The objective of the exercise is to have cash available for buying during every downturn — can’t happen unless you have the courage to take profits when prices are rising. Yes, you are expected to feel stupid in both exercises. When you feel like you “sold too soon”, the bubble buster is just around the corner. When you know you re-entered the market too early, the rally is just over the horizon.
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Global bank tax near, says Brown
By George Parker and Lionel Barber Gordon Brown said on Wednesday the world’s leading economies were close to agreeing a global bank tax, amid hopes in Downing Street that a deal can be concluded at the G20 summit in Canada in June. Mr Brown believes that opinion has shifted decisively in favour of a globally [...]
Forget U.S. Sovereignty? U.N.’s World Health Organization Eyeing Global Tax on Banking, Internet Activity
By George Russell The World Health Organization (WHO) is considering a plan to ask governments to impose a global consumer tax on such things as Internet activity or everyday financial transactions like paying bills online. Such a scheme could raise “tens of billions of dollars” on behalf of the United Nations’ public health arm from [...]
Take back Al Gore’s Oscar, 2 Academy members demand in light of Climategate
December 4, 2009 No, it wouldn’t do anything for the environment. But two Hollywood conservatives (yes, there are some) have called upon the Academy of Motion Picture Arts and Sciences to rescind the prestigious, profitable gold Oscar statuette that it gave ex-Vice President Al Gore et al two years ago for the environmental movie “An [...]
Democrats push $150B stock tax on Wall Street
A House bill still being drafted aims to raise $150 billion each year to pay for new jobs. Under a bill being drafted by Democratic Reps. Peter DeFazio (Ore.) and Ed Perlmutter (Colo.), the sale and purchase of financial instruments such as stocks, options, derivatives and futures would face a 0.25 percent tax.
Too much debt could fuel double-dip recession…
* Obama warns of double-dip recession, loss of confidence * Delicate balance to expand economy and reduce debt * Obama eyes export growth to fuel job creation * Tax provisions could encourage businesses to hire sooner (Adds quotes, NBC interview, background) By Caren Bohan BEIJING, Nov 18 (Reuters) – President Barack Obama gave his sternest [...]