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We Need a Global Tax on Financial Speculation (www.progressive.org)

British Prime Minister Gordon Brown unveiled an eminently sensible proposal this week: to place a 50 percent tax on all bankers’ bonuses in his country. But another, even more sensible idea of his... More

Tags: financial speculation,gordon brown,us big banks,banker bonuses,obama,imf,the tobin tax,wall street

Submitted 3 months ago by lizchapman | 0 Comments |

Why a Financial Transaction Tax Makes Sense (industry.bnet.com)

Along with legislation to break up big banks, support is growing for another way to stabilize the financial system: a transactions tax. The idea is to levy a small tax — a fraction of one... More

Tags: break up big banks,financial transaction tax,bank reform,too big to fail,gordon brown,imf

Submitted 3 months ago by codydamon | 0 Comments |

Weekly Audit: The Unemployment Epidemic (open.salon.com) TMC

The U.S. unemployment rate officially broke 10% for the first time since the early Reagan years. This is about as bad as it gets for a modern, developed economy. If Congress and President Obama... More

Tags: unemployment rate,unemployment,stimulus,obama,job creation,imf, stimulus,economic policy,congress,tmc

Submitted 4 months ago by lizchapman | 0 Comments |

The Price of Crisis Relief (www.truthdig.com) TMC

Calculations based on data from the IMF show that per capita spending to resolve the current economic crisis has hit $10,000 per person in the U.S., and an even more staggering near-$50,000 per person... More

Tags: tmc,truthdig,economy,money,imf,spending,recession

Submitted 6 months ago by raquelbrown | 0 Comments |

"I would shut down the hedge fund industry" | Salon (www.salon.com) TMC

John R. Talbott is a former investment banker with Goldman Sachs and the author of "The 86 Biggest Lies on Wall Street," "Contagion," "Obamanomics," and "The Coming Crash in the Housing Market."

Tags: tmc,salon,economy,hedge fund,imf,recession

Submitted 7 months ago by raquelbrown | 0 Comments |

Groups Urge Radical Reforms as IMF Offers New Loans (us.oneworld.net) TMC

Two weeks before U.S. President George W. Bush hosts an economic summit to address the six-week-old financial crisis that has wreaked havoc on the world's capital and stock markets, a coalition of... More

Tags: imf,radical reforms,new loan,bush administration,tmc,ngos,financial crisis,economic summit

Submitted about 1 year ago by cdoherty | 0 Comments |

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