If corporate money controls our politics, as Bernie Sanders and others have claimed, then how did the Republican Party – the reputed party of business – manage to nominate a candidate whom almost no one in Big Business supports? And why have so many been so silent about it?
If there’s one thing the Democrat and Republican presidential candidates can agree on these days is that they both want you to vote (for them) this November.
Not too long ago, when Western CEOs pondered China’s fast-growing market and billion-plus potential customers, their eyes would fill with dollar signs. But these days, thoughts of China are more likely to elicit serious soul-searching, as some of the companies that eagerly dove into China have withdrawn.
On Oct. 1, the New York Times reported that Donald Trump claimed a US$916 million net operating loss on his 1995 New York state income tax return. The article suggested his doing so would have allowed the Republican presidential candidate to avoid paying federal income taxes for up to 18 years.