In Washington on Dec. 15, business executives asked President Barack Obama for a tax holiday that would help them tap more than $1 trillion of offshore earnings, much of it sitting in island tax havens. The money — including hundreds of billions in profits that U.S. companies attribute to overseas subsidiaries to avoid taxes — […]
Read the rest of this entry »Archive for the 'General' Category
Continued Low Housing Prices Could be Ticking Time Bomb
Home prices dropped across America lower than expected. This slide has led some experts to predict that housing is headed for a double-dip. Yet. despite a glut of homes lingering in foreclosure proceedings, analysts say, that a recovery in the housing market will, in large part, depend on an overall economic recovery. Data released this […]
Read the rest of this entry »Gold Set For New Highs In 2011
Gold enthusiasts say the price of the precious metal is set to reach fresh highs early in the New Year, on mounting inflation fears fueled by loose U.S. and euro-zone monetary policies. Because of central-bank purchases and Chinese imports emerging to support gains, gold analysts and traders say they expect the metal to quickly surpass […]
Read the rest of this entry »China Cracks Down On Illegal Mining Of Rare Earths
The term rare earths refers to a group of minerals that are important in the manufacture of a wide range of high-technology products. They are used to make a wide variety of electronic goods, including mobile phones and flat-screen televisions and can be found in specialized industrial products like drills, components for electric automobiles and […]
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