The French Socialists also want to tax cell phones, tablets, laptops, and other devices on which people watch moving images.
How is it that the entertainment industry, be it in Hollywood or Paris or Bollywood, always seems to get special treatment?
My theory is that politicians just like getting invited to parties with movie stars.
An interesting essay on where our definition of “economic growth” comes from. It is a highly manipulated term.
Vive le France? Well, one of the reasons there is less “vive” in France these days is because of asinine policies such as the one imposed by France’s current Socialist government which is highlighted below.
The euro was originally created as a counter balance to the US dollar. The yen was in the end too small to effectively challenge the greenback and China had not yet come roaring onto the world stage. The goal was to remove the US currency’s sole “reserve currency” status.
The French economy is solidly mired in recession. It appears that President Francois Hollande’s government infused “growth” policies aren’t working too well.
We wrote about the sparring between the French government and the CEO of Titan HERE.
With Hollande in power, very possibly.
Just a few weeks ago many leaders were tentatively looking at what they thought might be more than just a respite in the ongoing European (world) economic calamity. But this storm is far from over. It’s shifting into a new phase as Spain continues to spin out, Italy’s industrial output is the lowest it’s been since its been recording the stat, and even tiny Cyprus is causing real problems.
I guess chasing all the capital out of the country wasn’t such a good idea. Those 6 weeks of government mandated vacation sure were good while they lasted.