Crony Capitalism: As the president embraces Occupy Wall Street, his favorite corporation paid no taxes in 2010 on $14 billion in profits, much of it overseas. Meanwhile, 20,000 jobs for the 99% go unfilled.
At a recent town hall meeting, Rep. Paul Ryan, R-Wis., chairman of the House Budget Committee, reminded constituents of a story that broke earlier in the year - that General Electric paid no taxes on profit of $14 billion, $9 billion of which was earned overseas.
Ryan related how he had asked a GE tax officer the length of GE’s tax filing. The tax guy said it was filed electronically…
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When Lucovsky walked into Steve Ballmer’s office in 2004 and told the Microsoft CEO he was leaving the company for Google, Ballmer picked up his chair and chucked it across the room. Now, ex-Microsoft man Paul Maritz has turned the tables on Google, bringing Lucovsky to VMware, where’s he’s building a new software platform for the internet age.
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Google has made no secret about its plans for Android. Smartphones and tablets are just the beginning — the company wants Android everywhere. And thanks to FXI Technologies’ Cotton Candy USB device, we may not have to wait long to see Android on more than just our mobile devices. FXI essentially built an ultra-lean computer inside a small USB stick. Stick it into any device that supports USB storage, and Cotton Candy will register as a USB drive. From there, you can run the Android OS in a secure environment inside your desktop, courtesy of a Windows/OSX/Linux-compatible virtualization client embedded in the device.
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The iPhone 4S is available on three major carriers, leaving potential buyers to wonder whether AT&T, Verizon or Sprint is the better network choice. Pricing plans aside, carrier is a significant factor in anyone’s purchasing decision, and now consumers have hard data to help them choose: A just-released study reports AT&T is tops for fast data speeds, while Verizon is the most reliable when it comes to making phone calls.
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Follow The Daily Ticker on Facebook here! Testifying before a House subcommittee on Thursday, Energy Secretary Stephen Chu took responsibility for loans made to Solyndra, the now-bankrupt company. “As the secretary of Energy, the final decisions on Solyndra were mine, and I made them with the best interest of the taxpayer in mind,” Chu told [...]
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Follow The Daily Ticker on Facebook here! It has been nearly a week since 60 Minutes aired its expose on legalized insider trading in Congress, featuring Peter Schweizer and his new book, Throw Them All Out: How Politicians And Their Friends Get Rich Off Insider Trading, Stock Tips, Land Deals and Cronyism That Would Send [...]
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Follow The Daily Ticker on Facebook here! By Daniel Gross Oil has hit $100 a barrel again. A host of factors play into the price of a West Texas Intermediate crude — demand, global market conditions, the activity of speculators. Evan Smith, co-manager of the Global Resources Fund at U.S. Global Investors believes the recent [...]
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Provided by the Business Insider: The latest Pew Survey on Global Attitudes found that belief in “American exceptionalism” is in steep decline. In 2002, 60 percent of Americans agreed with the statement.”Our people are not perfect, but our culture is superior to others.” By 2007 that number only 55 percent of Americans could agree with [...]
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Follow The Daily Ticker on Facebook here! It’s been roughly two months since Forbes Media Chairman Steve Forbes last joined The Daily Ticker’s Aaron Task and Henry Blodget to discuss the race for 2012. And boy what a difference a couple months makes for the field of Republican candidates dreaming to become the next president [...]
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A big thank you to everyone who voted for me in Best VC Partner of the Year category at the Europas – it means a lot. I was honoured and surprised in equal measure to walk away with this award. There are a lot of great VC partners out there and I don’t think I’ve really gotten started yet with what I want to do in venture capital. We need more $billion tech companies in Europe and my goal is to help create some of those.
Thanks also to my partners at DFJ Esprit. We’ve had a great year or so, with the final close on our new fund, a great run of exits and I think now nine new investments. Without them I wouldn’t be here. Simple as that.
Regrettably, I didn’t actually ‘walk away’ with the award as I am in Paris (I committed to speak at a conference here before the date for the Europas was set) so I heard the news on Twitter:
From what I’ve read it was a pretty special event. I wish I had been there.
Congratulations also to Josh and Dan at our portfolio company Conversocial who won the Best Advertising or Marketing Tech Startup award.
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