Month: September 2012

France Piles €20 Billion in Tax Hikes on Businesses and Wealthy
September 28, 2012 0

France Piles €20 Billion in Tax Hikes on Businesses and Wealthy

By News Desk

The Financial Times reports France unveils tough budget measures The measures announced on Friday included the controversial 75 per cent marginal tax rate on earned income above €1m a year, put in place for two years. But, as promised by President François Hollande, France was largely spared the kinds of hefty cuts in public spending, pensions and salaries imposed in other eurozone countries struggling to contain their sovereign debt.

California Hit Parade Rolls On: Atwater Scrambles to Avoid bankruptcy
September 28, 2012 0

California Hit Parade Rolls On: Atwater Scrambles to Avoid bankruptcy

By News Desk

The California hit parade keeps on rolling as yet Another California city scrambles to avoid bankruptcy . Atwater, a city of roughly 28,000 in California’s Central Valley, may declare a fiscal emergency as soon as next week, but it is trying to avoid becoming the fourth California city to file for municipal bankruptcy this year, its mayor said.

Durable Goods Orders Ex-Transportation "Unexpectedly" Drop, Down Third Month, July Revised Lower; GDP +1.3% Second Quarter; June Recession…
September 27, 2012 0

Durable Goods Orders Ex-Transportation "Unexpectedly" Drop, Down Third Month, July Revised Lower; GDP +1.3% Second Quarter; June Recession…

By News Desk

Bloomberg reports Orders for U.S. Goods Excluding Transportation Unexpectedly Drop Orders for goods meant to last at least three years, excluding volatile demand for such things as airplanes and automobiles, fell 1.6 percent last month after a greater-than- previously estimated 1.3 percent decrease in July, the Commerce Department reported today in Washington.