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Long ago in the Land of the Free, if you wanted to start a saloon, you rented a space and started serving booze. You didn’t have to go through years of petitioning a bunch of bureaucrats for permits and licenses. If you weren’t qualified or good enough at your job,
It started with an illegal wiretapping scandal. Jean-Claude Junker, after spending nearly 18 years in office as Prime Minister of Luxembourg, was forced to resign in 2013 after evidence surfaced of his complicity in a domestic spying operation. So what does a disgraced politician who resigns in shame do? Why,
[Editor’s note: Tim Price, London-based wealth manager, is filling in for Simon today.] For those that already have, Mark Carney is the gift that keeps on giving. Borrowed imprudently and struggling to make those interest payments ? Worry not; the Bank of England has your back. For those that don’t
If you are a taxpayer in the Land of the Free, you may have recently received a love letter from the Social Security Administration that went something like this: “Dear [Medieval serf paying into an insolvent pension fund]:” (OK I added that part myself) “Starting in August 2016, Social Security
It was only a matter of time. In the wake of multiple terror attacks, the European Commission is moving towards creating a mandatory, centralized database of Bitcoin ownership. Of course, their official reason is that Bitcoin is being used to finance terrorism. So for everyone’s safety and security they need
[Editor’s note: Tim Price, London-based wealth manager, is filling in for Simon today.] “..I sat at my desk wringing my hands, transfixed by the tragic slapstick of British politics.. “We are in the biggest domestic political crisis of my life.. “This is only the second time I can remember when the
It all started with 9/11. After the twin towers fell in 2001, the US government sprang into action to wage the global war on terrorism. Within days following the attack, Congress pushed through the USA PATRIOT Act, providing unprecedented authority to the US federal government. The legislation also gave several
Another 508 people renounced their US citizenship last quarter according to documents published this morning by the Internal Revenue Service. This brings the total number of US ‘renunciants’ under the Obama administration to 17,359. It’s a pretty sad state of affairs when a government’s tax policy is so oppressive that
According to Jacques Necker, everything was just fine. The year was 1781, and Necker, France’s finance minister, had just published a report called Compte Rendu au Roi, an accounting of French public finances. Necker’s report showed that, despite extraordinary public services and military spending, France had a net credit position
Have you lost that loving feeling? If so, the United States federal government might just be able to help. Before you swipe right on Tinder or update that eHarmony account, consider instead taking a quick trip out of the country. Because on your way back home into the Land of
It was only a few weeks ago that I told you about the government’s annual report on Social Security. It was a veritable death sentence for the program. The Board of Trustees for Social Security (which includes the US Treasury Secretary) wrote that major parts of the program have already
I’ll be brutally honest– I’m so tired right now I can barely write this email. For the past five days I’ve been going on almost no sleep. I’ve been on my feet almost all day, every day, with an absolutely sadistic schedule trying to cram a year’s worth of education
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