* Real income hits 1996 level: DGBAS Aug 26, 2009
Real income hits 1996 level: DGBAS ... Average real income over the first six months of the year has fallen to a level equal to that posted in 1996, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said on Monday. (Taipei Times, Taiwan -- Taiwan)
City dwellers bear disproportionate federal tax burden Aug 21, 2009
So the effect is that workers in expensive cities like New York, Los Angeles and Chicago pay more in taxes even though their real income is essentially the same as workers in smaller, cheaper places. The extra burden wouldn't be so excessive if more federal tax dollars were returned to urban areas in the form of higher federal spending. (EurekAlert!)
Income Share for Richest U.S. Households Set Record in 2007, Study Says Aug 18, 2009
The top 10 percent has received 65 percent of total real income growth since 2002. Tax Notes said the richest 0. (Bloomberg -- US)
If jobs don't return, is it really a recovery? Aug 16, 2009
The committee defines a recession as "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in production, employment, real income and other indicators." It calls GDP "the single best measure of aggregate economic activity," but it also considers other indicators, notably employment. No one can accuse the NBER of acting hastily when it declared - in July 2003 - that the previous recession ended in November 2001. (San Francisco Chronicle -- Business)
Tax code, a paradigm shift Aug 14, 2009
The scope of 'income' is widened to tax real income and is comprehensive to unravel protection that tax payers were resorting to either under the umbrella of judicial interpretation or incentive provisions. The test for residency of foreign companies is clearly aimed to protect India's tax base by retaining right to tax income based on a narrow control and management test. (India Times)
The bill will fall duefor crisis failures Aug 13, 2009
The losses during the Great Depression were immense and the US did not regain its 1929 real income level until 1939. The 1926-1939 cycle can hardly be called a policy success. (Asia Times Online)
World trade: Unpredictable tides Jul 24, 2009
Using data from the global downturns of 1975, 1982, 1991 and 2001, Ms Freund finds that whereas real income growth was, on average, 1. 5 percentage points lower than its pre-recession rate, trade growth stumbled by 7. (The Economist)
Public Information Notice: IMF Executive Board Concludes Article IV Consultation with Ghana Jul 19, 2009
Executive Directors noted that after a decade of gains in real income and poverty reduction, Ghana s macroeconomic situation had weakened owing to exogenous shocks and highly expansionary fiscal policies, in particular in the run-up to the elections, that contributed to higher inflation and large external imbalances. While Ghana s terms of trade are projected to strengthen in 2009, supporting incomes and growth, Directors recognized the uncertain environment and the downside risks. (IMF News)
FM goes easy on personal tax; makes products cheaper Jul 7, 2009
Consumers decode their well being and prosperity in simple terms whether their money is able to buy more or less of everyday goods and services (that 00004000 s real marketplace inflation) and whether their real income (after adjusting for inflation) is up or down. So even as finance minister Pranab Mukherjee disappointed the stock markets with his Budget, the 224-million-odd Indian households had enough reason not to feel let down. (India Times)
Govt may extend tax holiday for software firms Jul 5, 2009
This would result in only the real income being charged. Sources said on the duplication of indirect taxes, there is some possibility of relief where VAT may be the only tax on customised software and renewal of licence to use software. (India Times)
* Would ECFA harm only a minority? Jun 26, 2009
Even worse is that the average real income of Taiwanese workers has fallen sharply ... If thats the case, why have the DPPs active opening policy and the Ma administrations policies of still greater opening up to China caused decreases in average real incomes and widened the gap between the rich and poor. (Taipei Times, Taiwan -- World)
Florida's Python Plague Spreading North? Jun 25, 2009
In this economy that could provide real income to many people that could learn the skills needed to wipe out or at least greatly reduce the number of pythons in the wild - of course there would have to be a time limit or people would continue to "let a few go" to keep their source of income alive. by John_Merritt June 24, 2009 10:50 PM PDT. (CBS News)
Selling Arbonne as a Home Business Jun 24, 2009
The real income generator is becoming an independent consultant. At an initial cost of $109 anyone can become a consultant as long as they are sponsored by an established Arbonne consultant. (Suite101.com)
Post-crisis riches aheadfor East Asia leaders Jun 19, 2009
But the underlying motive for the muscle flexing by the OPEC cartel was surely the loss of real income following the end of the Bretton Woods system in 1971. That collapse of a system that had permitted the United States to export inflation to non-dollar economies saw the value of the dollar plummet as pent up inflationary pressures surged back into dollar instruments with a vengeance. (Asia Times Online)
Study separates russian flat tax myth and fact Jun 17, 2009
The study by economists Yuriy Gorodnichenko (University of California, Berkeley), Jorge Martinez-Vazquez and Klara Sabirianova Peter (both of Georgia State University) looked at household level data to see how tax reform influenced tax evasion and real income. The study found that tax evasion decreased under the flat tax, but the reform did little to increase real income for taxpayers ... The other implication in these data is that the flat tax seems to have done little to increase real income... (EurekAlert!)
