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Wall Street: Doom and Gloom After No-Good, Very-Bad Year How bad has the mood gotten on Wall Street? Judging by an article in the new issue of New York magazine, the answer is bleak indeed. Even as the broader economy shows signs of improving, Wall Street is coming off a year in which earnings — and the all-important bonuses dependent on them — were [...] In Latest Moves, Barnes & Noble is Betting it Can Compete With Amazon Barnes & Noble’s most recent gambit, a refusal to sell books published by its rival Amazon, shows that the country’s largest bookstore isn’t backing down from the e-tail giant. But will it pay off? Last week, B&N announced that it wouldn’t stock Amazon-published titles in its 700-odd stores. The massive Seattle-based  e-tailer has been expanding its [...] The Corporate Tax Rate Is Lowest in Decades; Is Business Paying Its Fair Share? As the nation frets over slow growth and large budget deficits, much has been made over how much Americas are and should be paying in income tax. President Obama and Democrats have argued that the wealthiest among us are not paying their fair share. They say the spoils of the globalization and the internet revolution have gone almost exclusively to the very wealthy, and that, in times of crisis, more should be asked of those who can afford to give. Those on the right counter that the wealthy pay their fair share and, more, that the top one percent pay a huge percentage of federal income tax receipts. But there is another source of federal revenues that receives less attention: corporate income taxes. According to the Wall Street Journal’s recent study of Congressional Budget Office numbers, corporations are paying an effective rate of 12.1%, the lowest in at least 40 years. So why are some of the biggest and most powerful entities in our society getting away with paying so little? The story is complicated, but the biggest factor in the recent collapse in corporate tax receipts appears to be a set of tax breaks built into recent stimulus efforts. Is American the Worst-Managed Airline in America? Members of the Transport Workers Union (TWU) were scheduled to vote on a new contract with American Airlines, or AA, this December that would have lowered the airline’s cost and outsourced hundreds of jobs that weren’t directly related to aircraft maintenance. They never got the chance because American instead filed for bankruptcy. On Wednesday AA [...] Dow, Nasdaq Surge to Post-Crisis Highs on Strong Jobs, Economic Data Wall Street enjoyed a broad-based rally on Friday as two key stock indexes rose to the highest levels since before the Great Recession, propelled by better-than-expected employment data released earlier in the day. The strong upward movement by stocks suggests that investors are gaining confidence in the U.S. economic recovery and putting money back to [...] Micron CEO Dies in Plane Crash (BOISE) — Steve Appleton, the chief operating officer and chairman of Micron, died Friday morning in a small plane crash in Boise, the company said. He was 51. Micron spokesman Dan Francisco confirmed Appleton’s death in a release, and trading in Micron stocks has been halted. Appleton, an avid pilot, was the only one in [...] January Jobs Report: Good News for the Economy, Bad News for the Pessimists Some Obama opponents are struggling to find a cloud in the silver lining of January’s jobs numbers, which estimated that there was a 243,000-job boost and a big drop in the unemployment rate, from 8.5% to 8.3%, last month. Their biggest gripe focuses on the size of the labor force: As the unemployment rate has trended down [...] Is ‘Made in America’ Back In Style? My grandparents had two criteria for buying a car: It had to be blue, and it had to be American. The last time they purchased a car was in the '90s, when American car companies didn't have the best reputations for quality or reliability. When a few members of the family's younger generation brought up the possibility of my grandparents considering Asian and European makers, it was as if we were suggesting that they commit treason. "We have to buy American," they said. End of conversation. Living through the Great Depression, World War II, and the Cold War ingrained upon my grandparents and their generation that buying American was just a way of life. You brush your teeth in the morning, and you buy American. That sentiment has slipped in succeeding generations, but there appear to be signs that, to some extent, it is returning. Unemployment Falls As U.S. Adds 243,000 Jobs The U.S. labor market continued to add new jobs in January, pushing the unemployment rate to the lowest level in nearly three years, in a sign that the economy is recovering from the worst recession in decades. The Bureau of Labor Statistics said January’s unemployment rate fell to 8.3% from 8.5% in December as the [...] Advertising Killed the Radio Star: How Pop Music and TV Ads Became Inseparable In the twisted, tangled marriage between popular music and television advertising, pop singers are penning songs for companies as TV spots break emerging artists.

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