Last Friday, we learned that Eduardo Saverin, one of the co-founders of Facebook, had renounced his American citizenship in what seemed to be a transparent ploy to escape a hefty bill from the IRS in the wake of Facebook’s upcoming IPO. While some see Saverin’s move as an act of profound ungratefulness to the country that took him in back in 1992, others are defending him as a patriot of sorts for sticking it to the tax man.
Sometime today, the G20 will be declared to have supplanted the G8 as the “permanent council for international economic cooperation.” Yay, G20! Having international economic confabs that didn’t include Brazil or India or China no longer made any sense. Then again, having a UN Security Council where France and the UK have veto power and [...]
