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Biggest brains in business, incredible shrinking city & big names owe big-time on taxes - Today in Mondy 4/14

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In the News:

Why Starbucks' Logo Changed
The coffee chain is temporarily using a retro brown look to evoke its beginnings and restore some goodwill for the brand.
Starbucks' Retro Logo - BusinessWeek


Big Names Owe Big-Time on Taxes

The IRS estimates that 21% of federal individual income taxes go unpaid each year - about $300 billion last year. As Tuesday's tax deadline approaches, Americans are settling accounts on $1.5 trillion in federal and state income taxes for 2007. But what about those who don't pay? Who are they? Do they get away with it? Hundreds of seemingly wealthy people - company presidents, former soap opera stars, top-selling real estate agents - live in multimillion-dollar homes yet have huge tax problems. Many tax delinquents live openly and prosperously for years, even decades, while owing millions of dollars in taxes. These include singer Dionne Warwick, comedian Sinbad, Bill Clinton's former political advisor, Dick Morris, former U.S. treasurer Catalina Vásquez Villalpando and infamous celebrity OJ Simpson to name a few.
Big names owe big-time on taxes - USATODAY.com


73 Biggest Brains in Business
Who really are the smartest folks in the room? Condé Nast Portfolio talked to scores of C.E.O.'s, economists, and power players for a look at who's influencing the influencers. They include rebels like Tina Fey and Steven Spielberg and designer Marc Jacobs, game changers like News Corp.'s Rupert Murdoch, Goldman Sachs' Lloyd Blankfein and JP Morgan Chase's Jamie Dimon and tastemakers like Oprah Winfrewy and Karl Lagerfeld.
The-Brilliant-Issue - Portfolio.com


The Incredible Shrinking City

Youngstown, Ohio, has seen its population shrink by more than half over the past 40 years, leaving behind huge swaths of empty homes, streets and neighborhoods. Now, in a radical move, the city - which has suffered since the steel industry left town and jobs dried up - is bulldozing abandoned buildings and tearing up blighted streets, converting entire blocks into open green spaces. More than 1,000 structures have been demolished so far.
The incredible shrinking city - CNNmoney


Big Retailers Seek Teens (and Parents)

Having lost shoppers to hip specialty shops, department stores are reinventing themselves to attract both adults and their style-minded children. J.C. Penney, Macy's, Bloomingdale's, Saks Fifth Avenue and Kohl's are all adopting approaches - from celebrity-designed fashions to mobile marketing to better fitting rooms - to try to lure young shoppers without turning off their parents.
Big retailers seek teens (and parents) - USATODAY.com


Choking on Food Prices

The cost of food has become a headline story the world over, from food-related riots in Haiti and Egypt to some Asian governments mulling whether to restrict rice exports. In the U.S., grocery bills are surging: Nearly every food staple has seen a double-digit percentage increase over the past year, including a 38% hike for a dozen eggs, to $2.16, and a 19% jump, to $1.78, for a loaf of white bread, according to American Farm Bureau data. With Americans spending 15% of their household income on food and drinks, rising prices in the grocery aisles have spurred consumers to hunt savings.
Squeezed by Rising Food Costs- BusinessWeek
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Last updated: November 27, 2009: 07:33 AM

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