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Opinion is mixed about whether tax that primarily targets the rich would solve today's debt problems. "Once the marginal rate exceeds 40%, you get high levels of tax avoidance and evasion," says Daniel Feenberg, an associate with the National Bureau of Economic Research in Cambridge, Mass. (See the best business deals...
...piles of sterling for dollars. Toss in the relentless pressure from speculators betting on a falling pound, as well as Britain's generally horrible fiscal position, and "sterling has sailed into a perfect storm of negativity," Nick Beecroft, a senior foreign exchange consultant at Saxo Bank, wrote in a research note earlier this week...
...collapse. And while it's true that speculators are adding to the pressure on sterling - the value of short positions on the pound rose to more than $6 billion in the week prior to Feb. 23 - they remain "the froth at the top," insists Simon Derrick, head of currency research at Bank of New York Mellon in London. (See pictures of London...
...started out like any other trip to the library’s Langdell Hall. Kim’s research on the expansion of judicial power led him to visit the ILS building to obtain some Chinese language material. ILS is connected to the main library by a bridge and—unbeknownst to Kim—has different hours of operation than certain floors of the main building...
...When it comes down to it, though, it is not the parliamentarians that make the final decision. Frumin's $170,000-a-year job is strictly advisory: he recommends, based on his expertise and the research done by his office on precedents, a course of action to whomever is presiding over the Senate - in formal votes this is the Vice President. But if the leaders choose to ignore the parliamentarian's advice, they do so at their own peril: rulings that aren't backed up are subject to challenge. "Whoever's in the chair does make the ultimate decision...