Analysis by Bloomberg finds the largest US companies expanded offshore parking of profits by $183B in the past year, a 14.4% increase over that period. Overall, analysis by JPMorgan Chase estimates all US companies have $1.7T in accumulated offshore profits parked in low-tax countries.
IBM reports 92% of midsize companies say they will invest in the cloud within the next 3Ys.
A 2012 survey of 2,000 American adults found 50% of respondents had 5 or more user-names and passwords and 33% had more than 10. The survey also found 38% of those polled would rather scrub toilets than come up with another unique log-in and password.
A recent BitDefender study found 75% of people use the same social networking and email account usernames and passwords. By hijacking an email account, a hacker can simply use “password help” to get access to everything from bank accounts to social media sites.
The IRS said many of its agents will focus on people classified as independent contractors vs. hourly or salaried employees, as it prepares to levy fines in this area.
Corporate profits as a percentage of national income hit 14.2% in 3Q 2012, the highest level since 1950.