Wall Street is a big target – blamed for the financial crisis that led to the Great Recession. Mitt Romney says efforts to rein in financiers via more regulation are an attack on “economic freedom.” President Obama says new regulations would make it “more profitable to play by the rules than to game the system.” Here are three specifics on which the two differ.
Apple’s success at avoiding corporate income taxes by shifting reported profits to other countries has frustrated US lawmakers for years. Now, Australia is saying that Apple is underpaying taxes in that country as well. Where should Apple report its income?
Hurricane Humberto, as the first such storm of the season, would have been the tardiest to form if it had been three hours later. The hurricane was located west-northwest of the Cape Verde Islands on Wednesday.