Coke chief criticises US tax rules - FT.com
Coca-Cola now sees the US becoming a less friendly business environment than China, its chief executive has revealed, citing political gridlock and an antiquated tax structure as reasons its home market has become less competitive
Monday, September 26, 2011
Last Chance to Avoid Global Catastrophe?
The PJ Tatler » Last Chance to Avoid Global Catastrophe?
Last Chance to Avoid Global Catastrophe?
Treasury Secretary Geithner thinks so: “The threat of cascading default, bank runs, and catastrophic risk must be taken off the table.
Sovereign and banking stresses in Europe are the most serious risk now confronting the world economy.
Decisions cannot wait until the crisis gets more severe.”
From the same Telegraph write up:
The International Monetary Fund warned last week that emerging markets face the risk of “sharp reversals” or even a “sudden stop” if there is further spill-over from Europe.
This comes at a time when Asia and parts of Latin America are already in the topping phase of a credit boom, one of epic proportions in China where loans have doubled to almost 200pc of GDP over the last five years.
Warning signs have been flashing red for the last three weeks.
Shares of China’s top property developer Greentown have crashed by a third this month.
The currencies of Indonesia, Brazil, Korea, South Africa, and Hungary have all buckled, and central banks have begun intervening to stop the slide.
“A continued flight from risk raises the growing possibility of investor capitulation in emerging markets,” said Neil Mellor from BNY Mellon.
Feeling better now?
UPDATE: And now the IMF is broke.
Last Chance to Avoid Global Catastrophe?
Treasury Secretary Geithner thinks so: “The threat of cascading default, bank runs, and catastrophic risk must be taken off the table.
Sovereign and banking stresses in Europe are the most serious risk now confronting the world economy.
Decisions cannot wait until the crisis gets more severe.”
From the same Telegraph write up:
The International Monetary Fund warned last week that emerging markets face the risk of “sharp reversals” or even a “sudden stop” if there is further spill-over from Europe.
This comes at a time when Asia and parts of Latin America are already in the topping phase of a credit boom, one of epic proportions in China where loans have doubled to almost 200pc of GDP over the last five years.
Warning signs have been flashing red for the last three weeks.
Shares of China’s top property developer Greentown have crashed by a third this month.
The currencies of Indonesia, Brazil, Korea, South Africa, and Hungary have all buckled, and central banks have begun intervening to stop the slide.
“A continued flight from risk raises the growing possibility of investor capitulation in emerging markets,” said Neil Mellor from BNY Mellon.
Feeling better now?
UPDATE: And now the IMF is broke.
Why Saugatuck is losing S.S. Keewatin Steamship Museum to Canada
Why Saugatuck is losing S.S. Keewatin Steamship Museum to Canada MLive.com
I suspect the real reason is the value of the Keewatin's dock.
I suspect the real reason is the value of the Keewatin's dock.
Coffee reduces depression risk?
Coffee reduces depression risk? JunkScience.com
Though we love caffeine as much as the next awake person, Willet and Ascherio’s reported correlations (e.g., a relative risk of 0.82 for 4 or more cups of coffee per day) are too small to be credible.
As is standard with Nurses Health Study junk science, exposures, disease and confounding risk factors are all self-reported and, hence, not reliable. Simply put, bad data do not make for a credible statistical analysis.
No doubt Willet and Ascherio are relying on the intuitive nature of their claim to carry the day with the unsuspecting public and the ever-gullible media.
Coffee keeps you awake, but not from being sad about it.
Though we love caffeine as much as the next awake person, Willet and Ascherio’s reported correlations (e.g., a relative risk of 0.82 for 4 or more cups of coffee per day) are too small to be credible.
As is standard with Nurses Health Study junk science, exposures, disease and confounding risk factors are all self-reported and, hence, not reliable. Simply put, bad data do not make for a credible statistical analysis.
No doubt Willet and Ascherio are relying on the intuitive nature of their claim to carry the day with the unsuspecting public and the ever-gullible media.
Coffee keeps you awake, but not from being sad about it.
Obama gaffe: President says billionaires should pay ‘Jew’ tax rate
Obama gaffe: President says billionaires should pay ‘Jew’ tax rate The Daily Caller
“If asking a billionaire to pay the same tax rate as a Jew — as a janitor — makes me a warrior for the working class, I wear that as a badge of honor.”
