Robert Siegel speaks with Ken Bensinger, business reporter for the Los Angeles Times, for an update about a growing type of lucrative used-car dealerships known as "buy here, pay here" businesses. He explains how these lots now have gone into the leasing business in a big way.
GOP candidate Mitt Romney says his effective tax rate is 15 percent. Why so low? The answer lies in a theory that if you tax investment too high, economic growth and job creation are discouraged. But it's somewhat controversial, not least because most of the people who get to pay that lower rate are well-off.
GOP candidates have attacked Mitt Romney as a "vulture capitalist" who destroyed jobs. The charges center on his 15 years at the private equity firm Bain Capital. But what are private equity firms, and what do they do?
GOP presidential candidates have clashed over Bain Capital, the firm Mitt Romney formerly headed. In the "private equity" investing world, only wealthy individuals and large institutions, such as pension funds, are welcome. That's Bain's world.
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