WHAT'S NEW - in Business History

New titles are added almost every day. The categories may vary significantly but the topics are always interesting and enlightening. No book is listed prior to its release.

 

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The Amazon Exemption

"On June 29, 2011 Gov. Jerry Brown signed into law ABx1 28, a law requiring online retailers (as brick-and-mortar retailers) to collect sales taxes on purchases made by California consumers (= effort to raise $200 million in additional tax revenue for the state from online retailers who sell products through Amazon.com; was expected to cost Amazon $83 million in additional taxes in 2011; = part of estimated $1.1 billion California is owed each year in "use tax" but never collects). Roughly a week after Brown signed the bill into law, in an effort to not pay taxes, Amazon.com severed ties with over 10,000 smaller business 'marketing partners') in the state and launched a petition drive to force a voter referendum on the ballot to overturn the new law". On Septermber 23, 2011 Gov. Jerry Brown signed into law AB 155, the 'Amazon compromise bill'. It suspended for a year ABX1-28, the so-called “Amazon tax” that was imposed on sales by out-of-state companies with “affiliates” in California. Amazon shelved a ballot initiative it had been advancing to repeal ABX1-28. However, the 'Amazon tax', imposed by ABX1-28, but lifted by AB 155, will again be imposed on September 15, 2012, if federal law authorizing states to require remote sellers to collect taxes is not enacted.

I was one of those 'marketing partners' whose 'business tie' with Amazon was severed. Since I have devoted an enormous amount of time to 'business history', since I am offended by having my 'affiliate relationship' severed and then told to 're-apply' for the same status and since the matter is not yet fully resolved - I have chosen not to renew my 'so-called distribution partnership' with Amazon. That is why I have added no new titles to this website since June 2011 - even though more than 700 new business history titles have been published. I will continue to update the timeline for each industry as warranted but I will not add new titles to be purchased individually via Amazon links. I may 'package' new titles in bibliographic form and sell them indepedently on Amazon's Kindle Direct (current available title: "Autopsy on a Bubble: The Complete Bibliography of the 2008 Credit Crisis").

This is a labor of love and I wish that you and I had both not been so inconvenienced by this Amazon Exemption tax issue.

 

In the News

Growing share of income for the rich

1) Inequality in the U.S. has has grown steadily since the 1970s, following a flat period after World War II. In 2008, the wealthiest 10 percent earned almost the same amount of income as the rest of the country combined;

2) The top 0.1 percent of the population (those making about $1.7 million or more) saw the sharpest increase in income share, took home 2.6% of the nation’s earnings in 1975 and 10.4% in 2008;

3) 2005 - the top 0.1 percent of earners in the U.S. made upwards of about $1.7 million, including capital gains. Forty-one percent of these roughly 140,000 families had a breadwinner who was an executive, a supervisor or a manager.2008;

4) Who makes up the top 0.1%?

Executives, managers (non-finance)
Finance, including management
Lawyers
Real estate
Medical
Other entrepreneur
Arts, media, sports
Math, engineering, technical
Other
Business operations (nonfinance)
Other skilled sales
Professors and scientists
Farmers and ranchers

SHARE OF NATION'S INCOME  Including capital gains

  (http://www.washingtonpost.com/wp-srv/special/business/income-inequality/images/share.jpg)
INCOME LEVEL   NUMBER OF PEOPLE AVERAGE INCOME OVERALL CHANGE 1970-2008
Top 0.1%   152,000 $5.6 million +385%
Top 0.1-0.5%   610,000 $878,139 +141%
Top 0.5-1%   762,000 $443,102 +90%
Top 1-5%   6.0 million $211,476 +59%
Top 5-10%   7.6 million $127,184 +38%
Bottom 90%   137.2 million $31,244 -1%
http://www.washingtonpost.com/wp-srv/special/business/income-inequality/

*Based on the salary, bonuses and stock options of the three highest-paid officers in the largest 50 firms. ** Calculated from Bureau of Economic Analysis data. NOTE: All figures have been adjusted for inflation.

SOURCES: The World Top Incomes Database and reports by Jon Bakija, Williams College; Adam Cole, U.S. Department of Treasury; Bradley T. Heim, Indiana University; Carola Frydman, MIT Sloan School of Management and NBER; Raven E. Molloy, Federal Reserve Board of Governors; Thomas Piketty, Ehess, Paris; Emmanuel Saez, UC Berkeley and NBER. GRAPHIC: Alicia Parlapiano - The Washington Post. Published June 18, 2011.

 


INDUSTRIES

Advertising.

Agribusiness.

Airlines.

Autos.

Banking.

Beverages. 

Broadcasting. 

Computers.

Conglomerates.

Food.

Food Service.

Internet.

Publishing.

Railroads.

Retail - Discount.

Retail - Specialty. 

Sports.

Textiles.

Wall Street  - Investing Advisers.


MANAGEMENT

Blunders.

CEOs.

History.

Innovation.


BUSINESS HISTORY

Capitalism.

Economics.

Economic Events.

Economic History - Early U.S.

Financial Crises.


FICTION

(Capitalism),

(Finance),

(Wall Street),

(Wall Street),

(Work),

FILMS

(Venture Capital),

 

 

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