Why does Americas incredibly productive agricultural sector need subsidies from taxpayers? Would ending subsidies dry up the food supply? Of course not. And the story of what happened in New Zealand when that country cut off subsidies provides all the assurances any subsidy proponent could need.
In 1984, New Zealand’s Labour
The stock market outperforms most other investments over the long-term. But in the past few years, many investors have come to identify a stock’s performance with its appreciation in value, or capital gains. However, a report by Gail Dudack, managing director of research at SunGard Institutional Brokerage, makes the point
For some time, there has been a sort of “grade inflation” going on in the recommendations of financial analysts says Bruce Bartlett, a senior fellow at the National Centre for Policy Analysis in the U.S.A.
Recommendations to sell a share have been virtually eliminated.
A recommendation to “hold” a
Allowing corporations to purchase financial auditing insurance would protect investors against losses suffered as a result of misrepresentations in financial statements, says accounting professor Joshua Ronen of New York University.
The insurance carriers would appoint and pay the auditors to assess the financial statements of their prospective clients.
This year Americans will pay accountants and attorneys $140 billion to do their taxes and help them navigate the 46,000-page U.S. Tax Code. Too bad, U.S. observers say, that they dont have the Russian tax system.
Since January 1, 2001, Russians have enjoyed a 13 percent flat tax.
Even the
Some advocates of cheap drugs for Americans have hit upon an idea they think would yield prices in America similar to what are often found in other countries — many of which have price controls. Supposedly “uniform global prices” on pharmaceuticals would reduce prices to an average “world
Which way is inflation in the U.S. headed, up or down? Knowledgeable observers disagree, pointing to different ways of measuring inflation and its effect on prices.
For instance, syndicated columnist Larry Kudlow says “inflation is currently rock bottom and expected to stay there….”But Barron’s columnist Gene Epstein sees “sure signs that
Since he signed on as America’s key ally in the war against terrorism, Pakistani President Pervez Musharraf has asked only one favour: suspension of U.S. tariffs and quotas on Pakistani textiles. Last month he got his answer: no.
Instead, the administration consented to a bureaucratic sleight of hand that would let
American economists and trade experts say President Bush’s decision to opt for tariff increases of up to 30 percent on imported steel is unjustified.
Domestic steel mills themselves import perhaps 25 to 30 percent of all steel that comes into U.S. ports; the American industry couldn’t function without imports.
U.S.
