PIMCO’s Gross Calls for Tax Hike on Rich, Laments 1% ‘Scrooges’
Reading almost like an Occupy Wall Street manifesto, bond billionaire Bill Gross’ latest outlook says it’s time to end lower taxes on capital than labor.
Clinton, Other Speakers Headline Insite
Insite 2012, Pershing’s 14th-annual conference, attracted more than 2,000 attendees, many of whom are broker-dealer home office personnel and BD reps who work through Pershing’s clearing business and use its technology.
PIMCO’s Gross: Fed Action ‘Destroyed’ Credit Creation; Obama Needs to Be Bold
Echoing sentiments he made this week, Bill Gross said Thursday that QE by the Fed 'destroyed' credit creation, and that he'd like to "see something bold" from the president in his speech Thursday night.
With Pelosi Picks, Deficit Panel Now Complete
Bringing the number to 12, House Democratic Leader Nancy Pelosi announced Thursday her picks for the Joint Select Committee on Deficit Reduction.
4 Ways for U.S. to Get Upgraded: Ex-Obama Official
Peter Orzag, called for an acknowledgment by political leaders of the current situation and a bold response to it, as well as a lowering of expectations, and cited four ways that the U.S. could move back toward a triple-A rating once more.