70 Words
The risk of front-loaded fiscal austerity in the UK is that big cuts in spending, subsidies, public employment & increases in taxes will have a recessionary effect on an anemically recovering economy. A credible early commitment to gradual fiscal consolidation…
While things could always be better the recent Obama-Republican tax package compromise rates a B+. It will raise GDP growth and reduce unemployment in 2011 but things may sag a bit in 2012 when some of the tax cuts end.…
The Friday File: The wealthiest nation is Luxembourg with per capital GDP of $135,605, followed by Ireland at $112,248 and Switzerland at $102,865. No other nations exceeded $100,000. Norway was next at $99,266. Singapore was 5th at $87,884 then, Qatar…
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