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Economy, Government & Policy

  • [$$] France Broadens Spending Cuts to Reduce Budget Deficit @ The Wall Street Journal - 56 minutes ago

    France's finance ministry said it plans to introduce an additional €4 billion in cost savings to help narrow its deficit to levels required by the European Union.

  • Get Ready For Europe To Print @ Seeking Alpha - 2 hours 33 minutes ago

    By Chris Puplava Back in February I laid the groundwork for why we should expect to see the European Central Bank (ECB) massively expand its balance sheet (see article). The case for expecting to see the ...

  • China's economy overtook Japan's in 2010, but analysts told CNBC China still lags Japan in terms of the quality of its growth.

  • International Monetary Fund staff endorsed a $17 billion loan to Ukraine to help the government pay its debts amid a projected economic contraction of 5 percent this year, according to government officials who have seen the recommendations. An IMF loan would clear the way for additional aid from the European Union, the …

  • Russia tested appetite for ruble bonds for the second time in eight weeks yesterday, only to scrap the auction after seeing how much it would pay to borrow as the crisis over neighboring Ukraine escalates. The Finance Ministry said in a statement that investor bids for the 20 billion rubles ($560 million) in five-year …

  • Business Highlights Associated Press - 4 hours ago

    ___ Apple increases stock buyback, raises dividend Apple Inc. plans to buy back an additional $30 billion of its stock and raise its quarterly dividend by 8 percent amid a slowdown in revenue growth. The ...

  • When a Dividend Signals Weakness @ Bloomberg - 6 hours ago

    The frothiest corner of the fixed-income markets seems to have missed the memo that the Federal Reserve is lifting its foot off the gas. Despite concerns last summer that a reduction in bond-buying might wound the global economy by making it harder to borrow, Bloomberg News reports that U.S. companies owned by private-equity …

  • While conditions in the Eurozone are improving, Portuguese stocks and the related exchange traded fund are still showing signs of volatility. Portugal has come a long way since the Eurozone financial crisis, ...

  • By Michael Lombardi, MBA The International Monetary Fund (IMF) has lowered its growth forecast for the global economy. It says the world economy will now grow by 3.6% in 2014 and 3.9% in 2015; it grew ...

  • Prime Minister Manuel Valls, who vows to slash spending and lower taxes on business, could either sink or replace French President Hollande

  • Venezuela's economic crisis catches up with malls

    Staring through a glass storefront at the Sambil shopping mall, Aleimar Sanchez sees more than a struggling business in the near-empty shelves of a Casio electronics store. She sees a country in sad decline. ...

  • The Russian economy had been earlier predicted by the ministry to grow at 2.5% in the first quarter this year. However, the Russian economy minister, Alexei Ulyukayev, reported the growth to be only 0.8%....

  • The Chinese economy has grown dramatically from a low base level over the past 30 years. It's now the second largest economy in the world at $8.2 trillion.

  • Mexican annual inflation likely eased further in early April, backing expectations that policymakers will leave interest rates on hold this year to bolster a wobbly economic recovery. Mexico's central bank targets inflation of 3 percent with a 1 percentage point tolerance band. A jump in consumer prices, due mostly to …

  • Greek milestone helps Europe put crisis in past

    Europe's debt crisis is receding farther behind in the rear view mirror. Led by good news from Greece, the eurozone on Wednesday notched up several key milestones that together indicate stronger government ...

  • The Importance Of Greece @ Seeking Alpha - 8 hours ago

    There has been much skepticism about Greece's fiscal progress and interim reports suggesting that it was recording a budget surplus when debt servicing, and one-off factors were excluded, were greeted ...

  • Learning From Nixon's Wage And Price Controls If you believe in the free enterprise system and its ability to efficiently allocate productive resources, the blurb below falls in the "I can't believe ...

  • Some states are better than others at giving their residents the best return on their "tax investment."

  • [$$] China Details Cut in Rural Banks' Reserve Requirements @ The Wall Street Journal - 10 hours ago

    China's central bank said it will reduce the share of deposits that some rural commercial banks need to keep as cash at the central bank, effective Friday, in a targeted measure to boost economic growth....

