Tag: financial

July 25, 2014 0

Obama Shenanigans on ‘Factoryless’ Exports, Taxes, Employment, Jobs

By News Desk

Business Insider’s " eye-popping " chart of the day on Why People Are Freaking Out About ‘Tax Inversions’ adds a big megaphone to Obama’s tune. ‘Factoryless’ Exports In addition to seeking higher taxes, Obama simultaneously proposes a rule change to classify " factoryless goods producers " as domestic manufacturers, even if the manufacturing jobs associated with those producers are offshore. The IB Times reports Obama’s jobs proposal was  Slammed by Unions

July 19, 2014 0

Argentina "Determined to Default" Second Time

By News Desk

Argentina "Determined to Default" Second Time Background: Argentina defaulted on bonds following a debt crisis in 2001-2002. 92% of the investors agreed to haircuts, but a vulture fund picked up an 8% share at rock bottom prices and refused to negotiate. In June, the US Supreme Court ruled that Argentina Cannot Selectively Default on the small group of hold-outs.