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Bill Perston Summer of this year, The New York Times published an excellent short article by David Leonhardt concerning the American corporate tax system and the potential for its reform in the near future. One of the key points in the piece is the remarkable variation in the corporate tax …

Low inflation was the topic of the Fed today as they announced that they will continue a vast bond-buying program to combat low inflation. Low inflation has the propensity to hamper a slowly recovering American economy. In an announcement that was made this week, the Fed has committed to purchasing …

The second quarter of 2013 has been immensely profitable for the Ford Motor Co. As a matter of fact, it’s been one of its most profitable quarters in corporate history. During the first six months of this year, the second largest automaker in the U.S. posted record profits. Ford Hauled …

In an odd twist of financial news, a recent Pay Pal system error made a man in Pennsylvania one of the wealthiest men on the planet, albeit temporarily. In fact, for a period of approximately 120 seconds, he was the wealthiest man in the world by far—even wealthier than Mexican …

As the gigantic book retailer Barnes & Noble bowed to the mighty fists of Amazon and Apple in the tweener tablet wars, CEO William Lynch has also bowed out of his executive position at the company as the corporation shifts its stance and begins to phase out the color Nook …

A rather unexpected and hearty June jobs report by the U.S. government could actually motivate the Fed to halter stimulus bond-buying as soon as September, analysts say. Last month, more than 195,000 jobs were added in the nation. This places the average monthly figure for jobs added in 2013 to …

The Obama administration is winning over some fans who are owners of medium-sized businesses, thanks to a recent announcement that their timeframe to comply has been moved from January, 2014 to January, 2015. The changed compliance date now provides mid-sized and large businesses with more time to seek affordable healthcare …

From the lips of Russian President Vladimir Putin to the rest of the world, particularity the United States, Edward Snowden must stop “damaging our American partners.” That was the underlying tone in a recent statement that Putin made to the press relating to elements of rogue ex-NSA contractor, Snowden, who …

Pending home sales were up more than 6.7 percent over this past month, the largest jump of previously owned homes for sale in more than six years, since the beginning of the Great Recession, according to the National Association of Realtors (NAR). As mortgage rates start to climb – in …

The long awaited decision regarding same-sex marriage was issued by the Supreme Court this week, and the verdict is that they should enjoy the same right rights as opposite sex couples do. The decision opens the doors to more than a thousand federal benefits that married couples enjoy but that …

In a tightly contested 5-4 vote, the Supreme Court moved to prevent makers of generic drugs from being held liable against defective products. The precedent was set by a ruling in favor of Mutual Pharmaceutical Co, which is owned by Sun Pharmaceutical Industries, Ltd. The ruling overturned a previous multimillion …

According to a recent report that was issued by the Federal Aviation Administration (FAA), the overseeing administrative body of the airline system in the U.S. is indicating that they may loosen the restrictions on the use of personal electronic devices during takeoff and landing, a precondition that has frustrated countless …

This week, the G8 Summit convened at the Lough Erne resort near Enniskillen in Northern Ireland as the world’s eight most prosperous industrialized nations met to discuss a laundry list of issues that the international community faces. At the forefront of topics being discussed is the Obama proposed reduction of …

According to a recent report by the California Association of Realtors, home prices in California are at the highest levels they’ve been in more than three decades. The report highlighted that during the month of May, the median selling price on single family residences was at an average of $417,350 …

The state-appointed emergency manager for the city of Detroit, Kevyn Orr, tasked with managing the city’s debt windfall alongside of a team of experts, has arrived at the conclusion for eradicating Detroit’s debt. The city recently stated that it was defaulting on more than $2.5 billion in debt, but made …