QE3 not necessary: IMF’s Lipsky

Stanley White and Tetsushi Kajimoto Financial Post 6/8/2011

TOKYO — The Federal Reserve does not need to consider additional monetary policy stimulus as the world’s largest economy is likely to pick up in coming quarters due to growth in exports and disposable incomes, IMF acting chief John Lipsky said on Wednesday.

A slowdown in growth […]

IMF chief Dominique Strauss-Kahn’s arrest costs Europe key ally in Greek debt talks

Crucial negotiations to reschedule Greek debts have been undermined by the arrest of International Monetary Fund (IMF) chairman Dominique Strauss-Kahn on charges of sexual assault, analysts have warned.

Richard Tyler Telegraph [UK] 15 May 2011

Markets are expected to react negatively on Monday to the news of Mr Strauss-Kahn’s detention in New York.

The former […]

IRS punts on secret $6 billion bailout for Puerto Rico

Jonathan Strong The Daily Caller 4/4/2011

The Obama administration says it can’t decide whether U.S. taxpayers should be on the hook for $6 billion in tax increases levied by Puerto Rico, but businesses are eligible for the disputed tax credits in the meantime.

And, if the IRS eventually decides the credits were improper, those firms […]

G. E.’s Strategies Let It Avoid Taxes Altogether

But nobody pays that

David Kocieniewski The New York Times 3/24/2011

A PRESIDENT'S BUSINESS LIAISON In January, President Obama named Jeffrey R. Immelt, General Electric's chief executive, to head the President's Council on Jobs and Competitiveness. "He understands what it takes for America to compete in the global economy," Mr. Obama said. Drew […]

What Fine Gael’s Win Means for the Irish Banks and the IMF Bailout

“…the interest on our debt could reach €12bn [$16.6 billion US] by the end of next year. This would eat up roughly 85pc of income tax revenue. That is an impossible burden and clearly unsustainable. That is just a beginning.

We are required by the EU to take on the debts […]

A secret $6 billion bailout for Puerto Rico?

Jonathan Strong The Daily Caller 1/11/2011

The Obama administration is eying a secretive tax deal critics charge is an indirect bailout for Puerto Rico to the tune of billions of taxpayer dollars.

The U.S. territory, desperate for revenues in the midst of the recession, surprised industry with a $6 billion tax on foreign firms – […]

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