Friday, 29 January 2016

The Need for a Tax on Financial Trading and other news and views

The Need for a Tax on Financial Trading - A financial transaction tax — a per-trade charge on the buying and selling of stocks, bonds and derivatives — is an idea whose time has finally come. ... A well-designed financial transaction tax — one that applies a tiny tax rate to an array of transactions and is split between buyers and sellers — would be a progressive way to raise substantial revenue without damaging the markets.

Hollande-Rouhani lunch scrapped after Elysée Palace 'refused to remove wine from menu' - France, unlike Italy, has reportedly refused to take wine off the table for Iranian president Hassan Rouhani, meaning he will lunch alone during his historic trip to Paris – the first for an Iranian leader in 17 years. As anger mounted in Rome on Wednesday over a decision to cover up nude statues with large white panels so as not to offend Mr Rouhani, the French have already made it clear that no such cultural concessions would be made regarding its cherished gastronomy. In Rome, alcohol was not served at an official dinner held in Mr Rouhani’s honour – a standard Italian diplomatic gesture for visiting Muslim dignitaries. But in Paris, an originally planned lunch at the Elysée Palace with François Hollande was dropped because the French refused to cede to the Iranian presidency's demand for halal meat to be served and for the wine to be left off the table, citing “republican traditions”.

In Search of Growth Strategies - Restoring growth to the global economy will require the removal of obstacles to investment, efforts to fix dysfunctional labor markets, and measures to counteract rising inequality. But, with few exceptions, such comprehensive growth strategies have been missing.

The Crusade Against Multiple Regression Analysis - I hope that in the future, if I’m successful in communicating with people about this, that there’ll be a kind of upfront warning in New York Times articles: These data are based on multiple regression analysis. This would be a sign that you probably shouldn’t read the article because you’re quite likely to get non-information or misinformation.

The Ethics of a Child Pornography Sting - Should the F.B.I. have continued to operate a website to ensnare predators even though that allowed illicit images to be seen and spread?

Clive Palmer's Queensland Nickel owes $100m and needs large cash injection to continue trading, administrators say
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