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Tag Archives | Value Extraction

Stock buybacks (Interview with William Lazonick)

By Arnie Arnesen (originally published by The Attitude with Arnie Arnesen) – Interview with William Lazonick Click HERE to listen the interview [Cross-posted from The Attitude with Arnie Arnesen broadcast of March 7, 2018 at  http://www.wnhnfm.org/category/attitude-3/page/11/]

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The big and possibly dumb buyback boom,

By Justin Fox (originally published by Bloomberg View) - Buybacks are really popular right now! In February, according to research firm TrimTabs, U.S. corporations announced $153.7 billion in share repurchases – a new one-month record. Investment strategists at JPMorgan Chase & Co. estimate that buybacks will total more than $800 billion this year, which would also be a record… [Cross-posted from Bloomberg View publication of March 6, […]

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The big and possibly dumb buyback boom

By Justin Fox (originally published by Bloomberg View) - Buybacks are really popular right now! In February, according to research firm TrimTabs, U.S. corporations announced $153.7 billion in share repurchases – a new one-month record… [Cross-posted from Bloomberg View publication of March 6, 2018 at https://www.bloomberg.com/view/articles/2018-03-06/the-big-and-possibly-dumb-boom-in-corporate-share-buybacks]

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It’s time to ban stock buybacks

By Justin Miller (originally published by The American Prospect) – In the aftermath of the Trump tax cuts, Republicans have endlessly crowed about how corporations are using their newfound savings to give their employees wage hikes and bonuses… [Cross-posted from The American Prospect publication of February 8, 2018 at http://prospect.org/article/time-to-ban-stock-buybacks]

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Workers won’t profit from corporate tax windfall

By Joe Nocera (originally published by BloombergView) - Even before the Republican tax bill was signed, companies were lining up to take advantage of one of its key provisions: the new, lower rate designed to lure profits earned abroad back to the U.S… [Cross-posted from Bloomberg View publication of December 21, 2017 at https://www.bloomberg.com/view/articles/2017-12-21/workers-won-t-profit-from-corporate-tax-windfall]

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How economists turned corporations into predators

By Lynn Parramore (originally published by Institute for New Economic Thinking Perspectives) - In a new Institute for New Economic Thinking Perspectives (INET) paper featured in the Financial Times, economist William Lazonick lays out a theory about how corporations can work for everyone – not just a few executives and Wall Streeters. He challenges a set of controversial ideas […]

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Donald Trump’s trickle-down delusion on tax

By Rana Foroohar (cross-posted from Financial Times) - If there were still any doubt that President Donald Trump is a trickle-down economics guy rather than a populist, consider his new tax plan. It would represent the largest set of cuts since the era of George W Bush… [Cross-posted from Financial Times publication of October 1, 2017 at https://www.ft.com/content/736ca456-a50f-11e7-b797-b61809486fe2] Financial Times article […]

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IBM now has more employees in India than in the U.S

By Vindu Goel (originally published by New York Times) - IBM dominated the early decades of computing with inventions like the mainframe and the floppy disk. Its offices and factories, stretching from upstate New York to Silicon Valley, were hubs of American innovation long before Microsoft or Google came along… [Cross-posted from New York Times publication of […]

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The Rentiers are Here

By Stephanie Blankenburg and Richard Kozol-Wright (originally published by Project Syndicate) - Since the 2008 financial crisis, policymakers and international institutions have regularly expressed concerns about widening income inequality and its unwelcome political consequences. More often than not, they attribute the problem to “exogenous” factors such as global trade and new technologies… [Cross-posted from Project Syndicate publication of September […]

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