EconomyWatch.com

GE reported worldwide profits of $14.2 bn in 2010, w $5.1 bn of total from US operations. US tax bill? ZERO. In fact, G.E. claimed a tax benefit of $3.2 bn Giant tax department often referred to as world’s best tax law firm Total taxpayer ripoff !

Japan may not have sufficient electricity generating capacity for several years to come This wd make working in modern office building intolerable And factories making silicon wafers & luxury cars cannot cope w wild fluctuations in temperature

Japan disaster presents once in a lifetime challenge 2 global supply lines & high-tech especially. Consumer electronics are veritable UN of specialized parts from different countries. Stop in flow from Japan means many soon won't be able to be made.

Assessing impact of Japan crisis proves again economists & other self-styled experts have very little idea what they're doing. As so-called "black swans" proliferate, it becomes increasingly clear these events are all too predictable !!!

Terrible events likely to WORSEN Japans chronic economic problems since 1989, not least due 2 perverse RISE in yen value. Paradox has important lessons 4 other stagnating advanced econs US & EU. But not clear they're ready to learn those lessons.

23 February 2011. Hot growth has boosted valuations and increased competition for acquisition of Chinese companies, often not so interested in being acquired, prompting

India's telecom scandal reveals a small group of powerful conglomerates fighting for resources and projects in mining, land, infrastructure, cellphone spectrum. Scandal shows incestuous world of journalists, corporate lobbyists and ...

21 February 2011. Former piano bar singer gained global fame by giving families of trapped Chilean miners donations of $10,000 each — before rescuers saved them. He has become the nation's most prominent philanthropist, contributing millions to he

Heart of Bahrain crisis is Sunni/Shia Muslim split not limited to small island off Saudi Arabia, but extends thru Persian Gulf region, home of most Arab oil wealth. Sunni royal rulers w majority Shiite population. US, Iran, Saudi all deeply involved

Wall Street's Blatant Derivatives Conspiracy... Economy Watch has long been concerned with the destructive power of derivatives -- and their STILL yet-to-be-fully-felt impact on the world political economy...