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Apple Just Can't Help Innovating

Perhaps it's not surprising that the company that redefined personal technology, entertainment and communications would also redefine the meaning of a tax haven.

A new U.S. Senate report on Apple's offshore tax strategy describes more than just a byzantine structure of subsidiaries. It also shows the company claims that three of those subsidiaries are tax residents of nowhere -- not Ireland, where the subsidiaries are nominally located, nor the U.S., from which a layman could be forgiven for concluding those subsidiaries are run.

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Could This Be Obama's Iran-Contra?
Peggy Noonan's latest column in the Wall Street Journal is an exercise in ahistorical punditry.
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The U.S. Could Indict SAC Capital, But Should It?
The question isn't whether the U.S. government could indict SAC Capital; it's if it should. 
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