“The lower tax rates on investment income are part of a regressive tax scheme that has shifted the burden of taxation onto middle- class workers”
REPUBLICAN PRESIDENTIAL CANDIDATE MITT ROMNEY strikes some voters as just too slick, and his adherence to Mormonism has hurt him in the polls. via Barron’s
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Lawmakers approved a measure Friday to let China’s government inject about $200 billion into a company to invest part of its vast foreign reserves abroad, moving closer to creating one of the world’s richest … via Canadian Business Magazine
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“We like this software because it’s so easy to use”
Investing Systems announced the results from Friday’s scan of the market for the Stock Picker RT software. via Earth Times
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“I give better odds on China continuing its upward momentum than I do on Latin America”
Natural-resources stocks continued their winning streak in the second quarter, pushing mutual funds that invest in them to double-digit gains, a survey said on Friday. via The Herald
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“It’s a pretty frightening thing and another sign that danger is still prevalent.”
Stocks fell yesterday, erasing a 102-point rally in the Dow Jones industrial average, after bomb scares swept London and concern grew that banks face more losses from subprime loans. via New York Times
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“We recommend that the Commission be very cautious in any expansion of penny quoting”
Retail investors paid lower prices under a six-month experiment introducing penny-quotes to trading in some stock options, according to findings issued Friday by the Securities and Exchange Commission. via Canadian Business Magazine
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NEW YORK_The dollar fell against the euro and most other key currencies Friday, a day after the Federal Reserve left interest rates unchanged. via Customer Interaction Solutions
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Bursa Malaysia mid-afternoon update: KL shares remain mixed BERNAMA KUALA LUMPUR, FRI.: Share prices on Bursa Malaysia remained mixed at mid-afternoon today with interest centred on several counters with … via New Straits Times
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“The Australian dollar is seen as a safe haven”
THE Australian dollar is set to remain at high levels for the remainder of the year, and could be fetching almost US90c by Christmas. via The Austrailian
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“Although there are certainly times when it’s appropriate, it still has to be in the context of seeing the business grow in the longer term.”
With the stock market having jitters after a strong run-up in the past year, some investors might want something more low-key. Dividend funds, though still subject to the vagaries of the stock market, can give … via TheNewsTribune.com
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