Business

9:59am

Thu January 19, 2012
Planet Money

Carried Interest: Why Mitt Romney's Tax Rate Is 15 Percent

Originally published on Mon May 7, 2012 12:15 pm

As you know by now, Mitt Romney's tax rate is somewhere near 15 percent — well below the 35 percent income tax rate for the highest earners.

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6:40am

Thu January 19, 2012
The Two-Way

Jobless Claims Drop, Inflation At 3 Percent, Housing Starts Cool

A trio of economic indicators were just released:

-- First-time claims for jobless benefits plunged by 50,000 last week from the week before, to 352,000, the Employment and Training Administration says. You have to go back to Spring 2008 to find a lower number. Reuters says the news signals "continued improvement in the labor market."

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5:28am

Thu January 19, 2012
Business

So, Um, What Is A Private Equity Firm?

Originally published on Thu January 19, 2012 1:57 pm

Before entering politics in the 1990s, Romney co-founded Bain Capital, one of the nation's largest and most profitable private equity funds.
David L. Ryan Boston Globe via Getty Images

In the run-up to Saturday's GOP presidential primary in South Carolina, candidates have clashed over the role of Bain Capital — a firm that either creates or kills jobs, depending upon whom you believe.

Front-runner Mitt Romney sees the bright side. Before entering politics in the 1990s, he co-founded Boston-based Bain Capital, one of the nation's largest and most profitable private equity funds. He has said he created 100,000 jobs while at Bain.

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5:25am

Thu January 19, 2012
The Two-Way

Kodak Calls Bankruptcy Filing 'Necessary Step'

Originally published on Thu January 19, 2012 5:36 am

Eastman Kodak Co.'s corporate headquarters in Rochester, N.Y.
Guy Solimano Getty Images

"Running short of cash and unable to sell 1,100 digital imaging patents that could have rescued it," as Rochester's Democrat and Chronicle writes, Eastman Kodak Co. today took the long-expected but still painful step of filing for Chapter 11 bankruptcy protection.

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5:00am

Thu January 19, 2012
Business

Longmont Ponders Next Phase for Former Butterball Plant

Last year’s closure of the Butterball turkey-processing plant in Longmont has city leaders pondering what to do with the plant. KUNC’s Brian Larson spoke to Boulder County Business Report publisher Chris Wood about what might be next.

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