December 11, 2008
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O'Reilly writer Andy Oram makes the case that the assertion President-elect Barack Obama's victory is in large part due to his campaign's effective use of the internet is an overstatement, to say the least. Oram counters that when all is...
October 29, 2008Last week, the German government said that Switzerland should be placed on the international blacklist for tax havens. Really? That is, according to Peer Steinbruck (German finance minister):
Speaking to reporters in Paris after a conference on measures to combat tax avoidance, SteinbrÃ¼ck said Switzerland deserved to be on the list being drawn up by the Organization for Economic Cooperation and Development because Swiss investment conditions encouraged some German taxpayers to commit fraud.
October 2, 2008As yesterday's New York Times reports. Lost in the universal focus on the credit crisis, we have seen a somewhat troubling change taking place in Switzerland's longtime bank secrecy laws.
Switzerland's tax authorities, under pressure from a growing United States investigation into the Swiss bank giant UBS, are expected to hand over confidential data on wealthy American clients of UBS to the Justice Department, two people briefed on the matter said Tuesday.
The move would represent a significant shift in...
September 23, 2008Time magazine contributors Andy Serwer and Allan Sloan give us an article in the latest issue meant to explain what is going own with the current financial crisis (better explained here). Serwer and Sloan, for all their "combined 65 years of writing about business" can't seem to produce any coherent or unbiased reporting on this crisis and the reasons for it. They just fall back lazily on an argument that has been circulating the last few days, placing the blame at the doorsteps of the free market and deregulation (...
September 11, 2008As we learn from a Portfolio.com story by Zubin Jelveh, more erroneous proclamations about how horrible WalMart is for society have been proven--well, erroneous. In fact (studies show), the existence of this bargain superstore may actually be beneficial to the health of, wait for it, the poor. That's right:
Charles Courtemanche from University of North Carolina at Greensboro and Art Carden of Rhodes College in Tennessee looked at county-level...
August 28, 2008Today in the WaPo we see that plans by the University of Chicago to establish a research institute named after the late Nobel prize-winning economist (and U. of Chicago alum) Milton Friedman has caused a bit of an outcry from the leftist professor crowd that typically congregates at exclusive and elite universities like U. of Chicago. That in itself is not a surprise, nor is it as absurd as statements made by some of the folks who helped draft and circulate a petition to block the establishment of said institute:
Critics say that they are concerned the institute will be a partisan, elitist...
August 27, 2008
Some thoughts on why our side is losing in its efforts to promote and defend free trade: