How can China avoid the “Western financial disease” – a real estate bubble followed by defaults and foreclosures? The U.S. and European economies originally sought to avoid this fate by taxing the location’s site value. A rent tax was the focus of Progressive Era reforms.
EU Bows to US Pressure, Blacklists Military Wing of Hezbollah
European Union Foreign Ministers announced on Monday their countries’ submission to the pressure exerted by the United States to put the military wing of Hezbollah on the EU list of terrorist organizations.