  • [$$] New York Council Proposes to Overhaul Property Taxes @ The Wall Street Journal - 10 hours ago

    The New York City Council on Wednesday plans to propose a commission to overhaul the city's property-tax system to make it more equitable, aides said Tuesday.

  • Huh? IRS Awarded $1 Million in Bonuses to Employees Who Owed Back Taxes

    While many of us scramble to file on time and avoid penalties, an internal investigation has revealed that IRS workers who owed back taxes were actually given bonuses.

  • [$$] Stagnant Wages Need Washington Action @ The Wall Street Journal - 10 hours ago

    Use the tax code to reward companies that share productivity gains with their workers.

  • Euro Zone Deficit Hits Target for First Time Since 2008 @ The New York Times - 10 hours ago

    While the data was a bright spot, the euro zone’s total debt rose to 92.6 percent of gross domestic product — well above the 60 percent target.

  • CNBC's Rick Santelli and Ed Lazear, former Council of Economic Advisors chairman, discuss the tax code system and the health of the U.S. economy.

  • NEW YORK/LONDON (Reuters) - The U.S. manufacturing sector expanded in April and the euro zone private sector started the second quarter on its strongest footing since 2011, while the pace of decline in Chinese factory activity slowed, surveys showed on Wednesday. Financial data firm Markit said its preliminary or "flash" …

  • Maltese Finance Minister Edward Scicluna said budget-deficit figures released by the European Union’s statistics office showed that the government’s policies are working. The Maltese government posted a budget deficit equivalent to 2.8 percent of gross domestic product in 2013, down from 3.3 percent a year earlier and …

  • * Euro zone businesses enjoy best month in nearly three years * Deflation fears remain in euro zone NEW YORK/LONDON April 23 (Reuters) - The U.S. manufacturing sector expanded in April and the euro zone private sector started the second quarter on its strongest footing since 2011, while the pace of decline in Chinese …

  • Wyoming unemployment rate drops to 4 percent Associated Press - 11 hours ago

    State officials say Wyoming's unemployment rate fell to 4 percent in March, down from 4.2 percent in February and 4.7 percent a year earlier. The Wyoming Department of Workforce Services said Monday the ...

  • Colorado would save most of its marijuana tax money while spending about $23 million on school nurses and drug treatment and outreach under a plan approved Tuesday be legislative budget writers. The proposal ...

  • Europe sticks to overdraft limit CNNMoney.com - 11 hours ago

    The eurozone kept government borrowing under control last year, meeting its own limit for the first time since 2008. It was one more layer of evidence that the region is emerging from a devastating debt ...

  • An overall view of the assembly line where the BMW X4 is made at the BMW manufacturing plant in Spartanburg

    The U.S. manufacturing sector expanded in April though the rate of growth was slightly lower than expected as inventories fell, but factory output growth hit its fastest pace in three years, an industry report showed on Wednesday. Financial data firm Markit said its preliminary or "flash" U.S. Manufacturing Purchasing …

  • U.S. on Highway to Flunking Out @ Bloomberg - 11 hours ago

    I am of course discussing our nation’s infrastructure. Last year, the American Society of Civil Engineers gave the U.S. infrastructure a D+. The Revenue Act of 1932 created the U.S.'s federal gasoline tax, charging 1 cent a gallon. Three decades later, President Dwight D. Eisenhower signed the Federal Aid Highway Act …

  • Europe recovery shows signs of strengthening Associated Press - 11 hours ago
    Europe recovery shows signs of strengthening

    A closely watched survey has found business activity across the 18-country eurozone running at a three-year high, in perhaps the clearest sign yet that the economic recovery is gaining momentum. Analysts ...

  • LONDON (Reuters) - The British public's expectations for inflation over the coming year fell to 2.0 percent this month from 2.1 percent in March, its lowest level since late 2009, a monthly survey by polling ...

  • Ukraine Crisis, Part 2: Mis-Priced Risks @ Seeking Alpha - 12 hours ago

    One of the most important lessons we never seem to learn in life is the possibility of the occasionally severe downside we can experience when we decide not only to lie, but start believing our own lies. ...

