Originally published on Fri September 21, 2012 5:47 am
unemployment is still above 8 percent and some companies are warning of lower profits. Yet the stock market keeps climbing. Renee Montagne talks to David Wessel, economics editor of The Wall Street Journal, about why markets are at their highest levels since the financial crisis four years ago.
By the time Glenn Beck left the Fox News Channel in June 2011, both sides seemed ready, even eager, to part ways. Beck announced he would move on to bigger and grander ventures with his own production company, Mercury Radio Arts, but some media critics, such as Variety's Brian Lowry, shrugged then and since.
We were curious how hard it would be to set up an offshore company, so this summer we bought two. We at Planet Money are now the proud owners of "Unbelizable Inc." in Belize and "Delawho? LLC" in Delaware. The whole process was quick and easy.
At least that's how it seemed at first — until we got an email from David Buckley, a tax lawyer at Rogin Nassau, telling us we had just walked into an IRS sinkhole.
Buckley described it as "a minefield of U.S. tax obligations," and he said he was worried about me. (The companies are in my name.)
A Swedish medical team has transplanted uteruses from two women in their 50s to their daughters. Meanwhile, Shots has learned that an Indiana group is recruiting women willing to undergo womb transplants in this country.
"We could go ahead tomorrow if we found the perfect candidate," Dr. Giuseppe Del Priore told Shots.