Definition of corporate capital

Turning altruism into exploitation  January 6, 2013 – 05:57 pm
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Today a new campaign ‘Justice for Interns / Volunteers’ is being launched by charity workers hoping to end what they see as the exploitative practices of many charities. This got me thinking about the circumstances under which it is OK for charities to use volunteers and unpaid interns as a source of free labour and when is it morally reprehensible.

Any attempt to weigh up the rights and wrongs of this common charity practice, is of course, a normative endeavour and therefore must have theory of justice at its heart. Not wishing to get bogged down in intricacies surrounding ‘veils of ignorance’ and the like let us assume that most people would agree with a notion of justice which, on the whole, follows the argument that ‘an outcome is just if all parties impacted by it would agree to it, if they did not know the outcome before hand.’ For example, two people who did not know the outcome of distributing a pie between the two of them would both agree for it to split in half. Exploitation then would take place if A forced B, through whatever means, to have a smaller slice.

John Roemer provides a formal definition of capitalist exploitation in the form of “B exploits A when B takes unfair advantage of a situation in which A is placed by a lack of access to resources” This, therefore, suggests that:

Source: Bright Green

Business Organization And Finance, Legal And Economic Principles, 6th
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Worries growing about shoddy accounting practices

The spotlight is spreading over the gray areas that allow companies to keep debt off their books and dress up their earnings for the stock market.
The intensifying scrutiny has reached a growing list of corporations, and the accounting firms that check their books, and seems likely to pressure yet more companies to explain often-befuddling information that has been buried in the footnotes...carried on the books at its current market value a standard that can result in write-offs that reduce earnings. By classifying a loan as 'held for maturity,' a bank has more leeway to carry the asset at its original cost even if it has diminished in value.
'All those loans should be accounted for the same way,' Stead said. 'We need to restore confidence in corporate financial statements.'

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The Company Presidency

Enron and the Bush family have boosted each other up the ladder of success. But have their ties created a Teapot Dome?
Enron's spectacular collapse has put scores of politicians on the defensive because of their pro-Enron voting records and their war chests full of Enron dollars. Even some Cabinet officials are squirming over their past relationships with the energy company. It's all an un... itself en masse.
In the months and years ahead, as the congressional and criminal investigations fill in the details of the Enron story, the collapse of Enron may, like Teapot Dome, come to symbolize an era of financial and political excess. If so, there is even some chance that it could do for the memory of Bush what those California and Wyoming oil leases did for the memory of Harding.

And part II

The whole purpose of the (16th) Amendment was to relieve all income taxes when imposed from apportionment from a consideration of the sources whence the income was derived.
Therefore, in taxing “income” the sources (i.e. wages, dividends, rents, interest, capital gains) that produced the “income” cannot be “considered” or taxed directly, except pursuant to the rule of apportionment. It is ...urn.” Therefore, don’t try and tell me that I can owe more in income taxes than what I have shown on my tax returns. No IRS agent has any statutory or delegated authority to determine that I owe any more in income taxes than what I have shown on the tax returns I have filed, and any attempt on the part of IRS personnel to do so, would be an obvious violation of 26 USC 7214 as well as 18 USC 241.

Off-balance-sheet land is where death spirals lurk

Enron's crash has shown that very scary liabilities can hide in a set of books.
pay no attention to those liabilities behind the curtain.
That is the message corporate America has sent to investors in recent years as executives have shunted billions of dollars in new and existing financial obligations off their books and into the nether world known as 'off the balance sheet'.
W...s in the market, it leads to decline in confidence.'
Ms Levenson, the bond analyst, agreed. 'I truly believe if Enron had kept all this stuff on the balance sheet and worked it into its maturity schedule just like any other debt, even if it meant carrying a $US3 billion higher debt load,' she said, 'it may not have been a strong triple-B credit but it might still be a going concern today.'

Supreme Court gives wide interpretation to 'fair dealing' in copyright saga  — Edmonton Journal
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Copyright Misuse: An Evolving Legal Theory and Its Impact on Business  — DigitalJournal.com
In addition to the continued clarification on the definition of copyright misuse, the ability to apply the legal theory in the courtroom is also evolving. In Apple Inc. v. Psystar Corporation, the U.S. District Court for the Northern District of …

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