Word: crisises
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Today, there are bigger obstacles to its implementation. First, there are the tax's tricky practicalities: Which financial transactions and institutions do you target? And who pays, administers and regulates it? But possibly more importantly, every major financial center would need to be on board for the levy to be...
There's little disagreement that by picking up the banks' half-a-trillion-dollar repair bill, taxpayers got a rotten deal in the financial meltdown. How to make sure they're not forced to pay a second time is unclear. A levy on financial-market transactions, stretched beyond foreign-currency...
Shoppers may not jump at the early discounts. Many consumers are still in a frugal mind frame and can easily recall how retailers slashed prices up to 85% last November and December to unload huge inventories. At that time, shell-shocked retailers, rattled by the collapse of Lehman Brothers, the...
“The issues that we are facing today: we have a job crisis. People are either out of work or they think they will be out of work.” He added, “I am really a representation of the American Dream...the number one...
And it's all true. But the other side of that equation is that the U.S. needs to save more. For the moment, American households actually are doing so. After the personal-savings rate dipped to zero in 2005, the shock of the economic crisis last year prompted people to...