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U.S. crackdown doesn't distinguish between Caribbean tax havens and Canada rluciw@globeandmail.com A tax crackdown by the United States has sent more than one million Americans and green-card holders living in Canada scrambling to figure out how to comply. The move is part of a push by the U.S. Internal Revenue Service (IRS) to make sure U.S. taxpayers are paying what they owe on foreign accounts. Unlike most countries, the U.S. requires its citizens to file annual tax returns based on their worldwide income, regardless of where they live.
Steve Keen
Steve Keen (born 28 March 1953) is a former professor in economics and finance who taught at the University of Western Sydney. He considers himself a post-Keynesian, criticizing neoclassical economics as inconsistent, unscientific and empirically unsupported. The major influences on Keen's thinking about economics include John Maynard Keynes, Hyman Minsky, Piero Sraffa, Joseph Alois Schumpeter, and François Quesnay. He also gives credit to Marx for contributing to the "financial instability hypothesis" of Hyman Minsky.[1] His recent work mostly concentrates on mathematical modeling and simulation of financial instability. He is a Fellow at the Centre for Policy Development.
A New Winter of Discontent: Massive Strikes in UK Protest Government Austerity
Share Like their counterparts across the pond, British conservatives entered office in 2010 as firm believers in fiscal austerity, slashing spending, curbing public investmentand raising food, electricity and tuition costs. Echoing the views of many Republicans, Britain’s Chancellor of the Exchequer, George Osborne, predicted that “expansionary austerity” was just the cure for the country’s economic crisis. It turns out that austerity in Britain, like in the rest of the world, has been anything but expansionary. “The empirical case against expansionary austerity is that it doesn't seem to be working in Britain (or in any of the struggling eurozone countries),” notes Larry Elliott, economics editor of the Guardian. Since the Tory-Liberal Democrats coalition took over, economic growth has slowed, unemployment has increased and investor confidence has plummeted.
Financial Sector Thinks It’s About Ready To Ruin World Again
NEW YORK—Claiming that enough time had surely passed since they last caused a global economic meltdown, top executives from the U.S. financial sector told reporters Monday that they are just about ready to completely destroy the world again. Representatives from all major banking and investment institutions cited recent increases in consumer spending, rebounding home prices, and a stabilizing unemployment rate as confirmation that the time had once again come to inflict another round of catastrophic financial losses on individuals and businesses worldwide. “It’s been about five or six years since we last crippled every major market on the planet, so it seems like the time is right for us to get back out there and start ruining the lives of billions of people again,” said Goldman Sachs CEO Lloyd Blankfein. “People are beginning to feel at ease spending money and investing in their futures again,” Blankfein continued.
Payout: Get 5 DoBits when you register at Bitcoin Bonus to bluemonkey
January 18th, 2013: We're working hard to bring you new functionality, it is planned for the site to return by May 2013. Bitcoin Bonus delivers rebates in the form of bitcoins when you utilize our referral links and codes to purchase your products and services. We have a wide variety of deals to provide you bitcoins, when you sign up based on our programs. Bitcoins will typically be delivered after a specified period of time has passed, and the bitcoin amount provided is based on the dollar value of the bitcoins on the day that the period ends. You will be able to see the status of each Bonus program you have signed up for and specify which bitcoin addresses you'd like to use. You can also donate your bonuses to charities that provide their bitcoin addresses here.
Steve Keen: Why 2012 Is Shaping Up To Be A Particularly Ugly Year
Submitted by Chris Martenson Steve Keen: Why 2012 Is Shaping Up To Be A Particularly Ugly Year At the high level, our global economic plight is quite simple to understand says noted Australian deflationist Steve Keen. Banks began lending money at a faster rate than the global economy grew, and we're now at the turning point where we simply have run out of new borrowers for the ever-growing debt the system has become addicted to. Once borrowers start eschewing rather than seeking debt, asset prices begin to fall -- which in turn makes these same people want to liquidate their holdings, which puts further downward pressure on asset prices:
The War Against the Poor
This article originally appeared at TomDispatch.com. To stay on top of important articles like these, sign up to receive the latest updates from TomDispatch.com. Click here to listen to a podcast in which the author discusses Glenn Beck’s bizarre fascination with her. We’ve been at war for decades now—not just in Afghanistan or Iraq but right here at home. Domestically, it’s been a war against the poor, but if you hadn’t noticed, that’s not surprising. You wouldn’t often have found the casualty figures from this particular conflict in your local newspaper or on the nightly TV news.
Susan George (political scientist)
Susan George (born June 29, 1934) is a well-known Franco-American political and social scientist, activist and writer on global social justice, Third World poverty, underdevelopment and debt. She is a fellow and president of the board of the Transnational Institute in Amsterdam. She is a fierce critic of the present policies of the International Monetary Fund (IMF), World Bank (IBRD) and what she calls their 'maldevelopment model'.
Y)^_°(V) - How To Set Up Pooled Bitcoin Mining In Windows
(Please Note: This guide is mostly up to date…. syntax and URLs may not be 100% correct, please extrapolate if you have to and let me know in the comments so I can try to fix stuff… Updated 4-10-13) So, you've read my previous article about using your GPU to mine for bitcoins, but now that the difficulty is starting to get high absurd, you may be having a hard time generating any bitcions on your own (especially if you have non-specialized hardware). Never fear, there is a solution!
Oh My, Steve Keen Edition
Update update: Ah, so Keen didn’t mean DSGE — a term that refers only to New Keynesian models — when he said DSGE; he meant New Classical, which he somehow regards as the underlying principles for models that aren’t New Classical at all. OK. Anyway, enough of that. I’m all for listening to heretics when they offer insights I can use, but I’m not finding that at all in this conversation, just word games and continual insistence that the members of the sect have insights denied to us lesser mortals. Time to move on.
Exposing governments lies about public sector pensions
There are hundreds of reasons why workers are walking out together against the Tories on 30 November. But the key issue that has united the unions is the government attack on public sector pensions. Pensions are deferred wages.
Why Do Banks Get Away With Murder?
For five long and very strange years, death haunted tiny Dryden, NY, a town near the Finger Lakes where a plague of car accidents, suicides, and even grisly murders involving two popular cheerleaders just kept mounting up. At the end of Fargo, Frances McDormand’s police chief, Marge Gunderson, captures the psycho played by Peter Stormare. He’s in the backseat of her police cruiser and she talks to him as she drives. We see that she cannot fathom the evil she’s just seen. “And here ya are,” she says, “and it’s a beautiful day. Well, I just don’t understand it.”
