ChrisBanescu.com

by Roger Martin – In my latest book, Fixing the Game: Bubbles, Crashes, and What Capitalism Can Learn from the NFL, I wrote about the negative impact of executive stock-based compensation on corporate short-termism. Eliminating stock-based compensation would help reduce the incentive for executive leadership to focus on the short term. But there is a [...]

by Chris Banescu – Warren Buffett and President Obama claim that the rich do not pay enough taxes. They both blame the American tax code of being unfair and coddling the rich. Both have been pushing the same class-warfare narrative for many years, using current US capital gains and dividends taxation rates as evidence for [...]

by Mitch Tuchman – Be it a football game, the weather, an election, or the future of Middle East uprisings, people want to know what will happen before it does. We want to know the future, and we actively seek out experts who can predict it. But facts show that in most pursuits where dynamic [...]

7/26/2010 – Brett Arends – The Dow plummeted nearly 800 points a few weeks ago — and then just as dramatically rocketed back up again. The widely watched market indicator is down 7% from where it stood in April and up 59% from where it was at its 2009 nadir. These kinds of stomach-churning swings [...]

6/8/2010 – Robert Frank – In his Wall Street Journal op-ed Monday, famed supply-sider Arthur Laffer argues that higher taxes on the wealthy rarely work because the wealthy simply shift their income. President Obama’s upcoming tax increases, he says, are encouraging the wealthy to take cash and income off the table this year, robbing from [...]

6/6/2010 – Arthur Laffer – Today’s corporate profits reflect an income shift into 2010. These profits will tumble next year, preceded most likely by the stock market. People can change the volume, the location and the composition of their income, and they can do so in response to changes in government policies. It shouldn’t surprise [...]

The New York Times | by Warren E. Buffet | Oct. 17, 2008 The financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher. In the near term, unemployment will rise, business activity will [...]