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OECD backs Japan tax hike, more easy money

Tokyo (AFP) - Japan should raise sales taxes again next year despite wobbles in the economy caused by the first rise, and the central bank should cushion the blow with more easy money, the OECD said Monday.

yahoo.com

34 mn ago

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yahoo.com

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ISIS Slams "Mule Of The Jews" Obama, Demands Killing Of "Disbelievers" Especially "Filthy French"

Having released the Turkish hostages, because "Turkey refused to agree to the US demand for 'active support of the coalition'," ISIS have come out swinging (in its first 'official' statement since President Obama unveiled his 'strategy' for "degrading and destroying" them), with a call for all followers of Allah to make the coalition campaign the "last crusader campaign," and calls Obama "vile", more foolish than Bush, and a "mule of the Jews." Warning Americans and Europeans that "you will pay...

zerohedge.com

8 hrs ago

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zerohedge.com

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The PetroYuan Cometh: China Docks Navy Destroyer In Iran's Strait Of Hormuz Port

Since China fired its first 'official' shot across the Petrodollar bow a year ago, there has been an increasing groundswell of de-dollarization across the world's energy trade (despite Washington's exclamations of 'isolated' non-dollar transactors). The rise of the PetroYuan has not been far from our headlines in the last year, with China increasingly leveraging its rise as an economic power and as the most important incremental market for hydrocarbon exporters, in the Persian Gulf and the...

zerohedge.com

12 hrs ago

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zerohedge.com

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Returns to education over the life cycle | vox

The impact of education on earnings over the life cycle is a critical factor for policy decisions ranging from education to taxation and pensions. This column exploits a unique Norwegian population panel data set to estimate an internal rate of return to additional schooling of about 10%. The standard Mincer-regression approach is also shown to substantially underestimate schooling’s rate of return.

voxeu.org

1 hr ago

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voxeu.org

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