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Stock buybacks and corporate cashouts

By Robert J. Jackson (originally published by Securities and Exchange Commission) - Thank you so much, Neera, for that very kind introduction. I’ve long admired all that you and everyone here at the Center for American Progress do to promote a progressive economic agenda… [Cross-posted from Securities and Exchange Commission publication of June 11, 2018 at https://www.sec.gov/news/speech/speech-jackson-061118]

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A prize masking a dilemma: the problem with stock buybacks

By Arthur S. Guarino (originally published by Foreign Policy News) - Stock buybacks are gaining in popularity among publicly-owned corporations and many of their shareholders. However, the financial implications for the corporation could be masking serious long-term problems and possibly hurt rather than help shareholders… [Cross-posted from Foreign Policy News publication of June 9, 2018 at http://foreignpolicynews.org/2018/06/09/a-prize-masking-a-dilemma-the-problem-with-stock-buybacks/]

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Tim Cook’s ‘not even a quarter-baked’ justification for Apple’s $100 billion stockbuybacks has baffled some economists

By Kif Leswing (originally published by Business Insider) - Apple is about to embark on a record-breaking period of share buybacks. The iPhone maker is going to spend an additional $100 billion over a period of years to buy its own stock, a move that was made possible by tax reform legislation last December… [Cross-posted from Business Insider publication […]

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Sorry, Warren Buffett, buybacks aren’t that simple

By Joe Nocera (originally published by Bloomberg) - So Warren Buffett is “delighted” that Apple Inc. has decided to buy back $100 billion worth of its own stock. And really, why wouldn’t he be?… [Cross-posted from Bloomberg publication of May 8, 2018 at https://www.bloomberg.com/view/articles/2018-05-08/apple-s-stock-buyback-isn-t-as-simple-as-warren-buffett-says]

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Apple says it will buy back $100 billion in stock

By Jack Nicas (originally published by The New York Times) - Since Apple said in January that it would bring back most of the $252 billion it held abroad under the new tax law, investors have wondered what the company would do with the enormous cash pile… [Cross-posted from The New York Times publication of May 1, 2018 at https://www.nytimes.com/2018/05/01/technology/apple-stock-buyback-earnings.html]

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Big 4 US banks driving lion’s share of industry buybacks

By Brian Cheung and Venkatesh Iyer (originally published by SNL Financial Extra) - The Big Four U.S. banks have fueled a stock buyback frenzy in recent years, despite facing the tightest regulatory capital constraints in the industry. Regulators and lawmakers are now considering loosening some of these capital controls, which could lead to even more share repurchases… […]

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The vapid defense of share buybacks

By Harold Meyerson (originally published by American Prospect) – This past Sunday, with the share buybacks of American corporations at an all-time high, The Washington Post business section ran a major piece documenting buybacks’ rise and giving the arguments for and against the practice… [Cross-posted from American Prospect publication of April 20, 2018 at http://prospect.org/article/vapid-defense-share-buybacks]

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America’s biggest companies are announcing buybacks. But whose cash is it, anyway?

By Thomas Heath (originally published by The Washington Post) - America’s 500 biggest public companies in 2018 are expected to distribute up to $600 billion or more through stock buybacks… [Cross-posted from The Washington Post publication of April 13, 2018 at https://www.washingtonpost.com/business/economy/americas-biggest-companies-are-announcing-buybacks-but-whose-cash-is-it-anyway/2018/04/13/c9f1ccdc-3c06-11e8-8d53-eba0ed2371cc_story.html?utm_term=.86f970e51974]

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Trump’s reversal on Trans-Pacific Partnership ca be explained by a current art show and a new book

By Charles Mudede (originally published by The Stranger) - The Washington Post reports that Donald Trump now wants the US to rejoin the Trans-Pacific Partnership, a “multination trade agreement he pulled the United States out of shortly after taking office… [Cross-posted from The Stranger publication of April 12, 2018 at https://www.thestranger.com/slog/2018/04/12/26036360/trumps-reversal-on-the-trans-pacific-partnership-can-be-explained-by-a-current-art-show-and-a-new-book]

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