Lawmakers to Propose Transaction Tax for Financial Firms Modeled on Europe - Bloomberg
Senator Tom Harkin, an Iowa Democrat, and Representative Peter DeFazio, an Oregon Democrat, will introduce the bills tomorrow in their respective chambers.
The bills will give the United States an increased role in the international debate over a transaction tax, which is likely to be discussed at the Group of 20 summit this week in Cannes, France.
“It’s a significant way to raise some needed revenue,” Harkin said in an interview today in Washington.
“Quite frankly, I bet nobody would even feel it.”
Wednesday, November 02, 2011
Tuesday, November 01, 2011
Smoking-Gun Document Ties Policy To Housing Crisis
Smoking-Gun Document Ties Policy To Housing Crisis - Latest Headlines - Investors.com
President Obama says the Occupy Wall Street protests show a "broad-based frustration" among Americans with the financial sector, which continues to kick against regulatory reforms three years after the financial crisis.
"You're seeing some of the same folks who acted irresponsibly trying to fight efforts to crack down on the abusive practices that got us into this in the first place," he complained earlier this month.
But what if government encouraged, even invented, those "abusive practices"?
Maybe it's time for a little "off with their heads....."?
The sad reality is that far too many in our country wouldn't be upset if it was "government" at fault.
Our socialist madrases have made "profit" a bad word for too many of our citizens.
President Obama says the Occupy Wall Street protests show a "broad-based frustration" among Americans with the financial sector, which continues to kick against regulatory reforms three years after the financial crisis.
"You're seeing some of the same folks who acted irresponsibly trying to fight efforts to crack down on the abusive practices that got us into this in the first place," he complained earlier this month.
But what if government encouraged, even invented, those "abusive practices"?
Maybe it's time for a little "off with their heads....."?
The sad reality is that far too many in our country wouldn't be upset if it was "government" at fault.
Our socialist madrases have made "profit" a bad word for too many of our citizens.
Monday, October 31, 2011
Skeptic finds he now agrees global warming is real
My Way News - Skeptic finds he now agrees global warming is real
What's different, and why everyone from opinion columnists to "The Daily Show" is paying attention is who is behind the study.
One-quarter of the $600,000 to do the research came from the Charles Koch Foundation, whose founder is a major funder of skeptic groups and the tea party.
The Koch brothers, Charles and David, run a large privately held company involved in oil and other industries, producing sizable greenhouse gas emissions.
What's different, and why everyone from opinion columnists to "The Daily Show" is paying attention is who is behind the study.
One-quarter of the $600,000 to do the research came from the Charles Koch Foundation, whose founder is a major funder of skeptic groups and the tea party.
The Koch brothers, Charles and David, run a large privately held company involved in oil and other industries, producing sizable greenhouse gas emissions.
The very angry first lady Michelle Obama
CURL: The very angry first lady Michelle Obama - Washington Times
Mad Michelle this week popped down to Davis Island, Fla., to hobnob with the very people her husband despises - the 1 percent.
Mad Michelle this week popped down to Davis Island, Fla., to hobnob with the very people her husband despises - the 1 percent.
Saturday, October 29, 2011
Occupy DC to secede from the United States? [VIDEO] |
Occupy DC to secede from the United States? [VIDEO] The Daily Caller
The Daily Caller visited the Occupy DC encampment on Friday and interviewed union organizer Anthony Sluder.
While Sluder appeared to be in charge, he preferred to describe himself as “the one who is informed to inform you.”
Check out what Sluder told TheDC about the “occupiers” and their plan to — you heard it right — secede.
The Daily Caller visited the Occupy DC encampment on Friday and interviewed union organizer Anthony Sluder.
While Sluder appeared to be in charge, he preferred to describe himself as “the one who is informed to inform you.”
Check out what Sluder told TheDC about the “occupiers” and their plan to — you heard it right — secede.
GOLDMAN: Stop Kidding Yourself, The Economy Is Weak And Got Worse In October
GOLDMAN: Stop Kidding Yourself, The Economy Is Weak And Got Worse In October
Remember, this past week, Q3 GDP came in at 2.5%, nearly double the pace of the previous quarter.
And the stock market has rebounded sharply thanks to a surprise string of stronger-than-expected economic data.
But don't get too excited.
From Goldman's Shuyan Wu
"The GSAI fell 0.9 points from 43.3 in September to 42.4 in October.
This is the third straight decline since July, and the second straight month that the headline index has registered below the 50 mark (a sub-50 reading implies that more analysts see contraction in their sectors than expansion)".
Remember, this past week, Q3 GDP came in at 2.5%, nearly double the pace of the previous quarter.
And the stock market has rebounded sharply thanks to a surprise string of stronger-than-expected economic data.
But don't get too excited.
From Goldman's Shuyan Wu
"The GSAI fell 0.9 points from 43.3 in September to 42.4 in October.
This is the third straight decline since July, and the second straight month that the headline index has registered below the 50 mark (a sub-50 reading implies that more analysts see contraction in their sectors than expansion)".
Obama clarified what liberalism is
Obama clarified what liberalism is « Don Surber
Obama accepted a whopping $750 million in campaign contributions — a half billion of the money coming from large donors, including the two richest men in America.
That was double the money Republican John McCain collected
Obama accepted a whopping $750 million in campaign contributions — a half billion of the money coming from large donors, including the two richest men in America.
That was double the money Republican John McCain collected
GHEI: Europe accepts the inevitable
GHEI: Europe accepts the inevitable - Washington Times
The official European Council statement released Thursday said the deal will result in a “nominal discount of 50 percent on notional Greek debt held by private investors.”
That’s a fancy way to describe what amounts to an orderly default.
The official European Council statement released Thursday said the deal will result in a “nominal discount of 50 percent on notional Greek debt held by private investors.”
That’s a fancy way to describe what amounts to an orderly default.
Friday, October 28, 2011
11 Charged in L.I.R.R. Disability Scheme
11 Charged in L.I.R.R. Disability Scheme - NYTimes.com
Ten of the defendants were taken into custody early Thursday at their homes by agents from the Federal Bureau of Investigation and state investigators, officials said.
They included seven former railroad workers, including a former union president;
Ten of the defendants were taken into custody early Thursday at their homes by agents from the Federal Bureau of Investigation and state investigators, officials said.
They included seven former railroad workers, including a former union president;
Four Reasons Keynesians Keep Getting It Wrong
Allan H. Meltzer: Four Reasons Keynesians Keep Getting It Wrong - WSJ.com
Why is the economic response to increased government spending so different from the response predicted by Keynesian models?
What is missing from the models that makes their forecasts so inaccurate?
Those should be the questions asked by both proponents and opponents of more government spending.
Allow me to suggest four major omissions from Keynesian models:
Why is the economic response to increased government spending so different from the response predicted by Keynesian models?
What is missing from the models that makes their forecasts so inaccurate?
Those should be the questions asked by both proponents and opponents of more government spending.
Allow me to suggest four major omissions from Keynesian models:
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