Finance

French Students Protest at Labor Law Changes Despite Not Being Employed

Fresh demonstrations take place today in Paris, Marseille, Lille, Nantes, Rennes, Strasbourg and many other towns and cities as students on their Easter break take to the streets in protest at proposed changes to labor reforms which are being debated in the French parliament Tuesday… Source: French Students Protest at Labor Law Changes Despite Not Being Employed Read More »

Panama Papers: information sharing could bust open secretive companies in tax havens

The essence of the problem highlighted in the major leak from the Panamanian law firm Mossack Fonseca is that the governments of tax havens still allow intermediary firms to establish shell companies or trusts and don’t comply with international standards on sharing the… Source: Panama Papers: information sharing could bust open secretive companies in tax havens Read More »

“Nuit debout” movement grows in France to push back against labor reforms

Protesters took to the street in more than 30 cities in France today, in ongoing demonstrations against proposed changes to the country’s labor laws. The growing protests have morphed into what many liken to the Occupy movement in the U.S. FSRN’s Raphaël Krafft reports from Paris. Download Audio “Night on our feet, Prime Minister Valls on his knees” demonstrators chant, referring to French Prime… Source: “Nuit debout” movement grows in France to push back against labor reforms – FSRN Read More »

When China’s far-flung fishing fleet trespasses in other nations’ waters, Beijing has its back

With fish stocks declining in much of the Asia-Pacific region, it’s tempting for fishing fleets—from any country—to venture into waters belonging to another nation. In the case of China, fishing boats appear to be giving in to that temptation with some confidence, perhaps… Source: When China’s far-flung fishing fleet trespasses in other nations’ waters, Beijing has its back – Quartz Read More »

Nobel laureate: Europe would be better off with split currency, euro-South & euro-North

Terror, the refugee influx and the unstable economies of its members are plaguing the European Union. The crisis, brought by the war in the Middle East is straining already weakened infrastructure in many countries across Europe. The first stop on the immigration route is Greece, which is struggling to maintain itself even without millions of refugees coming through… Source: Nobel laureate: Europe would be better off with split currency, euro-South & euro-North RT — SophieCo Read More »

Decision on coal mine ‘defies reason’

The decision on Sunday to approve mining leases for Queensland’s Carmichael coal mine is akin to “evil”, according to one of the world’s foremost marine scientists. “It defies reason,” said Dr Charlie Veron, former chief scientist at the Australian Institute of Marine Science. “I think there is no single action that could be as harmful to the Great Barrier Reef as the Carmichael coal mine.”… Source: Decision on coal mine ‘defies reason’ Read More »

Greens pledge to scrap capital gains tax discount and raise $119.5bn in decade

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Labor’s plan to halve capital gains tax discount would generate just $32.1bn over decade, but both parties say their policies will slow increase in housing prices.. The Greens have announced the detail of a plan to phase out capital gains tax discount over five years, raising much more revenue than Labor’s plan to halve it. Investors now get a 50% discount on the tax they pay on capital gains when… Source: Greens pledge to scrap capital gains tax discount and ... Read More »

Shaking up the Federation through taxation

This week’s announcement by the Prime Minister about a possible change in income taxation might have come as a surprise to many people. As it was pointed out by many economists, journalists and the opposition leader, the current income taxation structure, where the Federal Government collects all income tax and doles it out to the States has been in place since 1942… Source: Shaking up the Federation through taxation | Constitution Education Fund Australia Read More »

The Chinese want to buy more American companies — and we should let them

Instead of being a threat to U.S. security, it’s the best way to reduce tensions… Zachary Karabell is the head of global strategy at Envestnet, a financial services firm, and the author of “The Leading Indicators: A Short History of the Numbers That Rule Our World.” China was poised to make its largest-ever investment in the United States this past week, after the Chinese insurance group Angbang topped Marriott in a… Source: The Chinese want to buy more American companies ... Read More »

We ignore the debt at our peril

This article appears in the March 28, 2016 issue of National Review. Writing in this space five years ago, I made the controversial prediction that the rating of U.S. government debt would soon be downgraded. In August of that year, Standard & Poor’s duly obliged. I revisited the topic in November 2011 and argued that the U.S. would probably not regain its stain-free AAA rating anytime soon: The history of downgrades is that they endure. At this writing, the U.S. ... Read More »

Banks to feel slowing housing market

Banks’ vast home loan businesses are tipped to face less buoyant conditions this year as mortgage growth slows and the number of customers falling behind on home loans edges up from record lows. Credit ratings agency Moody’s on Thursday forecast mortgage arrears would rise from current low levels over 2016 because of the slowing housing market and a sub-par economy and the… Source: Banks to feel slowing housing market Read More »

Ensuring the E.U.’s Natural Gas Supply

European demand for natural gas is likely to increase, but the future of the supply remains uncertain. Whether Russia or the European Union take the lead, whoever builds the best pipeline will secure access to the market for decades to come… Source: Ensuring the E.U.’s Natural Gas Supply · Handelsblatt Global Edition Read More »

Global Price Decline Unlikely to Impact Trans-Adriatic Pipeline

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A planned pipeline that would link the gas fields of Azerbaijan to eager European consumers is unlikely to be impacted by the broader, sustained decline in global energy prices, according to a project manager from Greece. Speaking at an energy conference in Athens, Rikard Scoufias – a local manager for the Trans Adriatic Pipeline- stated that the… Source: Global Price Decline Unlikely to Impact Trans-Adriatic Pipeline – Forbes Read More »

Brazil Finance minister disregards calls from Lula for tax breaks and more credit

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Brazilian Finance Minister Nelson Barbosa said on Tuesday it is not the time for more tax breaks, disagreeing publicly with former president Lula da Silva’s call for fiscal stimulus to revive a moribund economy. Lula, President Dilma Rousseff’s predecessor and political mentor, urged the government this week to give more tax… Source: Brazil Finance minister disregards calls from Lula for tax breaks and more credit — MercoPress Read More »

Holyrood 2016: Greens propose 60p tax rate for highest earners

THE Greens have set out plans to introduce a new top rate of income tax of 60p for Scotland’s highest earners. But the party pledged everyone earning £26,500 a year or more would get to keep more of their cash under its “progressive” income tax plans It would scrap the… Source: Holyrood 2016: Greens propose 60p tax rate for highest earners – The Scotsman Read More »

The end of capitalism has begun

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Without us noticing, we are entering the postcapitalist era. At the heart of further change to come is information technology, new ways of working and the sharing economy. The old ways will take a long while to disappear, but it’s time to be utopian.. The red flags and marching songs of Syriza during the Greek crisis, plus the expectation that the banks would be nationalised, revived briefly a 20th-century dream: the… Source: The end of capitalism has begun | Books ... Read More »