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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 By BEN PROTESS, on May 15th, 2013 A rule set for regulators’ approval could protect Wall Street’s control over the $700 trillion derivatives market, a lucrative business that helped cause the financial crisis.
Continue reading DealBook: Banks’ Lobbyists Win Softer Rule on Derivatives Trades
By By MICHAEL POLLAN, on May 15th, 2013 Medicine used to be obsessed with eradicating the tiny bugs that live within us. Now we’re beginning to understand all the ways they keep us healthy.
Continue reading Say Hello to the 100 Trillion Bacteria That Make Up Your Microbiome
By , on May 15th, 2013 <!– google_ad_section_start –> An unusual Xinhua report has led to speculation that China’s state-run news agency has taken a subtle shot at the promotion of a son of one of China’s most powerful political figures. The cryptic report led to online debate on whether Wu Lei, a 37-year-old official soon to be promoted, could be the younger son of Wu Bangguo, the recently retired head of China’s rubber-stamp parliament, the National People’s Congress. <!– google_ad_section_end –>
Continue reading Is ex-NPC chief Wu Bangguo’s son latest descendant to be promoted?
By , on May 14th, 2013 <!– google_ad_section_start –> European authorities have raided the offices of oil majors Shell, BP and Statoil as part of a probe into suspected manipulation of prices, one of the biggest cross-border actions since the Libor rigging scandal. <!– google_ad_section_end –>
Continue reading EU raids oil majors – BP, Shell and Statoil – over price-fixing probe
By , on May 14th, 2013 <!– google_ad_section_start –> Singapore said on Tuesday it will implement new measures that will make it easier to share information with other countries on cross-border tax evaders trying to hide assets in the city-state. The move comes as the United States and developed countries in Europe intensify efforts to ferret out citizens who avoid paying taxes by parking their money in offshore financial centres like Singapore. <!– google_ad_section_end –>
Continue reading Singapore boosts measures against global tax cheats
By , on May 14th, 2013 <!– google_ad_section_start –> South Korean President Park Geun-Hye said Tuesday she wants talks with North Korea on removing raw materials and finished products from a joint industrial complex closed by military tensions. In a cabinet meeting, Park instructed the Unification Ministry to offer Pyongyang discussions on the Kaesong complex, which lies 10 kilometres (six miles) inside the North Korean side of the joint border. <!– google_ad_section_end –>
Continue reading South Korea leader wants talks with North on industrial park
By , on May 8th, 2013 <!– google_ad_section_start –> Japanese criminal groups are pocketing millions of yen in government funds for supplying workers to help clear up areas contaminated with radiation from the crippled Fukushima Daiichi nuclear plant, according to an expert on the Yakuza gangs. <!– google_ad_section_end –>
Continue reading Yakuza cash in supplying workers for nuclear clean-up
By By ASHLEY PARKER, on May 8th, 2013 Senator Marco Rubio disputed a Heritage Foundation analysis released Monday that found the legislation offering a pathway to citizenship would produce a “lifetime fiscal deficit” of at least $6.3 trillion.
