jeudi 1 juillet 2010

Today's note

VAT raise, hadn't had any good news of that scale for a long time, have they finally got to their senses...? Never know, they might... The sooner, the better.
Political Arena Circus is back on... again..., I guess so.... On one side we have dummies unable it seems to think of how bad it will look to be at the same time in charge of political and campaign fund raising while being Treasury Secretary.... when transparency of donators aren't public enough...? Has anyone dared to pretend President Obama has made decision to favor Warren, a contributor to his campaign...? Ridiculous.... but the all thing looks bad because it wasn't public enough...., eventually worse, can you hire my wife stuff....proves a lack of vision? Eric to my desk, you had been warned after the poor homework you did on interest rates....!
On the other side, we have another bench literally dishonest riding the poor economic education most of french citizens receive knowing the french treasury secretary has whatsoever no power to prevent or stop any investigation into Mrs Bettencourt assets and revenues and therefore could not be paid for doing so. Mrs Bettencourt revenues are well known and don't need any investigation to be evaluated as for the most part they are dividends from a well known company on the stock market and therefore it may take about 15 minutes to check if her tax return was accurately filed....
Big deal, the lady has or had a bank account she shouldn't have in Switzerland.... Let's wait to find out how much she might have had there compared to her assets on her tax return to find out if she indeed was intensively tax evading or if it was the result of both a lack of smart counselling and a difficult family situation....
Indeed, there is nothing to justify a corruption accusation and it is wrong to use that type of argument from people that should be working to promote a better understanding of economics. On both sides.... They don't have much to say about deficits, obsolete retirement system that need to drastically change, what was an answer to an after war and economic situation allowed the first generation to retire more than 60 years ago is today a threat to the economy and doesn't answer to nowdays challenges of sustainable development and funding.
No kidding, Socgen's trader trial ended a few days ago as we learn this morning his superior is fined for insider trading, a decision the french SEC took.... No wonder the guy was busy enough on his own to be unable to do his job of supervising the trading desk, I guess?
When I say cut spending why do they understand raise taxes? Weird.

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