New York State Attorney General Reportedly Investigating Bain Capital's Tax Strategy

Taylor Berman · 09/02/12 08:01PM

According to the New York Times, New York State Attorney General Eric Schneiderman is investigating Bain Capital, along with several other major private equity firms, to see whether the firms used tax loopholes to avoid paying hundreds of millions in taxes. Schneiderman reportedly issued subpoenas to Bain Capital as well as Kohlberg Kravis Roberts & Company, TPG Capital, Sun Capital Partners, Apollo Global Management and Silver Lake Partners. The subpoenas seek "documents that would reveal whether they converted certain management fees collected from their investors into fund investments, which are taxed at a far lower rate than ordinary income."

Taylor Berman · 09/02/12 07:09PM

Rev. Sun Myung Moon, Korean evangelical leader, Washington Times founder, and self-proclaimed messiah, died today at 92.

Obama's Beer Recipe Finally Revealed

Taylor Berman · 09/02/12 06:41PM

In what is surely the biggest reveal of the campaign season so far, the Obama camp finally released the previously top secret recipe to Obama's two home brewed beers. White House chef Sam Kass posted the recipes for the beers – a honey ale and a honey porter – to the White House's blog on Saturday afternoon.

Louis Peitzman · 09/02/12 12:36PM

Overhyped boy band rivalries are a thing again. Do you love One Direction or The Wanted? Both is not an option.

Louis Peitzman · 09/01/12 04:54PM

Songwriter Hal David, who collaborated with Burt Bacharach on songs like "Raindrops Keep Falling on My Head," has died.

Extra Thumbs, Convict Baby-Daddies and Visits from Children's Services: A Guide to Honey Boo Boo's Off-Screen Scandals

Rich Juzwiak · 09/01/12 03:35PM

The controversy was immediate. People were on TLC's Here Comes Honey Boo Boo like flies on pig shit. Or maybe our collective revelry in the show's trashiness resembled a pig in shit. Whatever it was, a metaphor involving pigs and shit is apt for a show that featured a rented pet teacup pig Glitzy pooping on a kitchen table. This incited laughter onscreen and validation within each audience member, wherever he or she fit on the continuum ("These people are vile" to "These people are endearingly raw").