its 2012 auto sales forecast from 13.6 million to 14.4 million units.


Read the rest here.

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The Trust Molecule

Why are some of us caring and some of us cruel, some generous and some greedy? Paul J. Zak on the new science of morality— and how it could be used to create a more virtuous society.

Read it here.

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Rahmbo: No Person or Business Will Move to Illinois

Things are getting bad enough in the Land of Lincoln that even Rahm is calling out his fellow Democrats for their failure to control spending:

Unless Illinois enacts reform quickly, he said, the costs of these programs will force taxes so high that, “You won’t recruit a business, you won’t recruit a family to live here.”

“Companies don’t want to buy shares in a phenomenal tax burden that will unfold over the decades,” the Chicago Tribune observed after Mr. Emanuel issued his warning on April 4. And neither will citizens.


Read the rest here.

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