Posted in Politics and economics on Apr 7th, 2008
Forbes has published the latest edition of their Tax Misery Index. The list includes 66 countries and indicates France, the Netherlands and Belgium impose the harshest taxes while Qatar, the United Arab Emirates and Hong Kong have the lowest tax rates.
The misery score is the sum of the taxes shown in the colored bars, at [...]
Posted in Personal Ramblings, Politics and economics on Mar 28th, 2008
I just read an article over at CNN that this year’s Tax Freedom Day in the U.S. is April 23rd. Tax Freedom Day is a purely theoretical date that helps you to visualise how much the government steals from the income of an average American. It depends a lot on the state you’re living in [...]
Posted in Investing, Politics and economics on Mar 17th, 2008
These are pretty interesting days as lots of things are going on right now on the financial markets. A couple of hours ago for instance JPMorgan Chase announced they’ll buy Bear Stearns for just $2 a share in a stock-swap deal and also significant is that the Fed agreed to fund up to $30 billion [...]
Posted in Politics and economics on Feb 27th, 2008
As oil jumped over $100 per barrel and gold reached new record heights of over $960 the U.S. dollar reached a new record low yesterday. For the first time since the euro was found in 1999 the U.S. dollar crushed the psychological barrier of $1.5 per EUR.
Analysts believe the Fed will further cut the intrest rates [...]
Posted in Politics and economics on Feb 8th, 2008
The dollar is gaining some ground again this week. After flirting with $1.5 per EUR the currency exchange is now heading up again to $1.45 and higher. Currently 1EUR is worth about $1.45 and I just read that ING analysts expect the dollar will rise to $1.38 per EUR this year on lower US trade deficits, optimism [...]
Posted in Funny and weird stuff, Personal Ramblings, Politics and economics on Nov 13th, 2007
and that it may not necessarily be a bad thing at all :
If that’s the case it’s time to start burning some more fossil fuels to get the temperatures up By the way, I read an interesting article this weekend on CNN Money about the cost of oil. A barrel of oil is now [...]
