Showing posts with label Goldman Sachs. Show all posts
Showing posts with label Goldman Sachs. Show all posts

Wednesday, February 6, 2013

U.S. Corporations Haven’t Been Paying The Full Corporate Tax Rate For 45 Years

U.S. Corporations Haven’t Been Paying The Full Corporate Tax Rate For 45 Years: In 2011, U.S. corporations paid a 12.1 percent effective corporate income tax rate, a 40-year low. The statutory corporate tax rate is 35 percent, but companies drive their rates fare lower due to the proliferation of loopholes and deductions and the growing use of offshore tax havens. This isn’t a new problem, as Goldman Sachs’ [...]/p

Tuesday, January 29, 2013

Goldman Sachs Made 400 Million in 2012 Manipulating Food Commodities Derivatives

Goldman Sachs Made 0 Million in 2012 Manipulating Food Commodities Derivatives
"Some will point to ever increasing food costs as their proof of inflation caused by an expansionary monetary policy by the Federal Reserve, but that’s not true.  Food costs and other must have commodities are being manipulated by Wall Street so that every time you buy a loaf of bread – you’re funding the bankers.  Every time you buy tortillas – you’re giving pennies at a time to bankers.  Goldman Sachs has invested $44 TRILLION into derivatives (source) with an unknown amount of that being funneled directly into commodities.  They’re cornering the market to make sure they extract their pound of flesh.  Worse yet – they’ve sued the Obama administration for implementing regulations that would limit how banks can manipulate food prices.  The courts ruled on behalf of the banks and against the Obama administration."

Tuesday, January 22, 2013

Goldman Sach's Food Speculation Turns Global Hunger Into Wall Street Profit | Common Dreams

Goldman Sach's Food Speculation Turns Global Hunger Into Wall Street Profit | Common Dreams
"As the world's most vulnerable populations succumb to surging global food prices—driven in part by drought, climate change, and a global food system increasingly vulnerable to the whims of commodity speculation—Goldman Sachs has managed to turn the poverty and suffering of others into profits for itself."