Does a Resource Rent Tax Solve the Problem of Sovereign Risk?

I have been a supporter of resource rent taxes for as long as I can remember. More precisely, my view has been that taxes on rents are better than most other taxes because they extract funds with minimal distortion to production and investment decisions.

I think the best way to think your way around . . . → Read More: Does a Resource Rent Tax Solve the Problem of Sovereign Risk?

War, Gold and American Express

Surfing around I found this excerpt from the history of American Express interesting:

During the summer of 1914, approximately 150,000 American tourists were stranded when war engulfed Europe, many without access to funds. Banks had ceased to pay against foreign letters of credit or any other form of foreign paper. Panic-stricken travelers lined up . . . → Read More: War, Gold and American Express

Jobs Growth In April Adds Over A Quarter Million New Positions

The U.S. added 290,000 jobs in April, the biggest increase since March 2006, with broad gains throughout the economy.

Most of the net new jobs came from the private sector — excluding temporary Census workers — non-farm jobs rose by 224,000, the Labor Department said on Friday.

In addition, payroll data for the prior . . . → Read More: Jobs Growth In April Adds Over A Quarter Million New Positions