Tag: credit

March 21, 2014 0

China Faces "Minsky Moment" on Ponzi Financing

By News Desk

Please consider Morgan Stanley: China’s Minsky Moment is Here . [Mish Note:] The prelude to the report on MacroBusiness Australia is interesting in and of itself: " From Morgan Stanley comes the latest must read bearish China report.

December 23, 2013 0

A carbon-reduction tax credit is a carbon tax, and that’s a good thing

By News Desk

Tweet Stoats of the world can take pleasure in this proposal by outgoing senator Max Baucus to simplify the approximately one billion Amercian clean energy tax incentives and to provide instead a tax credit based on how much carbon reduction (above a threshold) is produced per unit of electricity or unit of transportation fuel. There’s no economic difference between providing a tax credit that reduces from a higher baseline, versus imposing a tax that increases from a lower baseline, so long as they’re equally comprehensive

December 23, 2013 0

Christmas Sales Decline at Target in Wake of 40 Million "Compromised Credit" Cards; Stolen Cards for Sale on Black Market

By News Desk

The Washington Post has details in Target says 40 million credit, debit cards may have been compromised Company officials offered few details on the intrusion, which reportedly began the day before Thanksgiving and lasted until Sunday this week. Security experts said that the kind of information stolen – including names, card numbers, expiration dates and three-digit security codes – could allow criminals to make fraudulent purchases almost anywhere in the world. The breach highlighted vulnerabilities in the massive, interconnected shopping systems used for billions of dollars of retail transactions every day.