Some of America’s most powerful bankers (like Morgan Stanley’s CEO James Gorman) and politicians (like New York Mayor Michael Bloomberg) have come to Goldman Sach’s defense in the wake of a scathing resignation letter from a longtime employee (published in the New York Times last week).
Say good-bye to the last bastion of banking privacy. Switzerland’s bank secrecy laws – which date back to 1935 – are finally succumbing to the US’s determination to root out US tax evaders supposedly using the country’s banks to shelter their wealth.
Insider trading was in the news this past week. A growing national scandal was supposedly put to rest. After six years of rejecting any punitive limits on its ability to trade on insider information, Congress finally passed the Stop Trading on Knowledge, or Stock Act. Last Thursday it passed 417 to 2.
Why is Gingrich promising the Canadians to approve their pipeline during a Tampa, Florida campaign stop?Because the pipeline paints the President as more concerned more about environmental politics than creating jobs.
In his State of the Union address two days ago, Obama once again called on both Democrats and Republicans to work together in order to tackle the nation’s most pressing problems of debt, jobs and growth. This is more than just a rhetorical gesture to meet the opposition party halfway or a
Ron Paul wants a gold-backed currency and a smaller government. I couldn’t agree more. But the conservative journal, the Weekly Standard, has brought to light aspects to Paul’s thinking I find indefensible. Quoting former senior aide Eric Dondero (recently fired for “insubordination”), the Weekly Standard said that Paul “does not believe
It’s an easy argument to make and Fox Business does it well in an article excerpted from below, leaving no doubt that that the US is better off than Europe. From GDP growth to the banks, the US’s problems pale against Europe’s. But I have a bone to pick here. Comparing our
Imagine if every time you bought stocks or bonds you were hit with a small tax. How small? 0.0003 cents for every dollar. So if you made a $10,000 transaction, you would be charged $3. Under this circumstance, I doubt you would even notice the fee. But the big banks on the
