government

New Japan PM Kan unveils cabinet as election looms
June 10, 2010
ChartPoppers
New Japanese leader Naoto Kan appointed his cabinet on Tuesday as expectations jostle with doubts that he can clip the wings of a scandal-tainted party power broker and begin to tackle the nation’s huge public debt. Kan, 63, to be sworn in as Japan’s fifth premier in three years, must convince voters to give his Democratic Party a second chance in a looming election after indecisive predecessor Yukio Hatoyama squandered sky-...
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June

10

2010
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White House Proposes $3.8 Trillion Budget
February 3, 2010
ChartPoppers
President Barack Obama’s $3.8 trillion budget for fiscal 2011 raises $2 trillion in taxes, cuts spending on programs with considerable political support and still leaves the nation with $8.5 trillion in additional debt over the next decade.
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February

3

2010
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Taxes, Real Estate and Loans
January 28, 2010
ChartPoppers
The other day I was listening to a young man extol the virtues of owning real estate. Much of what he said was true. However, two things made me sit up and take notice and I couldn’t help but comment: First, he said the interest on his home loan was tax deductible, so the government was underwriting his house payment. I asked how much the government was giving him. He said they were not giving him anything but allowed the interest on...
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January

28

2010
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China says Google, foreign firms must respect laws
January 19, 2010
ChartPoppers
Foreign firms, including Google, must respect Chinese laws and customs, China’s foreign ministry spokesman said on Tuesday, a week after the world’s largest search engine said it might pull out of China due to hacking and censorship. Ma Zhaoxu also said he did not know whether Chinese officials had held talks with Google executives. Google (GOOG.O) said it would seek meetings on how to offer a legal, unfiltered search service...
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January

19

2010
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Citi could face heavy U.S. influence for some time
December 18, 2009
ChartPoppers
Citigroup Inc’s (C.N) Vikram Pandit endured a brutal capital raising episode this week in an effort to win the bank’s freedom from close government oversight, but the bank’s CEO may have won less than he hoped. In a blow to both the No. 3 U.S. bank and the Treasury, Citigroup sold $17 billion of shares at $3.15 apiece, below the $3.25 price at which the government bought its Citi stake.
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December

18

2009
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