Posts Tagged ‘greed’

“The Taxing Debate Over Taxation!”

This new article, “The Taxing Debate Over Taxation,” is the most recent to be placed on The Huffington Post and may be accessed here or by going to The Huffington Post and looking under Business.

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Americans’ perception of taxes is both perplexing and disturbing.

Americans have difficulty grasping the effect taxes have on their lives. There are many reasons for their confusion.

Taxes have become a political football with each side vehemently arguing their position in hopes of being reelected.

The Bush Tax Cuts are set to expire at the end of this year and a decision must be made by Congress whether to extend them or let them sunset. If Congress does nothing taxes will return to the levels of 2002; the lowest being 15% and the highest moving back to 39.6, a 4.6% increase.

It’s understandable, given the complexity of the current tax code and the political posturing that clouds the discourse of such a sensitive personal subject, that the average person doesn’t quite know which is best for them and the economy.

What is the truth about taxes? Which are good and which are bad? This is the question we should be asking.

Read the rest of this entry »

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Posted in Economy, HuffPost Articles, Politics, Taxes | 1 Comment »

“Final Audit,” A Trail of Greed and Revenge!

The new Blog about my murder mystery can be seen on The Huffington Post. It was posted in the Books Section and can be found near the bottom of the left hand column. Or, you can click on this link, http://www.huffingtonpost.com/jim-worth/emfinal-auditem-a-trail-o_b_677993.html and go straight to the article on the site.

I think you’ll enjoy it.

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Damn, I love this Place.” Stephen Carston stared at the distant horizon where the water meets the cloudless blue sky knowing he might never be able to enjoy this again.

“If only things hadn’t…”

Life was great for Stephen Carston. Hell it was more than great—it was gluttonous. In my first novel, “Final Audit,” Carston was the fictional CFO for GlobalNet, a multi-national telecommunications corporation where there seemed to be no limit to the money executives at GlobalNet could make.

Their stock was skyrocketing reaching new highs everyday and with each new high Stephen’s net worth increased by millions. He was building a new three-story mansion of unequaled beauty in Boca Raton and was looking forward to the recognition and acclaim he would receive after its completion.

But that was a fictional financial world. Or was it?

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Posted in Bankruptcy, Economy, Fiction, Mystery | Comments Off

“Shades of Enron and WorldCom”

Eight short years ago the Markets were shocked by the December bankruptcy filing of Enron, one of the largest corporations in the country. It was the biggest bankruptcy in history. Just six months later WorldCom filed bankruptcy becoming the new largest recorded bankruptcy.

These two failures shook the markets sending stocks into a tailspin. Enron became the poster child for corporate corruption and executive greed leading the way to a series of corporate scandals including Adelphia, Tyco, ImClone, and Global Crossing. The perfect setting for Murder!

The corruption and greed became the backdrop for “Final Audit,” an exciting novel about executives from bankrupt corporations dying. As I wrote this ‘mystriguing’ first novel my research took me beyond the immediate scandals to the avarice, arrogance, and abhorrent behavior prevalent in Corporate America.

Many were responsible for the collapses of Enron and WorldCom. But the important issue would be what they learned from the failures and what they would do to prevent this happening in the future.

So what did we learn? And how did we apply those lessons? Read the rest of this entry »

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Posted in Bankruptcy, Economy, Markets, Predictions, Uncategorized, Wall Street | Comments Off