Eagle Eye Opener
Japanese Sales Tax to Rise 60% Percent as Planned
Prime Minister Shinzo Abe of Japan reaffirmed his government’s position that the country’s sales tax will increase from 5 to 8 percent, beginning next April. Honorable Abe remains steadfast in his belief that this 60 percent increase is critical in helping Japan rein in soaring debt levels.
U.S. Shutdown Hits Dollar, Nudges Global Markets
The U.S. government couldn’t come to a last-minute emergency funding agreement before the midnight deadline last night, stopping nearly a million federal employees from reporting to work today. Investment-wise, the biggest loser from the first government shutdown in 17 years was the U.S. dollar.
Shanghai Free Trade Zone Not So Free After All
The China Pilot Free Trade zone in Shanghai officially opened its doors yesterday. And it’s already proving to be the most ironically named financial region in the world.
Family Squabble Looms for World’s Largest Luxury Goods Maker
LVMH Moet Hennessy Louis Vuitton SA… If you think the company’s name is a little unwieldy, try making heads or tails of family power-struggle for control, once the CEO steps down.
U.S. Government to Shut Down for First Time in 17 Years
Unless an unlikely 11th hour agreement is reached by tonight at midnight, the wheels of government in the United States will grind to a halt — partially.
Government Shutdown Will Slow Economic Growth Significantly
Moody’s estimates 3 percent economic growth for the United States.in the fourth quarter of 2013… That is, if there is no government shutdown in October.