“If asking a billionaire to pay the same tax rate as a Jew — as a janitor — makes me a warrior for the working class, I wear that as a badge of honor.”
Sunday, September 25, 2011
Illinois taxpayers repeat, "Please sir, may I have another?
Kass: Illinois taxpayers repeat, "Please sir, may I have another? - chicagotribune.com
Then you must be in Illinois.
That's the state where Chicago machine politicians and their union muscle boys slap taxpayers in the mouth, year after year after year, and all voters do is repeat that line from "Animal House,"
"Thank you, sir, may I have another?"
Then you must be in Illinois.
That's the state where Chicago machine politicians and their union muscle boys slap taxpayers in the mouth, year after year after year, and all voters do is repeat that line from "Animal House,"
"Thank you, sir, may I have another?"
Stabenow, White House official disagree over separation of waterways to prevent spread of Asian carp into the Great Lakes
Stabenow, White House official disagree over separation of waterways to prevent spread of Asian carp into the Great Lakes MLive.com
U.S. Sen. Debbie Stabenow renewed a call to close the Chicago shipping locks and create a permanent ecological separation of the Mississippi River basin and the Great Lakes to prevent an invasion of giant Asian carp.
But a White House official rebuffed the plea, saying more study must happen to prevent unintended consequences.
Debbie who?
She's been sittin' on the union bosses laps so long she doesn't even know where Michigan is.
It sure is great she's "on" the carp trail....right?
U.S. Sen. Debbie Stabenow renewed a call to close the Chicago shipping locks and create a permanent ecological separation of the Mississippi River basin and the Great Lakes to prevent an invasion of giant Asian carp.
But a White House official rebuffed the plea, saying more study must happen to prevent unintended consequences.
Debbie who?
She's been sittin' on the union bosses laps so long she doesn't even know where Michigan is.
It sure is great she's "on" the carp trail....right?
Federal Loans Fund Big-Ticket Energy Projects At Firms Outside Of U.S.
Federal Loans Fund Big-Ticket Energy Projects At Firms Outside Of U.S. Fox News
Among the biggest recipients on the Department of Energy's controversial list of loans to renewable energy companies like the failed Solyndra Inc. are a number of non-U.S. firms whose big-ticket energy projects will cost taxpayers billions of dollars -- but will generate no more than a few hundred permanent U.S. jobs.
Among the biggest recipients on the Department of Energy's controversial list of loans to renewable energy companies like the failed Solyndra Inc. are a number of non-U.S. firms whose big-ticket energy projects will cost taxpayers billions of dollars -- but will generate no more than a few hundred permanent U.S. jobs.
The Latest Ugly Truth About Pakistan
The Latest Ugly Truth About Pakistan - NYTimes.com
Inter-Services Intelligence — played a direct role in supporting insurgents who attacked the American Embassy in Kabul last week, killing 16 people.
He also said that with ISI support, the Haqqani network of terrorists planned and conducted an earlier truck bombing on a NATO outpost that killed 5 people and wounded 77 coalition troops, and other recent attacks.
Inter-Services Intelligence — played a direct role in supporting insurgents who attacked the American Embassy in Kabul last week, killing 16 people.
He also said that with ISI support, the Haqqani network of terrorists planned and conducted an earlier truck bombing on a NATO outpost that killed 5 people and wounded 77 coalition troops, and other recent attacks.
Top 10 Green Job Fiascoes
Top 10 Green Job Fiascoes - HUMAN EVENTS
Of course, when the government tries to intrude in the marketplace, bad things happen.
Such as these: the Top 10 Green Job Fiascoes.
Of course, when the government tries to intrude in the marketplace, bad things happen.
Such as these: the Top 10 Green Job Fiascoes.
Teachers unions, school groups give mixed reviews to Obama No Child Left behind waivers | MLive.com
Teachers unions, school groups give mixed reviews to Obama No Child Left behind waivers MLive.com: The union approves of offering more options to improve failing schools and the move to college- and career-ready standards.
Kollege redi!
That sure beats teechin' reedin ritin ritmatik.
Don't it?
Kollege redi!
That sure beats teechin' reedin ritin ritmatik.
Don't it?
How Cain won Florida
York: How Cain won Florida Campaign 2012
Once the delegates got over the can't-get-elected hurdle, a close contest became a landslide for Herman Cain.
Once the delegates got over the can't-get-elected hurdle, a close contest became a landslide for Herman Cain.
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