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Washington Post: Obama calls for taxing the rich $ 1.5 trillion
President of the United States on Monday called on to levy new taxes of $ 1.5 trillion in order to reduce the country's rising deficit, the attitude is very tough, completely different attitude in consultation with the Republicans in Washington. The White House Rose Garden talk, Obama will tax the rich, and adjust the federal Medicare and Medicaid programs. He also threatened to veto any program against these measures. Compared to the previous $ 450 billion stimulus package, the Obama adopted a more populist approach to solve the current economic difficulties, rather than the previous practice of the kind of compromise negotiations. Runs counter to many points in the conversation with the Republican Party, Republicans criticized it differentiated political strategy, but Obama rejecting the view.
"Times of India" Indian Real Estate FDI hit a four-year low
"Financial Times": Cable to continue to put pressure on banks
today nationwide local businesses offer summary
investors think the Fed will end on Wednesday after two days of interest policy meeting to introduce new measures to stimulate economic growth. Currently on the market long-term interest rates have begun to change. The Fed had previously been described as being whether the introduction of more economic stimulus measures they hesitate. 25 million Americans can not find jobs, to force Bernanke to a series of unconventional actions to stimulate the weak economy; Yet the Fed also is facing pressure from all sides against further action, including the criticism of Republican presidential candidate, as well as the Federal Reserve internal opposition. However, analysts believe the current trend in the market, Bernanke to cut long-term interest rates, the action becomes more likely. 10-year yields have dropped to a record 1.88 percent, which means that the Fed would like to see business and consumers to cheaper prices lending to stimulate the economy.
According to FICCI-Ernst & Young report shows that India's real estate market, foreign direct investment (FDI) fell to its lowest level in four years. Statistics show that the 2008 -2009 fiscal year, India's foreign direct investment of 1.7 trillion rupees (about $ 37.8 billion), 3.36% of the total amount of investment in the real estate market 2010-2011 fiscal year, India's foreign direct The total investment of 1.21 trillion rupees, the real estate market investment accounted for 2.97%. However World steel pipe network editing , in January 2011 to June, the Indian real estate market private equity investment amount of 20 billion rupees (about $ 444 million) and 47% higher than last year's investment. The report said that since March 2010, Reserve Bank of India has 12 times to raise interest rates, the introduction of policies to curb inflation, is expected to increase construction costs, and ultimately affect the real estate market sales.
German Volkswagen Group will consider M & A Suzuki Motor Corporation. According to the German "Der Spiegel" reported on the 18th, a Volkswagen executives said, do not rule out the Volkswagen Group launched a hostile takeover possibility of Suzuki Motor, Suzuki Motor recently lifted and the two years of the Volkswagen Group and cooperative relations. Der Spiegel said that the Volkswagen Group is the largest shareholder of Suzuki cars, 19 World steel pipe network editing .9% stake in the company intends to Suzuki small car production company as a subsidiary of the Volkswagen Group, Volkswagen Group may be the case without the consent of Suzuki Motor the holdings of shares. September 12, the CEO of Suzuki Motor Suzuki repair, Volkswagen Group to interfere in the management of the Suzuki company, want to maintain the independence of the company's cooperation on an equal footing, and the Volkswagen Group.
British public finances there may be £ 12 billion "black hole", economists warned that the UK's fiscal austerity is likely to continue for many years in order to balance the fiscal balance, British "Financial Times" said that after the calculation of the 2011-12 structural deficit in the United Kingdom is now higher than the budget of 12 billion pounds, up 25%; this deficit appears to be permanent, even if the economy to achieve full growth will not disappear; the British Government to eliminate this deficit and the need for new austerity measures, which is equivalent to the VAT increase to 22.5%. Economic analysts believe that the "Financial Times" This argument is credible, because the calculation is based on the British Budget Accountability Office (OBR) model of government loans. However, economic experts believe that, even in the presence of such a deficit gap, the British Government will continue to adhere to the original 2015/16 years prior to the structural deficit reduction targets. This year is expected to reach nearly 50 billion pounds.
two rooms in the United States Monday, will be the borrower may ask for more loan insurance to lenders to charge more in order to reduce the risk, but this will increase the cost of real estate secured borrowings. The U.S. Federal Housing Finance Agency (FHFA) to acquire a condition of Freddie Mac and Fannie Mae is to isolate the risk of loans. Fears that the planned actions are likely to impact the weak U.S. housing market. U.S. Federal Housing Finance Agency Secretary (Edward DeMarco, the government cut the risk of action may mean that the private sector and taxpayers will bear more risk. Two rooms loans purchased from banks and other lenders at the premises to the issuance of bonds, and packaged and to provide security in their own name, and then support the sale of these mortgages to the global investment bonds.
"USA Today": two rooms of higher mortgage security
following September 20 the world's major media financial headlines:
Evans • Cable,
British Business Secretary, hinted that he had no intention to change the attitude of banks and accused the Union Bank of Switzerland is a "fraud agencies. Cable said that the Union Bank of Switzerland's trading scandal has once again proved his idea, Vickers Commission will retail banking and investment business division reform should be implemented as soon as possible. Cable said that if the Who doubts about a thorough reform of the scandal of the Union Bank of Switzerland will eliminate their thoughts. The public can not let these fraudulent institutions caused by weapons of mass destruction and the financial sector, to the detriment of the interests of taxpayers. He also said it would continue to put pressure on banks to continue lending to small businesses. Currently capable of producing small businesses and banks are currently disagreed.
Daily Telegraph: UBS facing pressure stripping part of the business
New York Times: U.S. Federal Reserve Wednesday is expected to take limited action to stimulate the economy
burst traders illegal operations, the Swiss bank scandal (hereinafter referred to as the "UBS") is facing required to divest part of the business pressure. Swiss Parliament on Monday only narrowly rejected a motion, the motion calls for the introduction of a ban on the country's major lending institutions involved in investment banking ban. The reason why some Members have raised this motion because of the UBS Board of Directors appointed its internal Risk Management Committee Chairman, senior independent director David Sidwell, David Sidwell is responsible for the investigation of the illegal operations, events, the event UBS suffered $ 2.3 billion loss. The appointment of UBS has been widely criticized because of its risk management committee should first stop the occurrence of the illegal trading behavior. Insiders questioned whether UBS's internal control sufficient to prevent the illegal trading behavior. The sources said, the Swiss Financial Services Authority (FSA) has put pressure on UBS, asking them to check the internal control mechanism.
Guardian: Britain found that 12 billion pounds of public finance "black hole"
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"Japan Times", the German Volkswagen Group, or M & A Suzuki Motor
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