The pressure on the Swiss convinced them to loosen privacy rules for banks. I don't like this one bit. The key to reducing tax cheating is to change oppressive tax laws, not attack privacy. It looks relations with the Swiss may be going downhill. Energy companies are fleeing to Switzerland to avoid President Obama and his hunt for tax money.
The tidy towns and mountain vistas of Switzerland are an unlikely setting for an oil boom. Yet a wave of energy companies has in the last few months announced plans to move to Switzerland -- mainly for its appeal as a low-tax corporate domicile that looks relatively likely to stay out of reach of Barack Obama's tax-seeking administration.
This article really shows the benefits of low taxes, but apparently the Swiss are caving to modern economic fallacies too.
Barney Frank looking to determine compensation for Wall Street executives. Corrupt Frank and his government have enough damage already. Leave our economy alone so we can fix it.
It sounds like the Obama administration is trying to differentiate between enemy combatants and criminals in Guantanamo, but completely abandoning the term enemy combatant sounds counterproductive. Some, if not most, of the detainees really are enemy combatants.
South Carolina Governor Sanford compares Obama's economic policies to Zimbabwe's economic policies. Good for him. Bad for us.
Maxine Waters busted for corruption, using her influence to obtain bailout funds for a bank she owns a significant stake in. But that can't be the first time. She was also a huge defender of Fannie and Freddie, and along with Barney Frank, who's lover was an executive at Fannie or Freddie, I can't remember which, blocked efforts to regulate those corrupt government sponsored entities. Let's hope the FBI takes her down like she and Frank deserve.
Obama considers plan to force veterans to use their private insurance to pay for medical treatment. This really is outrageous. Basically Obama's saying socialized medicine is too expensive for veterans, but he's trying to convince us it's not too expensive for everybody else in the country. Obama is the uber-hypocrite. Fortunately, it looks like this plan has no legs. We end socialized medicine for veterans by giving them vouchers for private health care and government should get the heck out of our health care business.
In 2006 interview, Jim Cramer explains how the big hedge funds use deceptions to manipulate the market to make extra money. Pretty interesting. If you have the kind of money he's talking about, you can do that. What's interesting is that these are small duration manipulations. The real value of the market does shine through in the long run.
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