The largest tax cut in U.S. history was proposed and later signed in to law by that great Republican Democrat, John F. Kennedy. He speaks on his income tax cut that he wants to present to Congress in January (1963) next year (partial newsreel).
Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.
This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).
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Early Headlines: Overreaction To China, Debt Deflation Grips The World, ECB Beefs Up QE, India And Japan Service Sectors Up, Korea And Taiwan Contraction Problems, Canada Oil Sands Glut Grows And More
Written by John Lounsbury
Early Bird Headlines 03 September 2015
Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.
Infographic Of The Day: Benefits Of Outsourcing For Your Business
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04Sep2015 Pre-Market Commentary: Global Markets Deeply In The Red, U.S. Futures Down Sharply, Volatility Expected
by Ron Paul, Daily Reckoning
Following Monday's historic stock market downturn, many politicians and so-called economic experts rushed to the microphones to explain why the market crashed and to propose 'solutions' to our economic woes. Not surprisingly, most of those commenting not only failed to give the right answers, they failed to ask the right questions.
Michael Hudson's New Book: Wall Street Parasites Have Devoured Their Hosts - Your Retirement Plan an
Zhi: A Critique of Modern Money Theory and the Disequilibrium Dynamics of Banking and Government Fin
Written by Gary
U.S. stock futures indexes are down over one percent, Asian markets closed again deeply in the red and the EU is down over 2%. The unemployment rate tumbled to a seven-year low this morning apparently complicating the Fed's decision whether to raise rates or not.
03Sep2015 Market Close: Averages Slide Ahead Of The August Employment Report That Could Put Skids On
03Sep2015 Market Update: U.S. Averages Slipping, Oil Falling Again, U.S. Dollar Showing Strength, Ma
ECRI's WLI Growth Index which forecasts economic growth six months forward - slid further into negative territory. This index had spent 28 weeks in negative territory then 15 weeks in positive territory - and now is in its third week in negative territory. ECRI also released their inflation index this week.