Officials bank on low rates to save us Jun 17, 2009
According to the budget: "The downturn in world commodity markets may directly affect NSW less than the resource-rich states, but NSW will be affected by the consequent decline in national real income and the reduction in resource sector demand for NSW services and manufactures.". The Opposition yesterday dismissed the growth forecasts as overly optimistic, but economists said they were reasonable. (Sydney Morning Herald -- Australia)
City puts building's fate on hold Jun 5, 2009
With all the empty commercial space in down town Coos Bay & very few bringing in Real income that isn't some type of Welfare, it's hard to believe that's really the going rate, your leaders sure dropped the ball here, especially with 2 bathrooms are already in the Original Visitors Center. Rebecca1 wrote on Jun 3, 2009 8:36 PM:So it looks like they are going ahead & wasting all that money on a tourist center, that with some paint & general clean up could quite well serve the public from what I... (Coos Bay-North Bend The World, OR)
Australia dodges recession Jun 3, 2009
The National Bureau of Economic Research in the US defines a recession as "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in production, employment, real income, and other indicators.". Australia's economy continues to outpace most of its rivals. (Sydney Morning Herald -- Business)
Pittsburgh Seltzer Works fizzes away Jun 2, 2009
The three Allderdice High School graduates are family men with teenagers, plus regular jobs to handle that provide real income. Mr. Supowitz is the University of Pittsburgh's vice chancellor for governmental relations, and the others own their own businesses. (Pittsburgh Post-Gazette, PA)
GM Bankruptcy Plan: Cut 21,000 More Jobs Jun 1, 2009
"---Not really, and here are the facts. America owes its middle class to decades of union membership by Americans. The GOP war against unions puts downward pressure on wages and threatens destruction of American middle class prosperity. Quite simply, middle class real income has made no gains over the last decade because little of the money is being shared by management. A Livable Wage--A livable wage is the real issue-- a wage that lets a union family buy the house in about 30 years, affords... (CBS News)
Winners And Losers In GM Bankruptcy May 31, 2009
Quite simply, middle class real income has made no gains over the last decade because none of the money is trickling down. A Livable Wage--A livable wage is the real issue-- a wage that lets a union family buy the house in about 30 years, affords medical care and lets the kids attend college, if they wish. (CBS News)
Hospital Staff Sacrifices To Save Jobs May 29, 2009
This is all very touching, but Americans would be better 00004000 served by taking a look at how their collective real income actually decreased over the past few decades, while their cost of living, especially health care and education, continues to skyrocket. The jobs will continue to migrate overseas whether the economy recovers or not. (CBS News)
Salter and Fuller: A memo to Newton's mayoral candidates May 27, 2009
While such a policy would mean no real income growth for city employees throughout its duration or so long as inflation continues in the 2 3 percent range, the real growth in income for most residents is being similarly constrained. Increased User Fees. (Newton Tab, MA)
Recession 'shape' points down May 22, 2009
In the traditional income-based economic model, the financial sector serves to support the real economy, where the vast bulk of real income is generated, by providing credit and other traditional financing services aimed at sustaining existing and fostering new income-generating business ventures, and supporting consumer spending via traditional credit services. The income generated in the financial sector is not of major proportions, but is a distant second to that generated in the real... (Asia Times Online)
Music lovers pack halls,drown the money blues May 20, 2009
"Their real income stream is coming from touring, which makes the live show even more important.". "Things are going well," said Don Law, president of New England operations for national concert promoter Live Nation. (Boston Globe)
Why Has Asia Been Hit So Hard By The Global Economic and Financial Crisis? Presentation by Mr. Takatoshi Kato, Deputy Managing Director, IMF, at the Eighteenth General Meeting of the Pacific Economic Cooperation Council May 13, 2009
Consumption has also been helped by real income gains from lower commodity prices notably oil and the buffer provided by high household savings. But our sense is that an inevitable significant adjustment in employment is coming. (IMF News)
Two Views on the Cause of the Global Crisis Part I May 13, 2009
That real income of the middle class has not risen over the past twenty years created a massive political problem: wealth redistribution ... About one-half of all real income gains between 1976 and 2006 accrued to the richest 5 percent of households. (YaleGlobal Online Magazine, CT)
Inequality worsens in Labour's cruel Britannia May 9, 2009
Overall, the poorest 20 per cent saw real income fall by 2. 6 per cent in the three years to 2007-08, while those in the top fifth of the income distribution enjoyed a rise of 3. (Sydney Morning Herald -- World)
New Marine One Among Obama's Budget Cuts May 8, 2009
May 7, 2009 12:14 PM. (AP Photo/Charles Dharapak). (CBS News)
How to Find Internet Employment Opp... May 7, 2009
It s easy to get lost in this morass of broken promises, feel frustration and give up on the dream of work at home and self employment;but it s not impossible to find real Internet employment opportunities that will provide real income ... Even seemingly reputable work at home job opportunities may not work out or provide real income. (Suite101.com)
