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Showing posts from April 4, 2016

USA RANKS MUCH HIGHER THAN PREVIOUSLY THOUGHT

World Most of Europe Is a Lot Poorer than Most of the United States Living Standards Are Markedly Higher in the United States #Economic HIstory#Economic Growth#Taxation#Welfare State






I wrote previously that many European nations are doomed by demographics to fiscal chaos, but a lot of people don’t care that much about the future.


Bernie Sanders, for instance, looks at nations such as Denmark and Sweden today and says that America should copy their expansive welfare states.




Is he right?

Well, it depends on the parameters. If, for some reason, somebody was holding a gun to my head and demanding that we copy the policies of a nation from the European Union, the Nordic countries would be among my top choices. Yes, their welfare states are too large, but they somewhat compensate for that mistake by having very pro-free market policies in other areas.


That being said, Ireland and the United Kingdom have the most economic freedom among EU nations, and Swit…

PANAMA PAPERS ARE A MERE FOOTNOTE IN USA PRESS

INTERNATIONAL









Here's What You Need To Know (So Far) About 'Panama Papers'




April 4, 20164:34 PM ET


EYDER PERALTA
Twitter





People gather to demonstrate against Iceland's prime minister, in Reykjavik on Monday. Iceland's prime minister insisted he would not resign after documents leaked allegedly linked him to an offshore company that could represent a serious conflict of interest.Brynjar Gunnasrson/AP







Over the past year, investigative journalists across the world have been sifting through 11.5 million internal files from the Panamanian law firm Mossack Fonseca.




The files were leaked to the German paper Süddeutsche Zeitung, which shared the huge trove with the International Consortium of Investigative Journalists. Stories about the data, which has been dubbed the Panama Papers, have been published by news organizations everywhere from Argentina to Sweden.



We know a lot about the trove of documents, but there's also a lot we don't know. (The ICIJ promises to release a f…

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