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Property tax may need to rise to pay back bonds

If property values don’t start increasing, the state may need to increase property taxes or tap the general fund to pay off its bond debt, legislative analysts told lawmakers. Read More..

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Britain’s economy dangerously close to recession

Britain’s economy shrank by more than expected in the fourth quarter, data showed Wednesday, January 25 placing it dangerously close to recession as the eurozone debt crisis and austerity measures hit output. Gross domestic product (GDP) dipped 0.2 percent in the three months to December, the Office for National Statistics said in a statement. Read More..

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Coaltion rallies for revenue hikes; O’Malley suggests sales tax

How do you show bureaucrats and policymakers that it’s time to raise taxes? Read More..

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Miller wants to expand gambling and raise gas and flush taxes

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Contributing Towards an RRSP Has Many Benefits

Do you have an RRSP? If not, you should definitely consider the potential advantages of starting one. Read More..

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Analysis of the Asian financial markets of the day January 2, 2012

After the last day of 2011 in positive Asian financial markets have closed the first day of the new year with a mixed result can be described as flat. The first closing was influenced by the lack of references, in addition to the closure of the major indices closed for holiday.
 
While most of the markets that have opened have closed in positive, the TAIEX Taiwan has made a negative, a loss of -1.69. Have positive Kospi ended with an increase of 0.14% and Sensex to 0.37%.
The only reference macroeconomic Asian investors have been the manufacturing PMI. This data has been surprising in the case of China, which rose from 48.0 to 50.3, the increase in PMI indicates the beginning of a period of economic expansion.
 
In my opinion, this PMI data is very nearly 50 and I’m not suggesting that the forecasts for the first quarter have changed. I maintain that growth in China will be adjusted to 8% or less, that the housing bubble is a real threat to China’s economy and is likely to be credit problems throughout the year.
 
The PMI also rose in India and fell in South Korea. In India 51.0 pass in November to 54.2 in December. This significant rise in manufacturing indicates that fears of decline in production were not as deep as believed. The PMI data indicates an increase in demand both internally and externally, and indicate that currently no additional measures are needed adjustment by the RBI.
 
The manufacturing PMI data over South Korea are not as rosy as those of India. Korea back for the fifth consecutive month to 46.4 from 47.1 in November. As determining factors for this decline have employment that is challenging for the first time in the last three years and continuing deterioration in exports. To tell what happens in India, Korea will have to take expansionary measures to boost its economy.
 
This day could be considered transitional and will be tomorrow, with all the financial markets open when you start to see the way that investors draw for the month of January.
Finally, wish all my readers that this year 2012 is full of good things for each and every one of you.
 
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America’s Growing Wealth Disparity

There is no question that free trade has been bad for the country. Evidence of this is found in the shrinking of our middle class. While the rich are getting richer, the middle class is being relegated to low paying service sector jobs, with little hope of achieving the kind of financial success that could have been had just decades ago when our manufacturing base was still strong. Read More..

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America Can No Longer Support Its Own Needs

America is running on imports. Meeting the basic needs of the average American on only American-made products is incredibly difficult, if not impossible. Living on imports is not sustainable in the long-term, and the United States needs to find a way to pry itself out of this increasingly desperate situation if it wishes to maintain any quality of life for its citizens. Read More..

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Economists Agree On Infrastructure Investment

There is a growing consensus among economists that to tackle the nation’s economic problems, job creation needs to happen first, with controlling the deficit a distant second. Despite the fact that this idea is so widely supported, our government continues to ignore its needs to instead focus on the wants of the wealthy. We need to be funding projects that create jobs, such as infrastructure and new investments in green technology. Read More..

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U.S. Aims to Intensify Efforts Against Unfair Chinese Practices

The U.S. trade deficit has ballooned since China joined the World Trade Organization in 2001, and this is not just due to competition. The Chinese have engaged in a number of unfair practices that have given them a big advantage in the international marketplace. Now the Obama administration is saying it will more eagerly address these issues through WTO complaints, but this will only be a band-aid on the huge problem that is the United States’ membership in the WTO. Read More..

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