Economics

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Working All Day for the I.R.S.

http://pix04.revsci.net/H07707/b3/0/3/0806180/426514318.js?D=DM_LOC%3Dhttp%253A%252F%252Fwww.themuslimtimes.org%252Fwp-admin%252Fpost-new.php%26DM_CAT%3DNYTimesglobal%2520%253E%2520General%26DM_EOM%3D1&C=H07707Mitt Romney is not alone. I thought Mr. Romney’s 13.9 percent federal tax rate would be hard to beat. But among the 400 Americans with the highest adjusted gross incomes in 2008, 30 of them paid less than 10 percent and another 101 paid less than 15 percent. And these […]

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This Is The Cheapest City In The World

Asian and Middle Eastern cities dominate the list of the world’s ten cheapest cities, according to the Economist Intelligence Unit’s bi-annual cost of living report. It’s an interesting result, especially considering that half of the world’s ten most expensive cities are also in the Asia Pacific region—Tokyo and Singapore, for example. Read […]

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Euro Zone Economy Shrank in Fourth Quarter of 2011

http://pix04.revsci.net/H07707/b3/0/3/0806180/668072514.js?D=DM_LOC%3Dhttp%253A%252F%252Fwww.themuslimtimes.org%252Fwp-admin%252Fpost-new.php%26DM_CAT%3DNYTimesglobal%2520%253E%2520General%26DM_EOM%3D1&C=H07707FRANKFURT — Five members of the euro zone, including Italy, fell into recession in the final quarter of 2011, official data showed Wednesday, as the sovereign debt crisis and the imposition of austerity measures discouraged consumers from spending and businesses from investing. But the zone’s two largest economies, France and […]

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Romney, in comeback, has narrow Maine caucus win

http://platform.twitter.com/widgets/hub.1326407570.html(Reuters) – Republican presidential front-runner Mitt Romney grabbed back some momentum after midweek losses in three states, scoring a narrow win in Maine’s caucuses on Saturday, hours after winning a straw poll of Republican conservative activists. Results of Maine’s non-binding straw poll showed the former Massachusetts governor with 39 percent […]

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Traveling Light in a Time of Digital Thievery

http://pix04.revsci.net/H07707/b3/0/3/0806180/898403839.js?D=DM_LOC%3Dhttp%253A%252F%252Fwww.themuslimtimes.org%252Fwp-admin%252Fpost-new.php%26DM_CAT%3DNYTimesglobal%2520%253E%2520General%26DM_EOM%3D1&C=H07707SAN FRANCISCO — When Kenneth G. Lieberthal, a China expert at the Brookings Institution, travels to that country, he follows a routine that seems straight from a spy film. He leaves his cellphone and laptop at home and instead brings “loaner” devices, which he erases before he leaves the United […]

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Breakthrough on Austerity Clears Way for Greek Deal

http://pix04.revsci.net/H07707/b3/0/3/0806180/692155385.js?D=DM_LOC%3Dhttp%253A%252F%252Fwww.themuslimtimes.org%252Fwp-admin%252Fpost-new.php%26DM_CAT%3DNYTimesglobal%2520%253E%2520General%26DM_EOM%3D1&C=H07707ATHENS — After days of dramatic talks, Greek political leaders reached a deal on Thursday to support a package of harsh austerity measures demanded by Greece’s financial backers in return for the country’s latest bailout. The deal is expected to unlock the 130 billion euros, or $172 billion, in new […]