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Higher Taxes Won’t Discourage Wealthy From Working Harder – Bloomberg
Its hero, John Galt, led a strike by industrialists and others against the government, partly because they thought they were too highly taxed. “Top 1 percent earners now make 20 times the average, while they made only 10 times the … Continue reading
Yen Climbs Before Central Bank Meets; Pound Up a 9th Day – Bloomberg
The pound gained to its highest level since September … 0.2 percent to 5.7332 per to the greenback, and South Africa’s rand weakened 0.1 percent to 7.7582. The yen stayed higher versus the dollar even after an index of pending … Continue reading
Tribeca: A Protest Over Festival Sponsor Involved in Clearing Occupy Wall Street – New York Times Blogs
Before each screening in the Tribeca Film Festival, trailers tout various festival sponsors. Usually the audience ignores the spots, but one highlighting Brookfield Office Properties, the owner of the park where Occupy Wall Street took root last … Inflation Policy … Continue reading
Gold slips below $1,630 per oz as euro falls – YAHOO!
“As we saw at the end of last year, gold is a hedge against all kinds of crises, but not against a liquidity problem, when people are liquidating assets to raise much-needed cash. They also sell gold in this environment.” … Continue reading
Ghost of Occupy Wall Street to haunt GE meeting – msnbc.com
(Reuters) – An offshoot of the Occupy Wall Street movement, which rose to prominence last year with its anticorporate stance, plans to bring its populist message to General Electric Co’s shareholder meeting in Detroit on Wednesday. Members of the “99 … Continue reading
Ron Paul Vows To Campaign Despite Romney Lead – NewsMax.com
Fiery GOP presidential hopeful Ron Paul says it makes no difference whether Mitt Romney achieves the magical 1,144 delegates to secure the party’s nomination. Paul isn’t going anywhere, except maybe Tampa. “You don’t quit because you happen … Inflation Policy … Continue reading
Overturning ObamaCare Isn’t ‘Judicial Activism’ – Wall Street Journal
Since the Supreme Court’s historic three-day ObamaCare hearings in late March, the president and his supporters have tried to pressure the Justices into upholding that law, asserting that any other decision would overstep the court’s constitutional bounds. Inflation Policy News … Continue reading
FOREX-Euro takes a breather, China data in focus – Reuters
SYDNEY, April 23 (Reuters) – The euro retreated from two-week highs against the dollar on Monday, pausing after its best weekly performance since February, while sterling clung on to its newfound market-darling-status in the wake of upbeat UK … Inflation … Continue reading
How Republicans Threw In The Towel On Deficit Reduction – TPMDC (blog)
For anyone who paid even passing attention to U.S. politics in 2011, the themes were loud and persistent: Republicans had stormed back into Washington to put an end to excessive government spending and runaway deficits, and would take no prisoners … Continue reading
Fed: Banks get two years to comply with Volcker Rule – USA Today
WASHINGTON – The Federal Reserve says banks will have two years to comply with a rule that would ban them from trading for their own profit. The so-called Volcker rule is expected to take effect this summer. But the Fed … Continue reading