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Business Matters 21 Nov 13: JP Morgan fine is tax deductible

Thu, 21 Nov 13

JP Morgan find some of their record $13bn financial penalty can be tax deductible. We find out if Africa's booming economic growth is trickling1 down to the country's poorest. Argentina's new finance minister is announced - but how will he explain the strange variations in Argentina's economic data? Also, bosses in Switzerland are found to be paid 200 times more than their employees - we ask if this is ever justifiable2. Finally, we discuss how much money can be made in posthumous3 reputation management, and just exactly how lasting4 the financial legacy5 of Elvis really is. All this with our guests Peter Morici, economist6 at the University of Maryland, and Alex Frangos from the Wall Street Journal in Hong Kong.


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