Posts Tagged ‘BBC news’
US lawmakers have polled in favor of a new bill that has been presented to impose a 90% tax on those huge bonuses that come from the companies that have been aided by taxpayers.
The step has been taken after AIG announcement of granting its employees with huge $165m in bonuses. AIG has recently taken $170bn bailout from the US government.
According to Nancy Pelosi, the speaker of the House, “The US government wants their money back and we want it now for the taxpayers.”
‘IMF will need more funding to play a bigger role in assisting a global economical recovery,’ says Dominique Strauss-Kahn, the head of the International Monetary Fund.
In an interview with the BBC news, Dominique Strauss told that we needed at least $100bn of extra funding over the next six months.
Strauss also asked the states to keep on decreasing interest rates. Strauss comments came at the time when the Japanese economy shrank 0.1 % in the Q3 and officially entered a recession.
The world’s second-biggest economy saw a 0.95 contraction in the previous quarter from April to June.
G20 leaders have agreed to co-operate closely to stimulate worldwide economic growth at a summit in Washington on Saturday. In the summit developed as well as developing countries were urged to work together to cut taxes, interest rates and government spending.
