Saturday, December 16, 2017

Tag: Tax

Can Corporate Raider Wilbur Ross Deliver on Trump’s Blue-Collar Promises?

Trump's pick for commerce secretary has a track record of saving American jobs. Whether he can bring many back to the Rust Belt remains to be seen. A decade ago, cheap Chinese cloth was hammering American textile makers. Companies like Burlington Industries and Cone Mills, two big U.S. makers of...

Lagarde Says Globalization Needs to Have a More Inclusive Face

Supporters of globalization need to develop a new way to promote open markets that relies on smaller trade deals and helps people who are feeling left out, International Monetary Fund Managing Director Christine Lagarde said. “I certainly hope there is not a move toward deglobalization,” Lagarde said Friday in an...

Trump Allies Urge Fed to Cut Balance Sheet and Revive Credit

Bond investors may have another reason to worry after Donald Trump's election last week: Some of his allies are not fans of the Federal Reserve’s big balance sheet of bonds and want the central bank to shrink it. They argue that the Fed's debt portfolio has damaged the economy by...

Bonds bloodied as Trump spending plans spur dollar

Routs in global bonds and emerging markets intensified, while the dollar climbed with base metals as investors positioned for the wave of fiscal stimulus that Donald Trump has pledged to unleash. The yield on 30-year Treasuries rose to the highest since January, with last week’s record debt selloff bleeding into...

Beware Donald Trump’s Infrastructure Plan

We don’t know much about Donald Trump's plans for this new toy he’s inherited called the world’s only superpower. But we know that he likes to put his name on things, which is why his prioritizing of an infrastructure program makes a lot of sense. He can barnstorm the...

With Trump’s election, is stimulus spending back on Washington’s agenda?

Has John Maynard Keynes just won a ticket back to the White House? Keynes was the British economist who advocated government deficit spending to stimulate moribund economies. And that seems to be the principle undergirding the $1-trillion infrastructure construction plan that President-elect Donald Trump proposed shortly before election day. Trump...

While You Weren’t Looking, Donald Trump Released a Plan to Privatize America’s Roads and...

So this is kind of cute. While most of us were tearing our hair out over the FBI and Hillary Clinton's emails last weekend, Donald Trump's campaign quietly released a plan to privatize new infrastructure development in the United States. I know, that's not very sexy on the surface....

Donald Trump believes the United States can get $1 trillion in new roads –...

Inside two weeks before Election Day, Donald Trump has finally released a plan to pump $1 trillion of new infrastructure spending into the U.S. economy. He says it won't cost taxpayers a dime. Trump's economic advisers have embraced a modified version of a theory some liberal economists have been pushing for...

The End of the G-20: Has the Group Outlived Its Purpose?

Over Labor Day weekend, the leaders of the G-20 countries gathered in Hangzhou, China, for their annual summit. Their goal this year: save the good name of globalization, which has recently taken a beating. In the wake of Brexit, the U.S. Republican presidential candidacy of Donald Trump, the rise...

Paying Taxes Is a Lot Better Than Phony Corporate Courage, Apple

Every fall the internet and its resident tech mumblers congregate for The Apple Event, a quasi-pagan streaming-video rite in which Tim Cook boasts of just how much money his company is making (a lot) and just how much good it’s introducing to the world (this typically involves a new...

How Think Tanks Amplify Corporate America’s Influence

Think tanks are seen as independent, but their scholars often push donors’ agendas, amplifying a culture of corporate influence in Washington. WASHINGTON — As Lennar Corporation, one of the nation’s largest home builders, pushed ahead with an $8 billion plan to revitalize a barren swath of San Francisco, it found...

Inside the Corporate Utopias Where Capitalism Rules and Labor Laws Don’t Apply

Under Cambodian law, the right to organize is supposed to be ironclad. No employer, government agent or citizen may impede union activity. Inside the walls of Cambodia's largest special economic zones (SEZs), however, In These Times’ reporters saw a system designed to tightly control the workforce by keeping workers...

The monetary bubble to end all bubbles is coming

Central banks continue to create new money through quantitative easing. But should they? That’s the question both Harvard economist Terry Burnham and economics correspondent Paul Solman explore in two separate pieces. Below, Terry Burnham warns against quantitative easing. You can read Paul’s take on the issue, “Why the Fed should...

David Cameron’s Austerity Bomb Finally Went Off

After years of failed economic policy, the British public was ready to lash out. Yes, I’m the guy who said the European Union would disintegrate, but I didn’t think it would happen so quickly. And I didn’t imagine that we would have the ill-timed economic policies of David Cameron’s Conservative...

Neoliberalism: Oversold?

Instead of delivering growth, some neoliberal policies have increased inequality, in turn jeopardizing durable expansion Milton Friedman in 1982 hailed Chile as an “economic miracle.” Nearly a decade earlier, Chile had turned to policies that have since been widely emulated across the globe. The neoliberal agenda—a label used more by...

Wrong all along: Neoliberal IMF admits neoliberalism fuels inequality and hurts growth

Top International Monetary Fund researchers concede austerity, privatization & deregulation can hurt more than help. The world’s largest evangelist of neoliberalism, the International Monetary Fund, has admitted that it’s not all it’s cracked up to be. Neoliberalism refers to capitalism in its purest form. It is an economic philosophy espoused by...

David Cameron admits he profited from father’s Panama offshore trust

PM sold stake in Blairmore investment fund, which featured in Panama Papers, for £31,500 four months before entering No 10. David Cameron has finally admitted he benefited from a Panama-based offshore trust set up by his late father. After three days of stalling and four partial statements issued by Downing Street...

Biggest Ever Saudi Overhaul Targets $100 Billion of Revenue

The biggest economic shake-up since the founding of Saudi Arabia would accelerate subsidy cuts and impose more levies, a plan to spread the burden of lower crude prices among a population more accustomed to government largess. Outlining his vision in a five-hour interview with Bloomberg News last week, Deputy Crown...
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Days of Revolt: How We Got to Junk Economics

In this episode of teleSUR’s Days of Revolt, Chris Hedges interviews economist Michael Hudson on the history of classical economics and explores Marx’s interpretation of capitalism as exploitation. CHRIS HEDGES: Hi, I’m Chris Hedges. Welcome to Days of Revolt. Today in a two-part series we’re going to be discussing a...

The world’s wealth is going to just 62 people

Wealth just keeps growing for the 62 richest people in the world. Collectively, this ultra-wealthy group controls $1.76 trillion, which is about the cumulative worth of the poorer half of the world’s population, or around 3.5 billion people. And since 2010, wealth has become more and more concentrated in favor...

The price of supporting the troops is paid to the NFL

The Department of Defense paid NFL teams more than $5 million over four years to buy moments that honored troops. It's disingenuous -- and also par for the course for the NFL's operations. The scene is familiar at any sporting event. The PA announces, "Ladies and gentlemen, please turn your...

The Most Outrageous Fraud Ever Perpetrated on the Canadian People

“Once a nation parts with the control of its currency and credit, it matters not who makes the nation’s laws. Usury, once in control, will wreck any nation.” —William Lyon Mackenzie King, Prime Minister of Canada, 1935 Powell River, BC. You know the old aphorism – “If a tree falls in the...

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