The Financial Status of Startech is in Chapter 11. Why with such a superb technology has it reached this point? Because of a hostile take-over attempt that striped the company of all operating capital. The hostile takeover by "Friendly LLC" (Cute Name??) for $15,000,000 was a front for a little company called GAZPROM. This is the Russian State Owned and publicly traded power and gas company with net revenues of over 250 billion. In 2008 If they wanted Startech at $15 million... there must be a reason.

jerseyhoya wrote:A Country in Denial - The Economist has a pop at France

A 75% tax rate...are you effing kidding me?

Monkeyboy wrote:What was the tax rate on the rich in the US in the 50's? Wasn't it more than 75%? He wasn't talking about taxing the average person at that amount.

Not making a judgement on the tax rate, just clarifying.

jerseyhoya wrote:Keith Olbermann got fired again. Must be a day of the week that ends in y.

jerseyhoya wrote:I would imagine 75% is on the wrong side of the Laffer curve, but maybe it's shaped differently in other countries based on the size of the public sector. I dunno. It just seems like a tremendously awful policy idea driven by anger rather than any likelihood that it will improve public finances or the country's economy.

jerseyhoya wrote:Keith Olbermann got fired again. Must be a day of the week that ends in y.

pacino wrote:

jerseyhoya wrote:Keith Olbermann got fired again. Must be a day of the week that ends in y.

i like when keith is funny, but five? networks can't be wrong. must be hard to work with.


keith disputes what current says about the firing. TWITTER DRAMA!

Senator Lindsey Graham, Republican of South Carolina, has pressed to reauthorize the Export-Import Bank, but at the insistence of Senator Mitch McConnell of Kentucky, the Republican leader, he joined his party in opposing Democratic efforts to add reauthorization to a small-business finance bill. Now Mr. Graham says his party has to find a way to move a stand-alone bill, and fast.

“Come June, if this program dies, it will be the end of job creation for thousands of businesses for no good reason,” he said. “And it’ll happen on our watch, with our fingerprints on it.”

jerseyhoya wrote:

Monkeyboy wrote:What was the tax rate on the rich in the US in the 50's? Wasn't it more than 75%? He wasn't talking about taxing the average person at that amount.

Not making a judgement on the tax rate, just clarifying.

It was 91% I think through the 50s, Kennedy/LBJ cut it to 70%.

I would imagine 75% is on the wrong side of the Laffer curve, but maybe it's shaped differently in other countries based on the size of the public sector. I dunno. It just seems like a tremendously awful policy idea driven by anger rather than any likelihood that it will improve public finances or the country's economy.

The sale could come as early as Friday to a consortium that includes George E. Norcross III, a Democratic power broker in South Jersey; the parking lot magnate Lewis Katz; and Edward M. Snider, chairman of the Comcast subsidiary that owns the Philadelphia Flyers, those who spoke on the condition of anonymity because of the nature of the continuing negotiations said.