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It’s not just austerity vs stimulus for Egypt – Daily News Egypt

July 30, 2013

Farah Halime By Farah Halime – Rebel Economy The government’s tactic to avoid major austerity measures and instead try to stimulate the economy by pumping in new funds may be popular among Egyptians, but risks delaying the country’s economic recovery. The new minister of finance, the sixth since Mubarak stepped down in early 2011, said: “one of […]

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It’s not just austerity v stimulus for Egypt – Daily News Egypt

July 30, 2013

Farah Halime By Farah Halime The government’s tactic to avoid major austerity measures and instead try to stimulate the economy by pumping in new funds may be popular among Egyptians, but risks delaying the country’s economic recovery. The new minister of finance, the sixth since Mubarak stepped down in early 2011, said: “one of the important tools […]

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Psst: Obama’s "New Grand Bargain" is None of the Above – Town Hall (blog)

July 30, 2013

The news media has been breathlessly reporting on the president’s forthcoming “grand bargain” proposal, which he says will create jobs. Reuters sketches out an outline of Obama’s supposed compromise: Obama wants to cut the corporate tax rate of 35 percent down to 28 percent and give manufacturers a preferred rate of […]

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Obama’s corporate tax bargain leaves out small business – Business Journal

July 30, 2013

President Barack Obama says his corporate tax reform proposal is an effort to “break through the political logjam in Washington” that’s blocking investment in job-creating ideas. Kent Hoover Washington Bureau Chief Email  | Twitter  | Google President Barack Obama on Tuesday outlined “a grand bargain for middle-class jobs … a deal that simplifies the tax code for […]

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Obama’s Latest ‘Grand Bargain’ Proposal Isn’t Much Of A Bargain At All – Seattle Post Intelligencer

July 30, 2013

This afternoon, President Barack Obama gave the second of seven (seven!) planned economic policy speeches this summer. Today’s focus was a “grand bargain for middle-class jobs.” But it’s not clear who he’s bargaining with. The president proposed to reform the corporate tax and use short-term revenues from reform to pay for one-time spending, likely on […]

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Obama to Urge Business Tax Rewrite to Help Spur New Jobs – Bloomberg

July 30, 2013

President Barack Obama, seeking to offer fresh economic proposals that could pass a gridlocked Congress, will call for a restructuring of business taxes so long as the initial revenue generated goes toward job creation. In a speech today in Chattanooga, Tennessee, Obama will argue that years of budget fights have diverted attention from the need […]

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Obama Tax Plan Tackles Budget Issue With Political Hurdle – Bloomberg

July 30, 2013

President Barack Obama’s proposal to spend one-time revenue generated by a rewrite of the business tax system addresses a budget problem and causes political ones. In Obama’s plan, which he plans to discuss in a speech today in Tennessee, that revenue would be spent instead of dedicated to pay for lower tax rates. Otherwise, the […]

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Obama’s Message May Be Lost in Service Economy – Bloomberg

July 30, 2013

Why is chattanooga and not choice for the announcement the president is going to be making? — why is chattanooga and odd choice customer he is going to give us a metaphor. This is what a package and ship all of the stuff we buy online, to talk about the importance of manufacturing and high […]

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Britain is playing catch-up to the US manufacturing boom – Telegraph.co.uk

July 30, 2013

One of the key drivers is cheap energy. Thanks to a much more benign attitude than that seen in our paranoid, anti-growth Britain, US shale gas and oil output has grown more than 50pc annually since 2007, creating jobs and driving down costs. In its latest report, McKinsey, the consultancy, calculates that shale could bolster […]

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Has US manufacturing’s comeback stalled? – USA TODAY

July 30, 2013

Everywhere you look, there is buzz about U.S. manufacturing’s comeback, including in the high-tech sector. Motorola Mobility, owned by Google, is hiring 2,000 workers to produce its new Moto X phone in Fort Worth, Texas. It will be the first smartphone assembled in the United States. Apple Inc. has promised to invest $100 million to […]

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