What Investment Options are Available in the Canadian Market?
January 9, 2012
The Canadian stock market offers plenty of opportunities for individual investors. Here is some information and news about them.
Even though it is smaller than the American stock exchange, the Canadian stock market has some interesting investment opportunities that may be worth adding to the portfolio of some investors. While it is subject to the same potential volatility as the American stock exchange, recent news reports suggest that the Canadian market is starting to gain some ground after unemployment claims in the United States have decreased.
A Business Week report published on December 22nd 2011 shows advancement for the past few days in some of Canada’s biggest players. Royal Bank of Canada, which is the country’s biggest lender in terms of assets, has risen by 3.9 percent. Potash Co...
Soros: euro collapse repercussions catastrophic
January 9, 2012
A collapse of the euro and break-up of the European Union would have catastrophic consequences for the global financial system, billionaire investor George Soros was quoted as saying.
“Today, the euro is potentially endangering the political cohesion of the European Union,” the Business Line newspaper cited Soros as saying in the south Indian city of Hyderabad.
“If the common currency were to break down, it will lead to the break up of the European Union itself. And this will be catastrophic not only for Europe but also for the global financial system.” The euro zone crisis is “more serious and more threatening than the crash of 2008,” the Economic Times report...
Higher state borrowing proposed over Franchot’s objection
January 3, 2012
A state debt committee voted to increase Maryland’s borrowing by $150 million next year to almost $1.1 billion, and the decision left Comptroller Peter Franchot steaming.
“One week we are taking in less money, and the next week we are spending more,” Franchot said in an interview, referring to a write down of estimated revenues Dec. 9. “We are doubling down with a vote on a failed economic model” – that higher taxes, more spending and more debt can reduce unemployment.
Increasing the amount of bonds issued is in line with last Thursday’s recommendations of the legislature’s Spending Affordability Committee to increase capital debt to spend on infrastructure pro...
The Only Republican Who Understands The Real Issues
December 29, 2011
President Obama has already shown his unwillingness to do the things we must do to fix our country, and our two party system means the only viable alternative will likely come from the Republican Party. Unfortunately, all of the big names in the Republican primaries are either ignoring the big issues, or are on the wrong side of them.
The U.S. currently has a massive trade deficit that is costing American jobs, but this has scarcely been mentioned in the debates. This deficit is fueled by our misguided free trade policies, but the mainstream candidates are not talking about getting out of the free trade agreements that are shipping our jobs overseas. Many of...
Focus On Exports Is Misguided
December 22, 2011
President Obama has set a goal of doubling U.S. exports by 2015, saying that it will create jobs, but merely focusing on doubling exports leaves America vulnerable to a flood of imports. In a post on Foreign Policy’s website on Monday, Clyde Prestowitz pointed out that President Obama is thinking about job gains from trade in the wrong way. Instead of focusing on doubling exports, the president should be focusing on halving the trade deficit.
The president’s plan for doubling exports seems to include nothing but pushing new free trade agreements. The free trade agreements that were recently passed with South Korea, Colombia and Panama were part of this plan. The Oba...
America’s Perplexing Affair with Disastrous Free Trade
December 19, 2011
The United States is in open competition with the very countries from which we buy our goods and finance our government. These countries supply our consumption while simultaneously competing fiercely against our companies in international markets. India, Japan, China and the European Union consistently rail against “protectionism” in the U.S., because they do not want their unfettered access to the U.S. market tampered with.
The U.S. is told that it must oblige to its commitment to free trade — not because it is in OUR best interest, but because it is in our foreign creditors’ best interest. Foreign exporters finance our government so the U.S. can continue functioning, and then they make all of th...
KORUS Implementation Expected in February 2012
December 15, 2011
Despite some hiccups in passing the Korean Free Trade Agreement (KORUS) in both countries, the trade agreement will likely be implemented by February 1 of next year. This agreement will be devastating for many American industries, and was not negotiated with the best interest of the majority of Americans in mind. This is yet another free trade handout to large corporations that will line the pockets of their executives while putting more middle class individuals out of work.
Free trade agreements have never been good for the middle class. While Americans are promised cheaper products and access to foreign markets for their manufactured items, the reality is that multinational...
Avoid Trade War? We’re Already in One!
December 12, 2011
Whenever protectionists like myself demand that the U.S. government do something to stand up for America in global trade, we are shouted down with the stern admonition, “You’ll start a trade war.”
I wish.
The reality is that nobody in America is going to start a trade war, for the simple reason that we are already in one. Foreign governments understand, as ours does not, that international trade is an arena of national rivalry, and they play the game in their own national interests. Our government is hostage to an outdated 19th-century economic theory of global harmony, and on this basis conducts our trade relations with blissful naiveté.
The U.S. Tax Hypocrisy
December 8, 2011
The GOP has been very vocal in recent years about establishing fairness in taxation. In an effort to protect the wealthy from what some conservatives have dubbed “socialism,” Republicans have argued that the only fair system is to tax every American at the same rate, regardless of their income. They claim this belief was adopted to prevent the rich from paying more than their share in taxes than the middle and lower classes. Yet unfathomably, plenty of America’s wealthiest citizens actually pay a much lower percentage of their income for Federal taxes than the rest of the nation.
The Borrowed Handouts for the Rich
December 5, 2011
The United States has long been divided on the issue of how to tax its citizens. From Capitol Hill to the office cafeteria, the debate rages on: Democrats push for tax hikes on the wealthy, while Republicans are in favor of a more level field of taxation. Although there is an argument to be made for both sides, there is no question that the U.S. needs to increase its revenue. If this is not done through a tax increase for the only Americans that can afford one (i.e. the wealthy), there must at least be a reduction to the tax benefits and handouts these millionaires receive.
Conservatives believe that a higher tax for the rich creates an unfair system that punishes people for being successful. Ye...
Advertisement
Share it
Latest Headlines
- JPMorgan Chase’s Plans to Eliminate 20 Investment-Banking Jobs
- Samsung Announced Galaxy S III in London
- MasterCard Profit Increased 25% in First Quarter
- Fiat’s 1Q Profit Rose due to Chrysler’s Strong Sales
- U.S. Home Prices declined in February
- Apple Defends the New iPad in Australia
- Mark Zuckerberg bought Instagram for $1 Billion
- World Bank Named Jim Yong Kim as its New President
- More homes receiving foreclosure notices
- Hybrid Owners Chose Another Vehicle When Returning To The Market