WORLD-TYRANT WORLD 08 13 14 1

WORLD-TYRANT WORLD 08 13 14 1 

Obama Donors Embrace Corporate Inversions He Criticizes [Excerpts] 

Aug 13, 2014 

http://www.bloomberg.com/news/print/2014-08-13/obama-donors-embrace-corporate-inversions-he-criticizes.html

In inversions, U.S.-based companies merge with a smaller foreign business and take a non-U.S. address for tax purposes, typically without moving their operations or executives. 

The deals, which are legal, let companies deploy cash overseas without paying U.S. taxes and make it is easier for them to reduce U.S. taxes on income earned in the country.

[Blair] Effron is a partner and co-founder at Centerview Partners LLC, a New York investment firm.  Centerview advised Abbott Laboratories, which is selling some of its non-U.S. businesses to Mylan Inc. in a deal that will let Mylan put its tax home in the Netherlands. 

Effron was among Obama’s top campaign-donation bundlers, raising more than $500,000 and attending a 2011 state dinner --complete with Texas Wagyu beef and a performance by singer Janelle Monae-- in honor of Lee Myung-bak, then-president of South Korea. 

Most recently, on May 14, Effron opened up what Obama called a “gorgeous home” for an event that yielded up to $32,400 per person for Senate Democrats. 

The “whole crew” organizing the event, Obama said, were “early investors and they’ve been with me through thick and thin.” 

Effron declined to comment. 

Aug 13, 8:37 AM EDT 

http://hosted.ap.org/dynamic/stories/U/US_EARNS_DEERE?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2014-08-13-08-37-20

DEERE TAKES A HIT AS FARM ECONOMY WEAKENS [Excerpts] 

. . .the slowdown in agriculture sales is global. 

"Each of the major regions is projected to have ag equipment sales down 5 percent or more," wrote Citigroup analyst Stephen Volkmann on Wednesday. 

"South America is now projected to be down 15 percent compared to down 10 percent previously."