According to the NYTimes.com, the Steven J. Baum P.C. law firm, which was also the company whose employees dressed up as homeless people at a Halloween party in 2010 is closing.
Some may claim this is an example of the “pc police” ruining lives, however it should be noted that last year a state judge in Brooklyn called one of the company’s foreclosure’s “incredible, outrageous, ludicrous and disingenuous.”
There was also the small matter of the firm paying the federal government a $2 million penalty as a result of their unscrupulous business practices.
I hope they saved those Halloween costumes, as some of the laid off employees will no doubt soon be referring to them as “everyday wear”.
Congress Tries to Keep Pizza as a Vegetable On School Lunch Menus
The US House of Representatives is trying to declare pizza a vegetable for federally funded school lunch menus.
Corey Henry, spokesman for the “American Frozen Food Institute”, no doubt a real man of science, stated:
“Our concern is that the standards would force companies in many respects to change their products in a way that would make them unpalatable to students,”
“Unpalatable to students”? Apparently society must give students what they want and only what they want. Is it time to declare that homework is actually in violation of child labor laws?
Got Into Harvard by Providing False Information & Now Back in Jail
The Harvard Crimson reported that Adam B. Wheeler, aka the guy who falsified his way into Harvard is back in jail after violating the terms of his probation by allegedly submitting a resume stating he had attended Harvard.
Continuing this hoax was not really the smartest move on the part of Mr. Wheeler. What is he – a self-loathing Yale man? Ha! Actually, I can make that joke since I graduated from Yale. Well, that isn’t exactly true, but it is so much easier to just type the four letters in Yale than my actual alma mater which was The University of Phoenix School of TV and VCR Repair.
A quick bit of advice to anyone looking at attending a “for profit” university, you might want to check out your local community college first. If I had done that instead of going to Yale, or as I call it TUoPSoTVaVCRR I wouldn’t be saddled with so much student loan debt that I can’t even afford my own TV or VCR. Thankfully the shelter lets me tinker with theirs after hours.
60 Minutes aired a report in which it claimed that politicians have used private information to make stock trades, i.e. “soft corruption”. While it doesn’t appear that any of the politicians actually broke the law with their questionable stock trades, that is probably because U.S. insider trading laws don’t apply to members of congress.
According to a report released by the Citizens for Tax Justice the effective tax rate for the 280 most profitable corporations & companies in 2009-2010 was 17.3%, just a bit less than the often touted 35% statutory corporate tax rate. A few interesting corporate tax facts from the report:
Wells Fargo alone managed to get almost 18 billion in corporate tax breaks over the last 3 years.
Pepco Holdings actually had a NEGATIVE tax rate of 56.7% over that three year period. Remember, Pepco Holdings was an extremely profitable company during this time. I wonder why?
The top ten defense contractors watched in shock and awe as their combined tax rate fell from 19.3% in 2008 to 10.3% in 2010.
It is a very interesting report, with much more sad and bad corporate news, so check out the whole thing on the CTJ.org website.