NewChicagoCPA.com - Garrett Tedeman

Notice how the “convential wisdom” is totally wrong. Reagan and Bush have presided over the largest increases in government since WWII.

From IntelligentGuess.com

Dollar plunges through $1.40 against euro

By Peter Garnham

Published: September 20 2007 11:22 | Last updated: September 20 2007 11:22

The dollar dropped to record lows through the $1.40 level against the euro on Thursday as the US currency continued its slide following the Federal Reserve’s decision to cut interest rates earlier in the week.

“The key $1.40 level has been breached and dollar weakness is evident across all currency pairs reflecting the prospect of a move in interest rate differentials against the currency,” said Derek Halpenny at Bank of Tokyo-Mitsubishi.

http://www.ft.com/cms/s/0/e331d7f2-6758-11dc-9443-0000779fd2ac.html

Warren Buffett, the third-richest man in the world, has criticised the US tax system for allowing him to pay a lower rate than his secretary and his cleaner.

Speaking at a $4,600-a-seat fundraiser in New York for Senator Hillary Clinton, Mr Buffett, who is worth an estimated $52 billion (£26 billion), said: “The 400 of us [here] pay a lower part of our income in taxes than our receptionists do, or our cleaning ladies, for that matter. If you’re in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.”

http://business.timesonline.co.uk/tol/business/money/tax/article1996735.ece?print=yes