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 Video,
Articles, and Daily News are all added frequently to
taosplaza.com.
These are drawn from several key
sources
plus other
sources & contributors. All Video and Articles first appear in
the 'Top Stories' section, then to the 'Leading Stories' section, and
then to the 'More
News' section. Following that each video or article can best be found
within Categories. So If you're not interested in Global or US news at
the time
but want to see info on Solar Power or Earthships or the Environment,
or look at a comedy video, just scroll down to the
Category with what you're looking for. With the new taosplaza.com you
can find interesting video, articles, and news in many ways. Other very
good ways to find pieces posted on taosplaza.com are to use the
'Archive' or 'Search features. Wherever you are on Planet Earth,
taosplaza.com is about 'turning you on'
to ideas and information that will give you some perspective in these
interesting times. Watch it unfold before your eyes.
J.
R. Ransom,
Publisher, October, 2008
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Business Articles
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Contributed by Lynette Thomas
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 Monaco
Tax havens develop because of the need to attract foreign investment to an economy. In particular, third world countries who are willing to vary their tax laws. Countries which able to benefit from the universal requirement for opportunities to engage in avoidance of punitive tax laws and regulations of other jurisdictions.
If you happen to reside in a developed country, your taxes are almost certainly lower than they were 30 years ago. OECD said personal income tax averaged 67% in 1980. Top personal taxes now average only 40%. Corporate taxes have slid from 50% in 1980 to a meager 27%. This is partly due to the fact tax havens exist. They put pressure on high-taxed countries, forcing them to lower their tax rates. It is this tax rivalry which creates the climate for a liberalizing process, driving tax policy down the right path. |
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Contributed by J. R. Ransom
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 US Treasury
Here are a few of the things that
can be done with $700 billion:
- The United
States has spent more than $800 billion on wars in Iraq and Afghanistan
since 2001.
- Just 12 Bill Gateses could foot the
bailout bill.
- Collectively, the 400 richest
Americans have a net worth of $1.57 trillion, or roughly twice the
value of the bailout
- $700 billion is roughly equal
to the GDP of Netherlands, or five times that of Pakistan
- It
is only $100 billion short of the combined GDP of all of Africa
- It
is only $78 billion more than the 2007 US defence budget
- It
would buy around 130 of the latest, biggest aircraft carriers, which
cost about $5.3 billion each
- The plan could be
funded with the market capitalisations of the world's two largest Oil
companies, Exxon Mobil Corp and PetroChina, which stood at $403 billion
and $325 billion respectively at Thursday's close of trading. There
would even be $28 billion in change.
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Contributed by J. R. Ransom
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 Paulsen & Bush
The US House of
Representatives approved the rescue plan by a vote of 263-171 on
Friday. That sent the measure to President George W. Bush, who quickly
signed it into law, concluding two weeks of high-stakes haggling over
the plan that had roiled and captivated global markets.
Markets
pivoted on passage of the US bailout, as investors' attention turned to
signs of a gathering recession.
Stocks, which had
been higher before the vote, dropped, with the S&P 500 index
closing at its lowest level in almost four years. The dollar was also
in retreat.
"This probably comes a bit too late. If
this had been done earlier, it probably would have had a much bigger
impact in restoring confidence," said Anna Piretti, economist at BNP
Paribas in New York. |
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Contributed by Mike Kitts
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 Fair Trade Coffee Ama Kade harvests cocoa pods in Ghana. Kanya Osori grows rice in northeastern Thailand. Palemon Cuno Surco creates traditional Peruvian pottery in a small village near Cusco. They live thousands of miles away from each other, speak different languages and their cultures couldn’t be more different. But they do have something in common: people in Taos, New Mexico, and Media, Pennsylvania, want to buy their goods and pay them a fair price. So do the people in Amherst, Massachusetts, and Milwaukee, Wisconsin. These communities are part of a small but growing group committed to supporting fair trade, so much so that they’ve gone through the steps to become recognized as Fair Trade Towns. |
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Contributed by NotYourDaddy
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 Evil Oil Companies?
However, the actual dollar amount of profits is not as relevant as the ratio of profit to expense, which includes the costs of research and development as well as the ordinary costs of doing business. Overall, oil companies have a slightly higher than average profit margin, but not nearly as high as some other industries, like pharmaceuticals, banks, financial services, telecom, software, and the food and beverage industries. According to U.S. News & World Report, "if you exclude the financially troubled auto industry from that analysis, the oil industry actually appears less profitable than most manufacturers, which were earning 9.2 cents on every dollar of sales." |
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