Liam Dann: US President Joe Biden s war on tax havens will impact worldwide
10 Apr, 2021 05:00 PM
5 minutes to read Maybe it s because I come from a middle-class neighbourhood, I m sick and tired of ordinary people being fleeced, said US President Joe Biden. Photo / AP Maybe it s because I come from a middle-class neighbourhood, I m sick and tired of ordinary people being fleeced, said US President Joe Biden. Photo / AP
OPINION:
America is going to war on tax havens.
Joe Biden wants big corporations to pay more tax, not just at home in the US but around the world. This week, his Secretary of the
Patient readers, more soon. –lambert
Bird Song of the Day
At reader request, Birds of Australia. A duet.
#COVID19
At reader request, I’ve added this daily chart from 91-DIVOC. The data is the Johns Hopkins CSSE data. Here is the site.
I feel I’m engaging in a macabre form of tape-watching.
A little dip, hopefully supply not demand. • Early in February, I said a simple way to compare Biden’s performance to Trump’s on vaccination would be to compare the curves. If Biden accelerated vaccine administration, the rate of vaccination post-Inaugural would kink upward, as the policies of a more effective administration took hold. They have not. The fragmented, Federalized, and profit-driven lumbering monstrosity that we laughingly call our “health care” “system” has not responded to “energy in the executive,” but has continued on its inertial path, albeit in an upward direction.
На 100-м году жизни умер британский принц Филипп delo.ua - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from delo.ua Daily Mail and Mail on Sunday newspapers.
A
FTER ACCEPTING the Nobel prize in economics in 1999, Robert Mundell crooned “My Way”, the song by Frank Sinatra, to guests at the banquet. His way, as he put it, involved falling in love with economic theory, obtaining a
Ph
D at the Massachusetts Institute of Technology, and spending time in London writing his thesis. It also involved crafting foundational ideas in the field of international economics, including one that earned him the title of a father of the euro. He died on April 4th at the age of 88.
Listen to this story
Enjoy more audio and podcasts oniOSorAndroid.
Mr Mundell attributed some of his interest in international economics to Canada, the country of his birth. In the 1950s it had, unusually, a floating not a fixed exchange rate. It also contended with large capital flows to and from America. What became known as the Mundell-Fleming model sought to explain the implications of Canada’s setup.
Did the Fed Stop Reporting the Money Supply (M2)? Why Inflation is Coming Back
Share
Share
Jay Powell, Fed Chairman
Reports are circulating that the Federal Reserve has given up on reporting the money supply because it’s a misleading guide to economic growth and price inflation.
The broad-based M2 has been growing at double-digit-percentage rates for several years M2 is up by 25% in the past year yet price inflation (Consumer Price Index) is still hobbling along at 2% a year.
Last week, Fed Chairman Jay Powell said he has given up on the money supply as an indicator of the economy and inflation.