peHUB Second Opinion 6.8

The Private Equity Council warns that the proposed increase in taxes on carried interest profits could cost tens of thousands of jobs, cut the overall value of the nation’s commercial real estate, cause default rates on commercial mortgages to rise, and even, possibly, to incite a plague of locusts. Newsweek’s Dan Lyons goes for the jugular (of Microsoft’s PR machine): “You Stay Classy, Redmond.” Massive flow of bullsh_t continues to gush from BP's headquarters, according to sources familiar with bullsh_t. Speaking of BP, it's buying up search terms like “oil spill” and “oil spill claims” via the sponsored links programs of Yahoo and Google. BP says it’s trying to disseminate useful information about its response efforts. Critics say it’s pushing out its version of events before anyone else.