Wednesday, 10 June 2009

Swedish PM calls for national carbon taxes in Europe
Prime Minister Fredrik Reinfeldt of Sweden, which will assume the rotating EU presidency next month, called Tuesday for European nations to tax carbon emissions to reduce greenhouse gases.


House committee subpoenas Federal Reserve
The congressional panel investigating what happened to all that bank bailout money has issued a subpoena to the Federal Reserve, asking them to hand over all documents relating to the takeover of Merrill Lynch by the Bank of America.

Brookings: Waxman-Markey a $9 trillion tax!
The Waxman-Markey climate bill amounts to a $9 trillion tax that will reduce personal consumption by up to $2 trillion by mid-century, according to an analysis presented yesterday by 

Fed Would Be Shut Down If It Were Audited, Expert Says
The Federal Reserve’s balance sheet is so out of whack that the central bank would be shut down if subjected to a conventional audit, Jim Grant, editor of Grant’s Interest Rate Observer, told CNBC.