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By By ANNIE LOWREY, on May 17th, 2013 The plan includes limiting the deductions and exclusions high-income families can claim, increasing taxes on tobacco products and adopting a new minimum tax on income over $1 million.
Continue reading Obama’s Budget Would Cut $1 Trillion From Deficit
By , on May 15th, 2013 
Official figures show France entered recession in the first quarter of the year after the economy shrank by 0.2%.
Continue reading French economy falls into recession
By , on May 15th, 2013 <!– google_ad_section_start –> A growing divide between rich and poor risks will yawn still wider if cash-strapped governments keep cutting back the welfare state, an industrialised nations’ think-tank warned on Wednesday. Weighing into a debate on inequality in developed countries, the 33-nation Organisation for Economic Cooperation and Development said welfare spending had mitigated an increase in the wealth gap that emerged with the 2008-2009 financial crisis, but that was running out. <!– google_ad_section_end –>
Continue reading Rich nations’ wealth gap widens as welfare cut: OECD
By , on May 14th, 2013 <!– google_ad_section_start –> A new report, based on 140 interviews with sex workers, clients, police, public health officials and NGO workers, calls on the government to legalise solicitation, end crackdowns and prohibit arbitrary arrests and detentions. <!– google_ad_section_end –>
Continue reading Sex workers in China face police abuse, beatings and torture: Human Rights Watch
By , on May 14th, 2013 <!– google_ad_section_start –> A Philadelphia doctor was found guilty on Monday of murdering three babies during abortions at a clinic serving low-income women in a case that cast a national spotlight on the controversial practice of late-term abortions. Dr Kermit Gosnell, 72, who ran the now-shuttered Women’s Medical Society Clinic, faces the possibility of the death penalty. The case focused on whether the infants were born alive and then killed. He was accused of delivering live babies during late-term abortions and then deliberately severing their spinal cords. <!– google_ad_section_end –>
Continue reading Doctor Kermit Gosnell found guilty of murder in Philadelphia abortion trial
By , on May 13th, 2013 <!– google_ad_section_start –> The UK’s 100 biggest public companies are running more than 8,000 subsidiaries or joint ventures in onshore and offshore tax havens, according to research published on Monday (12MAY), raising fresh concerns about the full extent of corporate tax avoidance. The figures, published by the charity ActionAid, show that only two of the companies listed on the UK’s FTSE 100 have no subsidiaries in tax havens – while companies such as Barclays and Tesco own hundreds. <!– google_ad_section_end –>
Continue reading Top British firms condemned for prolific use of tax havens
By , on May 12th, 2013 <!– google_ad_section_start –> “The most important thing on Mother’s Day is to be good and listen to your mum. Every day should be Mother’s Day,” said 16-year-old Amy Wong Tsz-ching, who woke up extra early yesterday morning to visit a Chinese restaurant for yum cha with her mother and grandma. <!– google_ad_section_end –>
Continue reading Pampering and protests on Mother’s Day
By , on May 10th, 2013 <!– google_ad_section_start –> Real gross domestic product rose only 0.2 per cent on a seasonally adjusted quarter-to-quarter basis, down from 1.4 per cent in the last three months of 2012. Year on year, output in the first quarter rose 2.8 per cent, beating market estimates. <!– google_ad_section_end –>
Continue reading Economic growth slows in first quarter as inflation looms
By , on May 10th, 2013 <!– google_ad_section_start –> Public opinion surveys are widely cited in city, but many doubt they give a fair picture in light of outdated methods and political polarisation. <!– google_ad_section_end –>
Continue reading Pollsters in Hong Kong must deal with credibility gap
By , on May 9th, 2013 <!– google_ad_section_start –> A judge has allowed Birmingham City football club boss Carson Yeung Ka-sing to sit outside the dock with his legal team while the court hears evidence in his HK$721 million money-laundering trial. Defence counsel Graham Harris SC earlier said it would be difficult for Yeung to follow all the information from the dock and asked that he be allowed to sit near his lawyers so he could give instructions on specific points. District Court Judge Douglas Yau Tak-hong said on Thursday that Yeung could sit with his lawyers during the evidence stage. <!– google_ad_section_end –>
Continue reading Carson Yeung allowed to sit with lawyers during money-laundering trial
By , on May 8th, 2013 <!– google_ad_section_start –> The renowned film director fathered three children with actress Chen Ting before they married secretly in 2011. He also had a daughter with his first wife and was further linked to three children from two unidentified women, reports say. <!– google_ad_section_end –>
Continue reading Zhang Yimou linked to ’7 children’, sparks debate over one-child policy
By By HIROKO TABUCHI, on May 8th, 2013 The Japanese carmaker benefited from a weak yen and improving sales in the United States, with net income in the year to March more than tripling from the previous year.
