Based on its regular economic and monetary analyses, the Governing Council decided at its meeting on 2 August to keep the key ECB interest rates unchanged, following the decrease of 25 basis points in July. As stated in July, infl ation should decline further in the course of 2012 and be below 2% again in 2013.
Economia e Finanza
WASHINGTON, DC – Last year, the international community recognized one of the worst humanitarian tragedies of recent times unfolding in the Horn of Africa, and moved in to ameliorate the widespread famine there. Now, poor rains, crop shortages, and continuing conflict could cause millions to be plunged back into life-threatening levels of hunger and malnutrition.
China urgently needs to rebalance its economy, both to avoid the risk of a domestic banking crisis and to reduce its excessive claim on global demand. How it chooses to do so, however, should not be constrained by too much focus on the value of the renminbi. The exchange rate is only one of the mechanisms, and not even the most important, that will determine the price of Chinese goods abroad.
Were he still alive, Ronald Reagan would be 101 this year. I asked four experts—Reagan’s budget director, James Miller; Reagan’s chief economic adviser, Murray Weidenbaum; and Reagan biographers Lou Cannon and Craig Shirley—what the Gipper would say about taxes if he were again a young man of 69, accepting the Republican nomination for president.
Based on its regular economic and monetary analyses, the Governing Council decided at its meeting on 5 July to cut the key ECB interest rates by 25 basis points.
In early 2001, Paul O’Neill, the new secretary of the Treasury for a new president, began work on a plan for radical tax reform. He wanted simpler forms and fewer deductions, which would make it easy for people to prepare their taxes and cost the government less to process them. He presented a 5-inch-thick binder of research to a senior White House official. “Don’t ever let that see the light of day,” O’Neill says he was told. George W. Bush didn’t want to deliver tax reform. He wanted to deliver the tax cuts he’d promised as a candidate.
DRUGS, extortion, kidnapping, people-smuggling: Mexico’s organised-crime multinationals have a keen eye for diversification. A growing sideline is stolen oil. In 2011 outlaws made off with 3.35m barrels of fuel belonging to Pemex, the state-run oil monopoly, up from 2.16m in 2010. The thefts are reckoned to deprive the company of more than $1 billion per year. Pemex’s profits pay for a third of the federal government’s budget.
One of the main reasons why the measures taken in the eurozone over the last two years have failed to address the crisis is that the decisions were often taken too late. Countries in financial difficulties only sought support when market conditions had deteriorated to a point of no return. Two factors explain their reluctance to request financial assistance from the EU or International Monetary Fund.
A combination of circumstances has suddenly raised the likelihood of a resumption of economic reform in India.
Pagina 10 di 26