  • Employees inspect a bullet train at a high speed railway maintenance station, to prepare for the annual mass migration ahead of the Chinese lunar new year, in Xi'an

    LONDON/BEIJING (Reuters) - Chinese factory activity shrank for the fourth straight month in April but private businesses across the euro zone enjoyed their best month in nearly three years, surveys showed on Wednesday. Within the euro zone, Germany - Europe's largest economy - saw activity accelerate whereas in France, …

  • French Finance Minister Michel Sapin told lawmakers that boosting foreign sales is more urgent than reviving demand at home, underlining President Francois Hollande’s resolve to make France’s economy more competitive. “We are suffering much more from a lack of competitiveness than from lack of domestic demand,” Sapin told …

  • Arseniy Yatseniuk, Ukraine's beleaguered premier, claims his country is facing not just military aggression from neighbouring Russia, but "another kind of aggression - aggression through its gas supplies". ...

  • Italy's Banca Popolare di Sondrio (MIL:BPSO) said on Wednesday it had paid back 500 million euros (410 million pounds) in crisis loans received from the European Central Bank ahead of time. In a statement the regional lender said reimbursement of the loans, maturing on February 26 next year, had been completed on Wednesday …

  • Spain's Bankinter (MCE:BKT) reported a 19 percent rise in first-quarter net profit and said bad loans were close to a peak, setting a positive tone for the rest of the country's banks which are aiming to benefit from an improving economy. Bankinter, like bigger rivals such as Santander (SAN.MC) and BBVA (BBVA.MC), is emerging …

  • Higher than expected tax receipts and falling financing costs will allow Spain to sharply cut net debt issuance for 2014 from an estimated 65 billion euros (53 billion pounds), Economy Minister Luis de Guindos said on Wednesday. Spain is due to present an update of its three-year budget plans to the European Union next …

  • Uganda’s economy is forecast to expand 6.8 percent in the next fiscal year as the government boosts investment in road, energy and farming projects to spur growth, according to the Finance Ministry. Gross ...

  • Greece hits milestone, opens way for debt relief Associated Press - 13 hours ago
    Greek milestone helps Europe put crisis in past

    Greece has reached a major financial milestone that its creditors demanded as a precondition for being granted more debt relief, the European Commission said Wednesday. Additional help from its bailout ...

  • Yields fall sharply in Portuguese debt auction Associated Press - 13 hours ago
    Yields fall sharply in Portuguese debt auction

    Portugal's chances of ending its three-year bailout program without requiring more help have increased after interest rates fell steeply in a 10-year bond auction Wednesday. The government debt agency ...

  • China will allow private investment in 80 projects spanning the energy, information and infrastructure sectors as part of reforms to increase privatisation, Premier Li Keqiang said on Wednesday. The 80 projects involving solar energy, hydro power, wind power, and oil and gas pipelines, previously areas monopolised by the …

  • BRUSSELS/ATHENS (Reuters) - Greece is set to obtain more debt relief from its international lenders after European officials confirmed on Wednesday that Athens had topped its fiscal targets and achieved a budget surplus in 2013. Wednesday's announcement come on the fourth anniversary of Greece's official request for a …

  • Czech Finance Minister Andrej Babis says he wants to manage public finances in the same way he ran his $12 billion business. Bondholders approve, awarding the three-month-old government with the lowest yields since May. The country’s second-richest person, owner of Agrofert AS chemicals and food producer, is forcing companies …

  • Greece has reached a major financial milestone that its creditors demanded as a precondition for being granted more debt relief, the European Commission said Wednesday. Additional help from its bailout ...

  • The Index of Leading Economic Indicators indicates an economy that’s accelerating. Asset prices and interest rates were positive, offset by weakness in consumer expectations about the economy.

  • [$$] China Factory Activity Still Weak @ The Wall Street Journal - 14 hours ago

    A still-weak but relatively stable outlook for factory activity in China could ease pressure on Beijing to step up targeted stimulus measures.

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