Working Life

   Have you evah wondered whether companies are just plum out of cash? Well, you’d be wrong: The Federal Reserve said in a quarterly snapshot of financial flows Friday that U.S. companies continued to accumulate profits instead of spending them. Holdings of cash and other liquid assets at nonfinancial companies rose to $2.047 trillion in […]

Read the full story

   I’m about to dash off to a protest at the main postal office here in Manhattan for a Tax Day demonstration sponsored by US Uncut, the NY chapter of the Coffee Party and assorted other malcontents like me. In that spirit, I thought it worth leaving us with this list of the corporate tax […]

Read the full story

   Every CEO running a big multi-national company in America knows that, when times are tough, they have one sure way to save a lot of money and a place to go for cash: the U.S. Treasury. This is nothing new. But, today, we have two flashing red lights about how your money is being […]

Read the full story

   What does it mean when corporate profits are up–but people aren’t buying enough to sustain those profits? As in this report today via The Wall Street Journal: A record number of U.S. companies beat earnings expectations in the third quarter, but a big portion of their profits came from cost-cutting, disappointing investors who were […]

Read the full story

   I was drinking my morning Joe here and, lo and behold, there is breaking news on the website of The Wall Street Journal: Exxon Mobil Corp. sets quarterly profit record for U.S corporations at $14.83 billion. Revenue rose 35% to $137.7 billion.    A profit record. Meaning, biggest ever. Revenue rose because millions of […]

Read the full story