Thursday, June 07, 2012

Eduardo Saverin, Not the U.S. Government, Is Entitled to the Wealth He Earned | Doug Bandow | Cato Institute: Commentary

Eduardo Saverin, Not the U.S. Government, Is Entitled to the Wealth He Earned | Doug Bandow | Cato Institute: Commentary: "the U.S. is the only country which taxes worldwide compensation. Other nations limit their claim to a share of money earned within their borders. America’s corporate tax rate also is the world’s highest."

Romney: US not meeting commitment to fight poverty | Fox News

Romney: US not meeting commitment to fight poverty | Fox News: "Mitt Romney says the government has "a moral commitment" to help every American help themselves."

Does he want a "nanny state"?

Dollar loses reserve status to yen & euro - NYPOST.com

Dollar loses reserve status to yen & euro - NYPOST.com: "The dollar's share of new cash in the central banks was down to 37 percent -- compared with two-thirds a decade ago.

Currently, dollars account for about 62 percent of the currency reserve at central banks -- the lowest on record, said the International Monetary Fund."

"They grumble that they've loaned the US record amounts to cover its mounting debt, but are getting paid back by a currency that's worth 10 percent less in the past three months alone. In a decade, it's down nearly one-third."