Continue reading Rubio Says Heritage Foundation Analysis on Immigration Is Flawed
By , on April 30th, 2013 <!– google_ad_section_start –> China is responsible for just a shade over 7 per cent of that total debt. And while it remains the single largest foreign lender (just ahead of Japan), China’s been slowly trimming its holdings, down from nearly 10 per cent a few years ago. Overall, all foreign investors, including national central banks, account for roughly one third of the total outstanding federal government debt. <!– google_ad_section_end –>
Continue reading US loans from China at issue in debt-ceiling fight
By , on April 28th, 2013 <!– google_ad_section_start –> Italy’s new coalition government was sworn in on Sunday, bringing fresh hope to a country mired in recession after two months of bitter post-election deadlock watched closely by European partners. Prime Minister Enrico Letta was the first to take the oath of office at a ceremony led by President Giorgio Napolitano, who appointed him after the centre-left won February elections but without the majority needed to govern. <!– google_ad_section_end –>
Continue reading Italy’s new government sworn in after deadlock
By , on April 27th, 2013 <!– google_ad_section_start –> Growth in Chinese industrial firms’ profits slowed last month, adding to evidence the mainland’s economic recovery is losing steam. Net income rose 5.3 per cent to 464.9 billion yuan (HK$580 billion) from last March, down from a 17.2 per cent pace in the first two months of this year, the National Bureau of Statistics said yesterday. <!– google_ad_section_end –>
Continue reading China’s economic recovery hit as profit growth wanes
By , on April 26th, 2013 <!– google_ad_section_start –> DHAKA, Bangladesh (AP) — As Bangladesh reels from the deaths of hundreds of garment workers in a building collapse, the refusal of global retailers to pay for strict nationwide factory inspections is bringing renewed scrutiny to an industry that has profited from a country notorious for its hazardous workplaces and subsistence level wages. <!– google_ad_section_end –>
Continue reading Big brands rejected Bangladesh factory safety plan
By , on April 26th, 2013 <!– google_ad_section_start –> Chinese authorities have sentenced more than 1,400 people to prison terms of at least five years for involvement in underground lending in a crackdown on a financing practice widely used by China’s entrepreneurs, a police official said on Friday. The 1,449 people imprisoned were among a total of 4,170 people convicted since 2011 of violating rules on loans outside the state-run banking system, said Du Jinfu, a Public Security Ministry official in charge of a task force on underground lending. He said the rest received lesser penalties. <!– google_ad_section_end –>
Continue reading China jails more than 1,400 in lending crackdown
By , on April 23rd, 2013 
The UK government borrowed £120.6bn in the financial year to April 2013, slightly lower than the amount it borrowed the previous year.
Continue reading Slight dip in UK public borrowing
By , on April 18th, 2013 <!– google_ad_section_start –> The Beijing News reported yesterday that Liu colluded with Shanxi businesswoman Ding Shumiao from the end of 2007 and granted railway projects to 23 state-owned firms Ding chose. Ding and her underlings consequently illegally obtained about 3.2 billion yuan, with about 2.4 billion yuan going to Ding alone. <!– google_ad_section_end –>
Continue reading Ex-railways chief Liu Zhijun meddled with projects worth 175b yuan, court hears
By , on April 15th, 2013 <!– google_ad_section_start –> Greece cleared a key hurdle in its drive to receive its next batch of bailout loans after international debt inspectors said on Monday they had reached an agreement over the country’s economic reforms, including the firing of thousands of civil servants. <!– google_ad_section_end –>
Continue reading Greece reaches deal on bailout loans
By , on April 11th, 2013 <!– google_ad_section_start –> BANGKOK (AP) — World stock markets powered higher Thursday after a U.S. communications company posted a surprise jump in earnings that led to big gains in technology stocks and new highs on Wall Street. Markets took additional encouragement from the release of minutes from the U.S. Federal Reserve’s March meeting, which showed a majority of policymakers in favor of continuing the central bank’s bond purchases to help boost the U.S. economy at least through the middle of the year. <!– google_ad_section_end –>
Continue reading World stocks up as Wall Street climbs
By , on April 11th, 2013 <!– google_ad_section_start –> BANGKOK (AP) — Asian stock markets powered higher Thursday after a U.S. communications company posted a surprise jump in earnings that led to big gains in technology stocks and new highs on Wall Street. Markets took additional encouragement from the release of minutes from the U.S. Federal Reserve’s March meeting, which showed a majority of policymakers in favor of continuing the central bank’s bond purchases to help boost the U.S. economy at least through the middle of the year. <!– google_ad_section_end –>
Continue reading Asia stocks up as Wall Street climbs on tech gains
By , on April 10th, 2013 <!– google_ad_section_start –> Obama said his blueprint for fiscal year 2014 would shield the middle class by closing tax loopholes that help the rich, would grow the economy, cut the deficit, train future American workers and protect senior citizens. <!– google_ad_section_end –>
Continue reading Obama’s budget targets tax loopholes of rich
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Is ex-NPC chief Wu Bangguo’s son latest descendant to be promoted?
<!– google_ad_section_start –> An unusual Xinhua report has led to speculation that China’s state-run news agency has taken a subtle shot at the promotion of a son of one of China’s most powerful political figures. The cryptic report led to online debate on whether Wu Lei, a 37-year-old official soon to be promoted, could be the younger son of Wu Bangguo, the recently retired head of China’s rubber-stamp parliament, the National People’s Congress. <!– google_ad_section_end –>
Continue reading Is ex-NPC chief Wu Bangguo’s son latest descendant to be promoted?
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