federal income tax exemption - is it or is it not an inefficient subsidy - because the Federal Government does make a choice in the projects?

What are the arguements for/against the criticism that the federal income tax exemption of interest on state-local debt is an inefficeint subsidy because the federal government makes no choice amoung the projects where the money goes?

federal income tax exemption - escape from progressivity for the rich??

Why is it argued that the federal income tax exemption of interest on state-local debt is an escape from progressivity for the rich? Please explain the arguements for and against this critisism.

Nasdaq versus Nyse

Visit both the New Your Stock Exchange (NYSE: http://www.nyse.com/home.html) and the NASDAQ: http://www.nasdaq.com/, and write on how the two exchanges operate., make sure to address the following three questions: 1. How are NYSE and NASDAQ similar, if at all? 2. How are the two exchanges different from one another, if at al ...continues

Financial intermediation / financial institutions

1. What is financial intermediation? 2. What is the role of financial institutions?

Opinion required: Shareholder Wealth vs Corporate Wealth Maximization. In a paragraph or two outline your opinion on this issue. Specifically, explain which model leads to increased economic efficiency? Why?

the primary goal - and in effect the only goal - of the management at U.S. publicly held corporations is to maximize the wealth of their stockholders. This type of management is called Shareholder Wealth Maximization (SWM) model. SWM is very popular in the U.S. On the other hand, there are people who may argue that a company's ...continues

investments

You work for an investment firm and recently wrote a position article on your firm's approach to risk. The article now appears on your company's website. It has, interestingly enough, generated e-mailed responses from potential clients and your firm is asking you to address some of their questions for a Frequently Asked Question ...continues

Business

Instructions: Please a paragraph (5 sentences) respective to your opinions about the information pages below. NO RIGHT OR WRONG ANSWERS ACRAnet-CBS Branch Divisions Do You Know Who You're Hiring? Employment Screening Predictor As you move into the future of human resources, you will want to form relationships wit ...continues

Series of questions

1. You run a clothing store and employ several salespeople. A friend comes in and asks you a favor. He has selected a $900 suit off the rack and wants a one-time 50 percent discount. How should you respond? If you acquiesce, word will spread to others that your business is cut-rate; more customers will expect sizable discount ...continues

Valuation

To some people, valuation is seen as a science. This means once we input the needed data into some elegantly developed formula, then we should get a firm price as a result. To others however, valuation is seen as an art -meaning there is more to valuation than a mere mechanical operation. what do you think? Outline your thought ...continues

CBM / opionion required

If you were a bank manager, would you like CBM as your client? Why or why not?