Since becoming the Prime Minister of Japan, Shinzo Abe has implemented controversial steps to revive Japan’s economy. Tomorrow marks his riskiest move when he raises the consumption tax for the first time in 17 years. Starting this new fiscal year on April 1st, the consumption tax will rise from 5 percent to 8 percent. This could be problematic for Japan’s recovery.
Month: March 2014
The blunt-spoken, Libertarian-leaning senator from Kentucky, who won the 2016 presidential straw poll among leading conservatives, favors a flat tax: a one-rate income tax system…
Jose Manuel Barroso, president of the European Commission, the EU’s executive body, said growing tension with Russia over its actions in Ukraine serve as a…
The Dow rose about 140 points, while the S&P 500 is now very close of its all-time high. The Nasdaq jumped over 1%. Investors were…
The Labor Department posted what some would say are encouraging employment numbers this past Friday. Unemployment rates dropped in 29 states, remained unchanged in 11,…
On April 1 Japan will raise the consumption tax will rise for the first time in 15 years from 5% to 8%. Predictions say the…
Since the financial crisis hit markets, European Banks have resisted unloading troubled corporate loans for fear of having to record heavy losses. In past years,…
The Reserve Bank of India is set to announce its monetary policy for the 2014-2015 year on April first. While much of the speculation has…
Do you all remember the website that President Obama made for Obamacare? Theses exchange websites did not work and only 6 people signed up in the…
As we are slowly recovering from the financial crisis, I found an interesting article by CNN Money on 10 fastest growing cities. The populations of…
While economics and climate change have long been considered very distinct fields, in the coming decades a synthesis between the two may be necessary when…
Siemens CEO Joe Kaeser gave a rare sign of German support to Russian President Vladimir Putin at the height of an economic standoff with the…
The recent depreciation of China’s exchange rate with the US$, to which it is pegged, garnered headlines. Until now those watching China believed that the…
In the latest sign that China is pressing forward in it’s efforts to revamp the country’s financial system, Chinese regulators have begun experimenting with allowing…
After two straight months of decline, February showed that the order for durable goods order grew by 2.2 percent. The main source for this growth…
With inflation in the Eurozone stubbornly remaining at below 1%, less than half the European Central Banks target rate, and the threat of deflation continues…
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Sanctions against Russia have led Visa and MasterCard to stop processing some Russian transactions (Buisnessweek.com). Electronic currency is widely used in the modern economy and…