Hard hitting global and local news
Hard hitting global and local news
NewsDay reports Bank of Japan vows market steps to curb bond turbulence The Bank of Japan vowed yesterday to take necessary steps to reduce volatility in bond markets that has threatened to jeopardise the government’s fight to end deflation and revive growth. BOJ Governor Haruhiko Kuroda vowed to take steps needed to reduce volatility in the JGB market, but he disappointed some bond investors by sticking with the strategy of leaving it to BOJ bureaucrats to address the problem by tweaking the bank’s market operations.
Nikkei Plunges 1,143 Points (7.32%); Global Equities Hammered; Start of Reflation Bubble Bust? Posted by Michael Shedlock at 1:49 AM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice
Inquiring minds with extra time on their hands this morning are plodding through the Full Transcript of Bernanke’s Testimony To Joint Economic Committee, U.S. Congress looking for the usual collection of half-truths, distortions, and outright lies it usually contains. Here are some point-by-point statements by Bernanke with my comments immediately following each set of statements.
Accounting Today reported on October 6, 2011 McCain and Hagan Introduce Repatriation Tax Holiday Bill . Senators John McCain, R-Ariz., and Kay Hagan, D-N.C., introduced legislation Thursday allowing multinational corporations to repatriate their foreign earnings at a reduced tax rate.
View article: Abenomics in Review: Yen, Inflation, Exports, Imports
Tweet Thoreau at High Clearing has been going on for some time about MOOCs and why he thinks they are a failing fad. He proposes a new buzzword, Hight-Touch Engagements, e.g. small classes, Online tools won’t go anywhere* (despite my bitching, I use a few of them to supplement my evil in-person class, I just don’t go around preaching that I’m saving the world with some new religion), but in a few years the fad will switch from sending everybody to college on their sofa with an LCD to some sort of opposite extreme.
John Mashey said… A definition of small government:when *your* state is in trouble from disaster, Federal help would be wasteful, but when it’s my state, it’s different.May we should do this differently.1) States can either opt in or out of Federal or regional disaster aid, and if opt in, pay for it, i.e., to spread the risk
Please consider California exchange granted secrecy .