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06.11.2009 10:46 am

What does the executive-pay czar mean for America’s capitalistic values?

St. Louis Post-Dispatch

Of the several so-called czars appointed by the Obama Administration, the most recent appointee seems to be the most controversial. According to the New York Times, the appointee will have the right to review the compensation for the 100 most highly paid employees of private companies and any other executives.

The Treasury Department on Wednesday appointed a well-known Washington lawyer, Kenneth R. Feinberg, to oversee the compensation of employees at the seven companies — the American International Group, Citigroup, Bank of America, General Motors, Chrysler and the financing arms of the two automakers.

He will have broad discretion to set the salaries and bonuses…

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03.23.2009 7:49 am

Is this year’s tax season more onerous than in years past?

St. Louis Post-Dispatch

Taxpayers across the country have a little more than three weeks to square up with the government — via the Internal Revenue Service — for last year’s income.

For some people, filing their 1040s (or 1040EZs, if lucky) might take a little more ‘grin and bear it’ this year than in years past.

 

 After all, we’re seeing the government hand out billions to failing banks. Today’s news is that the government wants to spend at least $500 billion — and possibly up to $1 trillion — to buy up toxic assets to get them off the books of our troubled banks.

And…

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