Tag Archives: private equity

  Taxes are so un-American

Burger King Tries To Buy A Canadian Coffee Store For Fun And Profit

YOUR ANGUS IS NOT EVEN REMOTELY PEPPERED, CANADA.
This weekend, Burger King announced that it was negotiating to buy Canadian coffee-and-donut shop Tim Horton’s. Tim Horton’s says it wants to merge because of the “potential to leverage Burger King’s worldwide footprint,” while Burger King says it wants to merge so more Canadians can suffer from explosive diarrhea. Read more on Burger King Tries To Buy A Canadian Coffee Store For Fun And Profit…
  journamalism

‘The Atlantic’ Finds Hostess’s Real Victims: Private Equity Guys Who Will Probably Lose Their Investment

Now that the Hostess closure has begun to affect all of us, Jordan Weissman of The Atlantic will discuss what’s really important here, namely: whose fault it is. And duh, of course it was not the Bain-style “private equity” managers for loading the shitty snack cake company up with debt and then legitimately raping it with management fees; no, it is only their fault for making “poor decisions,” mostly the decisions to only slash union workers pay “a lot” instead of “maquiladora-style.” Read more on ‘The Atlantic’ Finds Hostess’s Real Victims: Private Equity Guys Who Will Probably Lose Their Investment…
  quiet rooms

Matt Taibbi Explains Why You Should Hate Mitt Romney Even More Than You May Have Hated Him Yesterday

Hello, Matt Taibbi, how are you making us hate Mitt Romney even more today than we did, say, yesterday (which is saying a lot since we had to sit through his forty minute speech about himself yesterday and also a slide show about him and his kids, blagh). But as you will soon discover, making us hate Mitt Romney even more isn’t terribly difficult! You just begin by explaining the nuts and bolts of how Bain Capital destroyed several companies by loading them up with debt, and then you go into detail about how Bain partners made tons of money, much of it off government “handouts” even while laying off thousands of workers, and then you top it all off by pointing out that political and financial journalists have been unwilling or unable to explain any of this to the American public. Thank you, Matt Taibbi, for exposing not only the incompetence of the American pundit class, but also the features–rather than bugs–of the corporate tax code that allow people like Mitt Romney and Incorporated Americans like Bain Capital to happen to all of us. Read more on Matt Taibbi Explains Why You Should Hate Mitt Romney Even More Than You May Have Hated Him Yesterday…