Thursday, September 6, 2012

DailyMarkets.com - Danish Government May Scrap Its “Fat Tax”

DailyMarkets.com - Danish Government May Scrap Its “Fat Tax”

Danish Government May Scrap Its “Fat Tax”

Posted: 06 Sep 2012 08:56 AM PDT

Global Tax News is reporting today that:

Only one year after its implementation, the Danish government is planning to scrap the "fat tax." The reason why: reports show that it simply doesn’t work.

Denmark is now likely to abolish the tax levied on saturated fats, as empirical evidence shows that its negative effects outweigh the benefits for the Danish Treasury. In particular, reports point to job losses in the food processing industry and Danes crossing the German border to buy cheaper … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Oil Prices Rally On Risk Appetite

Posted: 06 Sep 2012 03:40 AM PDT

09/06/12 A surge in risk appetite after the ECB introduced its new bond buying program helped frontonth crude prices rise above $97 a barrel Wednesday … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Wall Street Rallies On ECB Bond Buying Plan

Posted: 06 Sep 2012 08:39 AM PDT

09/06/12 The US equity averages soared over +1.5%. ECB President Mario Draghi introduced the new Outright Market Transactions after the central bank … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Europe Rallies On Rate Decisions, New ECB Bond Buying Program

Posted: 06 Sep 2012 08:05 AM PDT

09/06/12 European stocks were in positive territory to start Wednesday after the ECB introduced its new bond buying program, the outright monetary transaction … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

ECB Launches Ambitious Plan To Protect Single Currency

Posted: 06 Sep 2012 08:05 AM PDT

    The European Central Bank (ECB) launched an ambitious plan to lower the excessively-high interest rates that some of its members are paying on their debt, proving to financial markets that it has the confidence to do whatever it takes to protect the single currency.
    The ECB, which held its benchmark refinancing rate steady at 0.75 percent, will buy an unlimited amount of one to three-year bonds but under strict conditions that member states have to live up to under … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Markets In Everything: On-Demand Ridesharing

Posted: 06 Sep 2012 07:30 AM PDT

From today’s San Francisco Chronicle, an article about how social media, smart-phone technology and “on-demand ridesharing” is challenging the city’s taxi cartel:
The taxi business in San Francisco is famously fractious. “It’s like a car crash – you can’t look away,” says Hansu Kim, owner of DeSoto Cab Co. Drivers and cab companies bicker, freelance town cars poach fares, and there are not enough cabs on the street
.
That’s how it is has been for years, which is why it’s been easy for … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards
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