Made in India.

• Author: Peters, Charles
• Position: Tilting at Windmills

Merck let 3,200 of its American workers go last year as it announced 1,200 new jobs abroad, reports Jonathan Weisman of The Washington Post, who adds that in the same period, Merck increased its untaxed foreign earnings by $3 billion to a total of $18 billion, on which it says it has no intention of ever paying U.S. taxes.

Intel dropped 3,300 American employees while it added 4,300 overseas. Its untaxed earnings grew by $700 million to a total of $7 billion. The...