Europe is in the midst of an economic meltdown and it might be affecting Europeans’ opinion of capitalism. Down from 70% in 2007, 58% say people are better off in a free market, according to a report by the Pew Research Center. The negative sentiment is particularly high in Italy and Spain (Spain recently received $121 billion in bailouts and is now asking for more). Those hurting most financially are less likely to think people are better off in a capitalist system than those who are well off. In the U.S., men are more than women to say people are better off in a free market. In 12 of the 18 countries surveyed, those with college education are more likely to back a free market systems than those without a college degree.
The IRS also wants fraternals to have lodges, and rituals.
China Oceanwide says the deal will help ease liquidity pressure.
One possible implication is that income might not be everything.
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The “reflation trade” appears real, but risks are still elevated.
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