Tag Archives: bonds

The Lure of Taxable Debt

The Lure of Taxable Debt
Some universities have started forgoing their ability to issue tax-exempt bonds, long considered a benefit of their nonprofit status. Issuing taxable bonds instead makes sense under market conditions that defy conventional wisdom and allows institutions to avoid additional regulations on tax-exempt bonds, according to officials at an annual conference of college business officers. Read more

Why We Need a New Kind of Open Cooperatives for the P2P Age

Why We Need a New Kind of Open Cooperatives for the P2P Age
The cooperative movement and cooperative enterprises are in the midst of a revival, even as some of their long-standing entities are failing. This revival is part of an ebb and flow of cooperativism, that is strongly linked to the ebb and flow of the mainstream capitalist economy. After systemic crisis such as the one in 2008, many people look at alternatives. Yet, we can’t simply look at the older models and revive them, we have to take ... Read more

Infrastructure Sticker Shock

Infrastructure Sticker Shock
A general rule for government bonds is that they double the cost of projects, once interest has been paid. The San Francisco Bay Bridge earthquake retrofit was originally slated to cost $6.3 billion, but that was just for salaries and physical materials. With interest and fees, the cost to taxpayers and toll-payers will be over $12 billion. The bullet train from San Francisco to Los Angeles, another pet project of Jerry Brown and his ... Read more

What Happens After the U.S. is Downgraded?

By John Carney CNBC.com, August 6, 2011, 10:31 AM Barack Obama signed into law a bill to raise the debt ceiling, preventing a default on U.S. government bonds or other obligations. But despite a resolution on the debt-ceiling debate, Standard & Poor’s decided that the deal failed to produce a longer-term solution to the U.S. debt burden. A downgrade from our triple-A credit rating was the result. So, Who Owns Treasuries? The owners of ... Read more

Solution to the Budget Shortfall: The ‘R.A.T.S. TAX PROGRAM’ To Make the Rich and Corporations Pay

By Jack Rasmus June 30, 2011 COMMENTARY: As the deficit-debt debates intensify it is becoming increasing clear that Teapublicans want only draconian cuts in spending, social security-medicare-medicaid and public education in particular. Democrats want cuts but also modest tax increases. Both have agreed already that the cuts will be several times the tax hikes, if any. Democrats are content to pare the edges of the massive tax cuts for ... Read more