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Financial News March 11th, 2010 by steve

US chamber of commerce slams Tobin tax proposals

• Group says levy would cause Dow Jones to plunge• Study claims seven out of 10 people oppose idea America’s leading business advocacy group, the US chamber of commerce, has slammed proposals for a Robin Hood tax on financial transactions by claiming that a levy would cause the Dow Jones Industrial Average to plunge by 12.5%, [...]

No fridge is better than no house | Jennifer Abel

That a woman was made homeless for not having enough electricity reveals America’s modern-day sumptuary laws If you see a woman drowning the decent thing to do is toss her a life buoy, or at least leave her the he[...]

Inside Alan Greenspan’s nightmare | Mark Weisbrot

News that wages are rising in China is greeted with dread by those who share Greenspan’s unwarranted fear of rising inflation Alan Greenspan had a dream, or rather a nightmare. Greenspan seems to have woken up in [...]

US federal deficit: who owns America’s debt?

Find out which countries are propping up the US economy China has defended its investment in US Treasury bonds, amid concern that its position as the biggest investor in US debt may become political as well as economic.[...]

China to do something. Or not | Richard Adams

It’s simple: China is soon going to revalue its currency against the US dollar. Or it isn’t. It just depends who you ask Both these articles were published on Saturday. Which is right? Take your pick: New Yo[...]

US property market shows signs of life

Buyers are being tempted by a glut of bank-owned foreclosed property available at dirt cheap prices, a monthly index shows Despite unremitting gloom in America’s worst hit corners, the nationwide US property marke[...]

Hard times for British expats in the Florida sun

Florida’s once-booming housing market is at the heart of America’s financial crisis. In 2006, an average family home was $248,000; by 2009, that had fallen to $142,000 A short hop from Disneyworld in the he[...]

Reform takes on a national agenda | John Springford

With global co-operation fading away, there are disturbing gaps in the approach to financial reform in Europe and the US Consensus on financial reform seems further away than ever. In January, Barack Obama finally got o[...]

In pursuit of flexible working

Women now make up half the US workforce, yet dated attitudes to family-friendly working hold many back. Mary O’Hara meets leading campaigners looking to the UK for inspiration Toward the end of 2009 when it was an[...]

California’s education charade | Sasha Abramsky

Anti-tax revolts have led to a huge gap between well-resourced schools for the wealthy and starved-for-cash schools for the poor Over the next two weeks, more than 5,000 Los Angeles school employees – teachers and oth[...]