Continue reading Toyota Profit Increases Sharply
By , on May 8th, 2013 <!– google_ad_section_start –> President Xi Jinping’s crackdown on Chinese government extravagance has emptied top-end restaurants and dented the sale of expensive food and drink, putting downward pressure on the world’s second largest economy. High-end caterers in Beijing and other big cities have borne the brunt of Xi’s austerity drive, which he launched in November in an attempt to tackle pervasive corruption and allay criticism of the lifestyles led by some officials. <!– google_ad_section_end –>
Continue reading Sea cucumbers, abalone off the menu in China frugality drive
By , on May 7th, 2013 <!– google_ad_section_start –> Former secretary for the civil service Joseph Wong Wing-ping was called by former development minister Mak Chai-kwong to testify in a housing allowance fraud trial involving Mak and assistant highways director Tsang King-man. <!– google_ad_section_end –>
Continue reading ‘No rules broken’ in cross-lease of flats
By , on May 7th, 2013 <!– google_ad_section_start –> LONDON (AP) — HSBC PLC, Europe’s biggest bank by market value, saw its profits more than double in the first quarter as it booked fewer bad loans than in the same period last year and reaped the benefits of recent restructuring measures. The bank, which has a big presence in many parts of the world including China, said Tuesday that its net profit rose to $6.35 billion in the first three months of the year from $2.58 billion in the same period of 2012. <!– google_ad_section_end –>
Continue reading Lower bad loans give HSBC a big Q1 profit boost
By , on May 7th, 2013 <!– google_ad_section_start –> China’s richest people are stepping up investment in US real estate and other foreign assets as they try to preserve their fortunes in the face of a fast-changing economy, a report said on Tuesday. The report by China Merchants Bank and the consulting firm Bain & Company in China reflects uncertainties about abrupt shifts in an economy in which growth slowed last year to 7.8 per cent from the past decade’s double-digit rates. <!– google_ad_section_end –>
Continue reading Rich Chinese look abroad to preserve wealth
By , on May 6th, 2013 <!– google_ad_section_start –> Recently the Director of Public Prosecutions Kevin Zervos called for tougher civil laws to recover “dirty money”. Civil recovery using the common law is a “hot topic” among property lawyers because of doubts about the leading judgment – a case involving the DPP’s infamous predecessor Warwick Reid. <!– google_ad_section_end –>
Continue reading City’s ‘creative’ dealing with corruption a lesson to follow
By , on May 6th, 2013 <!– google_ad_section_start –> Research by the Chinese Academy of Social Sciences has surprised even the study’s author, who last polled political attitudes in the wake of the Tiananmen uprising in 1989. <!– google_ad_section_end –>
Continue reading Five times more conservatives than liberals in China, says survey
By , on May 6th, 2013 <!– google_ad_section_start –> Sixty-four people have been rounded up in a series of raids on a Tuen Mun triad faction, police said on Monday morning. Police believe 19 of them have triad backgrounds and they include core figures of the triad gang. The 39 men and 25 women were picked up in raids by more than 100 officers over the past two days. Weapons, including knives and iron pipes, were seized along with illegal drugs such as cocaine and ketamine with an estimated street value of HK$10,000. <!– google_ad_section_end –>
Continue reading Triad crackdown in Tuen Mun nets 64 arrests
By , on May 5th, 2013 <!– google_ad_section_start –> North Korea said on Sunday it had no intention of using an American it sentenced to hard labour for 15 years as a bargaining chip in talks with the United States. North Korea sentenced Kenneth Bae, a Korean American who travelled to visit North Korea last November, on Thursday for what is said were crimes against the state. North Korea has in the past used detained American as bargaining counters in dealings with the United States. But the North’s state news agency dismissed speculation it might do so again. <!– google_ad_section_end –>
Continue reading North Korea says no plan to use American as bargaining chip
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French economy falls into recession
Official figures show France entered recession in the first quarter of the year after the economy shrank by 0.2%.
Continue reading French economy falls into recession
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