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federal income tax exemption - is it or is it not an inefficient subsidy - because the Federal Government does make a choice in the projects?

What are the arguements for/against the criticism that the federal income tax exemption of interest on state-local debt is an inefficeint subsidy because the federal government makes no choice amoung the projects where the money goes?

Subject:

Business

Topic:

Other

Posting ID:

18089

OTA ID:

103817

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federal income tax exemption - escape from progressivity for the rich??

Why is it argued that the federal income tax exemption of interest on state-local debt is an escape from progressivity for the rich? Please explain the arguements for and against this critisism.

Subject:

Business

Topic:

Other

Posting ID:

18091

OTA ID:

103817

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Nasdaq versus Nyse

Visit both the New Your Stock Exchange (NYSE: http://www.nyse.com/home.html) and the NASDAQ: http://www.nasdaq.com/, and write on how the two exchanges operate., make sure to address the following three questions: 1. How are NYSE and NASDAQ similar, if at all? 2. How are the two exchanges different from one another, if at all? 3. In light of the recent corporate scandals like Enron, WorldCom, etc, have any of the two exchanges taken some meaningful measures to help allay the concerns of investors? Explain. (Hint: You may visit each site's Press Room/Release for possible leads).

Subject:

Business

Topic:

Other

Posting ID:

18620

OTA ID:

104338

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Financial intermediation / financial institutions

1. What is financial intermediation? 2. What is the role of financial institutions?

Subject:

Business

Topic:

Other

Posting ID:

18621

OTA ID:

103060

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Opinion required: Shareholder Wealth vs Corporate Wealth Maximization. In a paragraph or two outline your opinion on this issue. Specifically, explain which model leads to increased economic efficiency? Why?

the primary goal - and in effect the only goal - of the management at U.S. publicly held corporations is to maximize the wealth of their stockholders. This type of management is called Shareholder Wealth Maximization (SWM) model. SWM is very popular in the U.S. On the other hand, there are people who may argue that a company's goal should also include its entire stakeholders- including employees, creditors, suppliers, the local community, etc. This thinking is referred to as Corporate Wealth Maximization (CWM) model - which is prevalent in Japan and many European countries. In a paragraph or two outline your opinion on this issue. Specifically, explain which model leads to increased economi... click for more

Subject:

Business

Topic:

Other

Posting ID:

18622

OTA ID:

103477

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