Outsourcing is going to get a lot more expensive in 2011 when Obama’s corporate tax expenditure changes kick in. The cost of outsourcing ops will effectively double. (indiatimes.com)
Several (and probably all) large multinational corporations have their operations structured to take advantage of the tax codes Obama is looking to abolish. (bloomberg.com)
… will the administration wind up shifting the job losses to emerging nations?
Sources say Bank of America needs $33.9 billion in capital. (nytimes.com) That's funny, I could have sworn I saw Ken Lewis say they need none a week ago. The stock has had a 25% swing from trough to peak already this morning.