Socialism
CALIFORNIA COMMITS SUICIDE
By Attorney Jonathan Emord November 26, 2012 NewsWithViews.com On November 6, Californians voted to destroy their state. Other than a brilliant piece by Charlotte Allen entitled “Decline and Fall” in The Weekly Standard, there has been almost no national media attention on this extraordinary event. Over the last several years California has witnessed a... »
France stripped of prized ‘AAA’ credit rating by Moody’s
France has suffered a serious blow to its economic credentials after being stripped of its prized AAA credit rating by Moody’s. By Jonathan Russell TelegraphUK 19 Nov 2012 The rating agency said France’s long-term economic growth had been hit by its inflexible labour market and low levels of innovation eroding its competitiveness and industrial... »
Guest Post: The FHA Is Blowing Up: Bad News For The Housing Market
by Mike Krieger ZeroHedge.com 11/15/2012 The FHA has been the key element to the phony “housing recovery” the government has been trying to create. In the wake of the collapse of 2008, Fannie Mae and Freddie Mac blew up and what was left to pick up the pieces was the FHA. No private player... »
Americans Aged 18-29 Have A More Favorable Response To Socialism Than To Capitalism…(Good Luck With That, Muppets!!!)
by Tyler Durden ZeroHedge.com 11/01/2012 In the prior post, we showed a presentation that looked at America from the perspective of a corporation and how it would be completely unsustainable. Luckily, there is little probability that America will ever have anything to do with S-Corp status, and far more likely end up as an... »
Marc Faber: ‘Reduce Government by 50 Percent Or The System Is Going To Break’
Investmentwatchblog.com October 22nd, 2012 West in a ‘Colossal Mess’ in Five to 10 Years: Marc Faber “I think the regimes will try to keep the system alive as it is for as long as possible, which means there’s no “fiscal cliff,” there’s a fiscal grand canyon,” Faber told CNBC’s “Squawk Box.” Faber argued that... »
French business erupts in fury against “disastrous” François Hollande
France is sliding into a grave economic crisis and risks a full-blown “hurricane” as investors flee rocketing tax rates, the country’s business federation has warned. By Ambrose Evans-Pritchard TelegraphUK 15 Oct 2012 “The situation is very serious. Some business leaders are in a state of quasi-panic,” said Laurence Parisot, head of employers’ group MEDEF.... »
We’re going to run out of money next month, warns Greek leader
NATHALIE SAVARICAS IndependentUK SATURDAY 06 OCTOBER 2012 Greece’s Prime Minister warned yesterday that his country’s coffers would run dry by November unless international lenders disbursed a vital €31.5bn loan instalment soon. Invoking a comparison with the Weimar Republic in Germany before the Second World War, Antonis Samaras also warned of “chaos” in Greece if... »
Portugal announces higher taxes as strike is called
BBCUK 3 October 2012 Portugal has announced several new austerity measures, which were met with a call for a huge strike next month. These include reducing Portugal’s income tax brackets from eight to five. This replaces a social security tax rise that was shelved due to its deep unpopularity. Portugal’s largest trade union, the... »
Spain’s Tax Revenue Tumbles as Companies Flee Country
By: Reuters CNBC.com Wednesday, 3 Oct 2012 Spain’s corporate tax take has tumbled by almost two thirds from pre-crisis levels as small businesses fail and a growing number of big corporations seek profits abroad to compensate for the prolonged downturn at home. Attractive tax benefits can accrue to companies expanding overseas, but for Prime... »
A Capitalist Revolt in Socialist France
Wolf Richter ZeroHedge.com 10/03/2012 The French government is trying to reign in its deficit by jacking up taxes, including the capital gains tax, which it wants to bring to the same level as the tax on income earned by the sweat of your brow—an old philosophical pillar of the French left. But an explosive... »