Field of green Apr 29, 2009
We don t have any real income, he said. Players fees simply aren t enough so support the stadium, let alone any improvements. (Klamath Falls Herald & News, OR)
Talk Story for Tuesday, April 7, 2009 Apr 8, 2009
Davao wrote on Apr 7, 2009 7:00 AM:" Remember 1st, people making $150K and up are hiring local people to do work who otherwise would be unemployed w/ no unemployment insurance helping them to make ends meet.So instead of raising taxes how about at least put a freeze to county/state employment hiring where too many categories of workers have too many workers "hanging" w nothing to do or working like snails on molasess.Governement workers get guaranteed wages, medical-dental-vision, sick and... (Lihue Garden Island, HA)
Shift to China deepens the global economic crisis Apr 8, 2009
Online Edition Powered By IOL. DisplayAds('SkyLEFT',17,). (Business Report, South Africa)
Employment Policies and Social Sustainability: The Human Dimension in the Global Economy, Speech by John Lipsky, First Deputy Managing Director of the International Monetary Fund, at G8 Social Summit 2009, Rome Apr 1, 2009
The issues being discussed here are central to the IMF s mandate, as laid out in our Articles of Agreement: It is to facilitate the expansion and balanced growth of international trade and to contribute thereby to the promotion and maintenance of a high level of employment and real income. Of course, the global economic crisis we are facing today serves to underscore the central importance of these issues. (IMF News)
State likely to hike tax on top earners Apr 1, 2009
Any income tax hike won t affect most wage earners, who in Barnhart s view haven t seen a rise in real income for some time, but he predicted it will affect higher incomes. It will be late May, Barnhart said, before he ll know that kind of a tax package emerges from the committee. (Albany Democrat-Herald, OR)
Dateline: Mortgagemess Mar 24, 2009
But somehow her loan application listed her income as $7,300 a month $87,600 a year, more than four times her real income. . (MSNBC -- Business)
How Obama mortgage modification plan might help Mar 9, 2009
"I would argue for them that if they haven't gotten raises in several years that their real income has gone down.". Carl Fortier, San Francisco. (San Francisco Chronicle)
Deflation threat real Mar 6, 2009
Lee said rising layoffs, loss of real income and contracting demand were driving prices down, leading to a cutback in output. The tight credit markets further aggravate the already slumping economy, he said. (The Star Online, Malaysia -- Business)
* DPP attacks NHI premium change Feb 18, 2009
If the amendment were passed, people who honestly report their incomes would be forced to pay higher premiums, while people who lied about their real income could avoid paying more, she said. This story has been viewed 498 times. (Taipei Times, Taiwan -- Sports)
Public Information Notice: IMF Executive Board Concludes 2008 Article IV Consultation with the Philippines Feb 18, 2009
6 percent during the first three quarters of 2008, led by weaker external demand and consumption as the oil and food price shock reduced real income. Headline inflation peaked in August at 12. (IMF News)
More of this story Feb 14, 2009
According to Roane, the month of January was the first time the city saw real income that was in line with what we were spending. He said he hopes that the trend will continue in the future. (Bartlesville Examiner-Enterprise, OK)
Uncommon - Common Sense Feb 10, 2009
To increase the real income of a nation, there has to be a real increase in real goods and services valued by customers, businesses, governments and foreigners. And who produces this additional output. (Townhall.com)
Transcript of a Briefing of Asia Press by International Monetary Fund Managing Director Dominique Strauss-Kahn with Anoop Singh, Director of the IMF's Asia and Pacific Department, and Caroline Atkinson, Director of External Relations Feb 9, 2009
On the other hand, there is sometimes a very countercyclical effect which is because of the decrease in the real income in the country of origin the workers abroad are sending more money than they used to send. So, finally, the remittances appear sometimes to work as a countercyclical process. (IMF News)
Press Release: IMF Approves ?402.5 million Stand-By Arrangement for Serbia Feb 9, 2009
Determined implementation of this program should poise the Serbian economy to resume more balanced and sustained real income growth. "Strong fiscal measures are being taken to achieve the tighter 2009 deficit target. Because of the procyclical fiscal policy stance since 2006, limited budgetary financing options, and the need to ensure the credibility of the program, there is no scope now for countercyclical fiscal loosening. The slowdown in public wage and pension growth, as well as other... (IMF News)
Hand up, hand out? Feb 8, 2009
Whether debt is covered from domestic or overseas funders, it has to be repaid, and if it is simply spent on consumption, future real income levels will be reduced. Tapping overseas savers is hardly the correct solution for Australia since, as Kevin Rudd pointed out in his infamous global financial crisis essay, foreign debt has increased rapidly since the Hawke-Keating governments. (Sydney Morning Herald -- Business)
President Says Plan Needed to Avoid 'National Catastrophe'... Feb 7, 2009
The silly Gov spending-multiplier stats that to which all you "new economists" are clinging do not consider the fact that the "stimulus" will greatly devalue the dollar, raise interest rates, raise taxes, reduce "real income" and crowd out private investment; all of which do nothing more than rob the economy of the capital needed for true long term economic growth. c. (The Drudge Report)
