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Exclusive: IRS hires hundreds for new wealth unit | ReutersA new Internal Revenue Service unit set up to catch rich tax cheats hiding their wealth in complex business entities is rapidly taking shape with the hiring of hundreds of employees. The IRS high wealth unit, part of a broader effort to combat international tax evasion, is focusing on "the ...
JDP
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11 days ago
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U.S., Japan Forge Open Skies Agreement - Local News | News Articles | National News | US News - FOXNews.comThe U.S. and Japan reached a landmark agreement to relax limits on flights between the two countries, opening up the possibility of broader cross-border airline alliances and more options for air travelers. Under the Friday agreement, which still must be finalized by both governments, airlines ...
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11 days ago
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World markets steady after UAE central bank pledge - Yahoo! NewsWorld stock markets steadied Monday, particularly in Asia, as concerns about a possible default in Dubai were soothed by a pledge from the United Arab Emirates' central bank that it will stand behind local and foreign banks. Last week's announcement from Dubai World, a government investment ...
JDP
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3 weeks ago
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Purdue Newsroom — New theory on fairness in economics targets CEO payChief executives in 35 of the top Fortune 500 companies were overpaid by about 129 times their "ideal salaries" in 2008, according to a new type of theoretical analysis proposed by a Purdue University researcher to determine fair CEO compensation. "One of the most pressing economic and ...
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5 weeks ago
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Chinese energy producers soar after record snows, Asian banks dip -- DailyFinanceIn China, shares in energy producers surged as the country plowed itself out from under heavy snow and the national Heating Office was forced to turn household heating on a full two weeks before the normally scheduled date due to extremely low temperatures. The added demand for fuel and ...
JDP
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5 weeks ago
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The end of the dollar spells the rise of a new order - The IndependentLeading article: The end of the dollar spells the rise of a new order Last autumn's global financial crisis set off an economic earthquake. And we are still feeling the tremors. The latest sign of the ground shifting beneath our feet is our report today of plans by Gulf states, China, Russia, ...
Giorgio Bertini
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2 months ago
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The demise of the dollar - The IndependentIn the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified ...
Giorgio Bertini
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2 months ago
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The G20 Summit in Pittsburgh: Should You Care? - The Baseline ScenarioOn Thursday evening and all day Friday, heads of government from countries belonging to the G20 will meet in Pittsburgh. On paper, this looks important – 90 percent of world economic output and 67 percent of world population will be at the table: the G7 (US, Canada, Japan, UK, Germany, France, ...
Giorgio Bertini
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2 months ago
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You Cannot Be Serious: US Strategy for the G20According to the WSJ this morning (top of p.A1), the US is pushing hard for the G20 to adopt and implement a “Framework for Sustainable and Balanced Growth,” which would amount to the US saving more, China saving less, and Europe “making structural changes to boost business investment” (and ...
Giorgio Bertini
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3 months ago
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Why we need a new macroeconomic paradigmDo the US and Europe risk repeating Japan’s lost decade? This column warns that if the US or European financial clean-ups falter, they will be vulnerable to recurring financial crises. It argues that macroeconomic models should not treat finance as an innocuous veil and calls for a new approach ...
Giorgio Bertini
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3 months ago