- Math Drills Made Child-Father-of-Man Orszag Deficit Hawk Using Health Care When Senate leaders gathered around a polished wooden table off the chamber’s floor in October to begin health-care negotiations, Peter Orszag was in a familiar place: at the elbow of White House Chief of Staff Rahm Emanuel, helping determine the fate of a critical piece of President Barack Obama’s agenda.
- World's Most Expensive Office Markets Get Cheaper as Job Cuts Pare Demand The world’s most expensive office markets got a little cheaper this year.
- GM May Sell Some Saab Unit Assets to Beijing Automotive, Discontinue Brand General Motors Co. may sell parts of its Saab unit to Beijing Automotive Industry Holding Co. and shutter the brand, two people familiar with the talks said.
- Iceland's Government Pledges to Pass U.K., Dutch Depositor Bill This Month Iceland won’t seek amendments to an accord with the U.K. and Netherlands obliging the island to cover depositor guarantees, paving the way for lawmakers to pass the bill this month, Finance Minister Steingrimur Sigfusson said.
- Surging Yen Cuts Prices for Hawaii Holidays, Tiffany Necklaces in Japan Mika Ueda, a 27-year-old clerical worker in Tokyo, and her friends had planned on spending the holidays in Japan. After the yen hit a 14-year high against the dollar last week, they set their sights on Guam or Hawaii.
- Japan Mulls Relaxing Chinese Tourist Visa Rules to Boost Visitors Ninefold Japan may relax visa regulations for Chinese travelers to help boost mainland visitor numbers ninefold as the nation’s tourism industry seeks to ease its reliance on a shrinking domestic population.
- Galleon Said to End Singapore Operations at Year-End; Two Firms in Talks Galleon Group LLC, the U.S. hedge- fund firm that’s liquidating after its founder was charged with insider trading, will stop operating in Singapore on Dec. 31, said two people familiar with the matter.
- Taxing Wall Street Transactions Today Wins Support for Keynes Idea of 1936 John Maynard Keynes proposed a tax on financial transactions in the middle of the Great Depression, and another economist, James Tobin, revived the idea in the 1970s as a way to counter currency market speculation. Neither effort gained much acceptance. Now, a growing number of economists and politicians argue that it’s time for a levy on trading stocks, bonds, currencies and derivatives.
Bloomberg Daily News 1st December 2009
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