At the WSJ’s CEO Council, Treasury Secretary Henry Paulson and one of his predecessors, Lawrence Summers, spar over what the most-appropriate corporate tax rate should be in the wake of the U.S. financial-markets meltdown.
IF ANYONE KNOWS WHERE THE FULL VIDEO OF THIS EVENT MIGHT BE, PLEASE LET ME KNOW
11/17/2008
Everything is on such a clear financial basis in France. It is the simplest country to live in. No one makes things complicated by becoming your friend for any obscure reason. If you want people to like you you have only to spend a little money. I spent a little money and the waiter liked me. He appreciated my valuable qualities. He would be glad to see me, and would want me at his table. It would be a sincere liking because it would have a sound basis. I was back in France. —Ernest Hemingway, The Sun Also Rises.
I know its late Friday and I'm sorry for the rant but a headline across the tape forced my hand. From a speech on June 25th to the BIS that the Fed officially released today, Fed Vice Chairman Kohn said that "the root cause of our problems was the underpricing of risk as the financial sector interacted with nonfinancial sectors" and that "leverage was a symptom rather than a cause of the underlying crisis." He has a Ph.D and I don't but I want to correct him that easy money policy under Greenspan that had the fed funds rate at...
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November 18th, 2008 at 6:41 pm
BR these type of video links never work for me.
Cost of Berkshire’s credit swaps up four fold it seems. Not good.
http://www.bloomberg.com/apps/news?pid=20601087&sid=awMIhCcHAcXU&refer=home
My house lot size is only 150 x 50. Not enough to do farming. I suppose I’m screwed.
November 18th, 2008 at 6:46 pm
Interesting link JM. The video is dead for me too.
November 18th, 2008 at 6:48 pm
Here is a link that works.
http://online.wsj.com/video/ceo-council-paulson-summers-spar-over-corporate-tax-rates/9051D3FB-3437-4976-B95B-6456A37DBC5F.html
November 18th, 2008 at 7:08 pm
Lowering taxes won’t help. The gov’t has overspent. BR’s state chart the other day showed it well. I got a bad feeling futures are going to be way down by the time we all awake.
November 18th, 2008 at 8:07 pm
Works fine for me now . . .