Posted on 20 February 2010. Tags: Britain, Deficits, Jobs, Unemployment
There is a rhetorical firefight going on in Britain that is worth reading. It’s carrying on in the letters section of the Financial Times. It started with a call this past Sunday from 20 conservative economists that the British government immediately begin cutting back the fiscal budget–an echo to what we are hearing in […]
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Posted in General Interest
Posted on 17 December 2009. Tags: Bankers, Bonuses, Britain, France, Greed, Taxes
The French should be thrilled that the Republicans do not control the Congress because we would certainly see another landmark "Freedom Fries" bill become law after this: French Finance Minister Christine Lagarde said Wednesday that France will slap a one-off 50% tax on bonuses awarded to bank employees next year. "Banks will be taxed […]
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Posted in General Interest