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Tag Archives: UK

Pfizer to leave the US because of high tax rates, Makes a huge part of its money from tax funded government programs

The big pharmaceutical companies have done very well in the crony department over the last decade. Medicare Part D was a giant gift to pharma, then the “donut hole” fill of Part D in 2010 meant even more money for the drug companies. Big Pharma in many respects is a government contractor. A quarter of its revenue comes from Medicare, Medicaid, and various other government programs. But now one of the giants is leaving for England lured by lower tax rates.

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Many Americans don’t know about the revolt in the European Parliament, But they should.

If you don’t know him, this is Nigel Farage, head of the UK Independence Party. He is interesting to watch and offers important insight into what is happening in Europe generally. Usually from the floor of the EU Parliament.

He’s cool to listen to whether you care about Europe at this point or not.

Just watch as he throws down the electoral gauntlet at the end of this video, with a smile.

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Britain Plans I.P.O. for Postal Service

The good news is the Royal Post is being privatized. The bad news is Goldman Sachs and UBS are handling the IPO so there’s probably some sketchiness in the deal somewhere.

Still, I’ll bet the new mail company takes service up a few notches.

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EU Hedge Fund Manager Bonus Caps May Actually Make Things Worse.

Anyone who has read us for very long knows that we give bankers a hard time, often. The financial industry, especially the big banks, is rife with crony capitalism. The big banks are arguably the biggest crony capitalists of them all, and the corruption which comes with a Wall Street/Washington DC axis must be dealt with. It is vital for the future of our economy. Ending the Fed would be a good start.

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