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Republican Sunday will be a millionaire described as imposing a new practice at least optional tax class struggle, said President Barack Obama's proposal could would boycott the proposed Congressional Republicans to portray the public face on the difficult plight of indifference. Obama is expected to be put forward this proposal to the public on Monday, the House Budget Committee Chairman Paul Ryan said that this tax proposal also will the stagflation of the U.S. economy caused a lot of pressure. He said in a television program on Sunday, this proposed system of the United States to add further instability, more uncertainty, but also to punish an increase in employment. Case of the bipartisan budget with the beginning of the Congress Special Joint Committee to agree on the details of this proposal will be Obama's efforts to add a new, populist content, so as to further exert political pressure on Republicans, it agreed to the rich tax increases in order to obtain the support of Democrats in the future of Medicare and Medicaid funding cuts.
Swiss bank to former trader Aduoboli (Kweku Adoboli) illegal operations losses from $ 2,000,000,000 raised $ 2.3 billion, which UBS CEO Gelv Bell has brought greater pressure. But Gelv Bell, said that he will not because of the scandal to resign their own fate will be determined by the UBS Board of Directors. Yesterday, UBS said in an attempt to explain this event, the loss occurred in the past three months, Aduoboli in the case of "unauthorized", the U.S. S & P 500 index, Germany's DAX index and the Euro Stoxx index, stock index futures in speculative trading. UBS said Aduoboli use of "virtual" transactions will be the size of their illegal operations to hide, "virtual" trading Eduoboli use of complex financial instruments known as EFTs. EFTS is designed to mimic the actual stock held under the premise of the real stock market. UBS Board of Directors has set up a special committee to conduct an independent investigation into the matter and make the appropriate investment risk assessment.
the
insider revealed that Tokyo Electric Power Company plans to sell 280 assets to raise 200 billion yen in funds used to compensate the victims of the Fukushima nuclear power plant accident, including Tokyo Electric Power Company headquarters building, staff quarters and the company's entertainment facilities . Tokyo Electric Power Company in May is expected to sell assets amount to 100 billion yen to increase the sale of assets that companies need funds to start in October, the compensation scheme. The Tokyo Electric Power Company lists about 350 of its assets, valued at 300 billion yen, in addition to the inputs of the substations of the electric power operations and power generation facilities, there are 280 assets can be sold, worth about 200 billion yen. Tokyo Electric Power Company's assets will begin in October and auction company in the office after the sale and leaseback to continue in this office.
"Daily Telegraph": Cable UK companies will pay gap attack
Washington Post: U.S. tax cuts mostly for ordinary families
"USA Today: Wal-Mart's CEO, said the United States need to reform tax and signed a new trade agreement
today nationwide local businesses offer summary
U.S. President Barack Obama and Republicans in Congress to amend the tax law to expand the debate. The central theme of the debate over whether to limit the private aircraft and a special tax of the rich, but if the Obama administration's goal is to debt relief, and that this part of the tax is in fact a minority. Allow enterprises to get tax breaks for each class families tax cuts overshadowed. The past two years World pipe network reported that the world's steel pipe network to provide the world's steel pipe network editor , mostly due to the general welfare in the federal income tax law, tax cuts reached a rare milestone, almost equal to its tax relief and incoming. Compared with 25 years ago, tax law substantially revised the figures of tax relief has increased twice, of which only 8% for businesses.
"Financial Times": UK public finances or face a £ 12 billion gap
New York Times: Republicans said the plan to the rich and increase taxes is a class struggle
Cable (Vince Cable),
British business secretary, is expected to be a speech tomorrow at a meeting of the British Liberal Democratic Party on, criticizing the disparities that exist between company executives and employees the remuneration package. The move is a warning issued by the British company executives, Cable is expected to support a plan to force companies to disclose executives and staff salary ratios, criticized that this remuneration packages of executives several times more than ordinary employees. A government source said that Cable's determination to address the problem of unfair company remuneration, which is not limited to banking, but for all companies. In recent years, the British company's average pay has increased substantially, but its performance did not rise at the same rate. Cable is the UK before the election, the Liberal Democratic Party, "the most promising politicians, he was eager to prove and did not give up before commitment.
steel futures weekly / monthly analysis report
Indian steel ministry will write to the Ministry of Finance, Government of India iron ore export tariffs from the current 20% to 30%, to ensure the long-term supply of raw materials for domestic steel companies in India. Taking into account the dwindling number of reserves of raw materials in India, Indian Iron and Steel Minister Prasad Willmar proposed increase in tariff proposal is currently awaiting ratification and implementation of India Ministry of Finance. Government of India had in the Budget to iron ore tariff rate to 20 percent, aims to reduce the iron ore exports to encourage domestic enterprises to enhance their raw materials, value-added. India's iron ore industry does not agree with the move to increase tariffs for the industry over 100 million people adversely affected. Mining Association of India is expected fiscal year 2011 Indian iron ore exports will be reduced by more than 20%, to 75 million tons, lower than the 2010-2011 fiscal year and 98 million tons.
Times of India "Indian Steel Ministry to increase iron ore export tariffs
"Japan Times, Tokyo Electric Power Company plans to sell 280 assets
following the September 19 financial headlines of the world's major media.
Wal-Mart CEO Mike Duke said in an interview Sunday, short-term economic fixes may be effective, but to maintain the increased employment and tax reform must be carried out and sign a new trade agreement. Duke said, to increase employment to the long-term structural problems must be solved, and should reduce water and as much as possible to broaden the tax baseWorld Steel Pipe , should also sign a new trade agreement, the agreement has been signed to prevent the development of the U.S. employment and expansion, in addition, he believes the U.S. government needed to solve health care problems, we must find effective ways to reduce health care costs borne by the public and the private sector. In addition, Duke pointed out to him every week personally to the store to inspect learned that consumer confidence is not good, employment is the consumers are most worried about a single topic. Long-term high unemployment rate makes the cycle of consumer confidence has been down. He also said that in markets such as Brazil, China, the pace of recovery is very fast and optimism thicker.
England the Ministers this fall may be inform the Government's public finance facing a £ 12 billion "black hole", the forecast deficit reduction strategies and policy tightening to be postponed until the next parliamentary period. "Financial Times" Copy the responsibility for the budget office of government borrowing, found that the 2011-12 structural deficit will exceed 12 billion pounds, up 25 percent, higher than previously expected. The basic elements in the reconstruction of responsibility for the budget office, obviously lending did not decline, but the unused space of the economy than previously expected decline again to make economic growth is expected to be no more than in March. More deficits fixed, will not eliminate the economic rebound.
"The Guardian": UBS illegal trading losses increased to $ 2.3 billion