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In the next five years, raise by half the income share of the poorest 10% (via labour income, not benefits), and reduce by a quarter the income share of the richest 10% (while shifting tax away from enterprise and labour, towards "churning" financial transactions, land, and inherited wealth).
"This rally was really only a sigh of relief that the Fed didn't raise by half a percent".
Similar(58)
The offer price had been raised by half, to $26 a share, even before trading began.
Contrast that with the United States, where the economy is racing, interest rates were raised by half a point on May 16th and further increases are expected.
Under Governor Warner's plan, the top tax rate for people with incomes over $100,000 would be raised by half a percentage point, to 6.25percentt.
Today's decision left the Fed's benchmark federal funds target rate on overnight loans between banks at 6.5percentt, where it has been since May, when the central bank raised the rate by half a percentage point.
The Fed is expected to raise rates by half a percentage point today.
Would Alan Greenspan have the nerve to raise rates by half a percentage point?
The Fed's decision to raise rates by half a point had been widely anticipated by investors.
The Consumer Price Index report released yesterday morning was far worse than expected and helped to accelerate the selling of stocks; some economists viewed it as a possible reason for the Fed to decide to raise rates by half a percentage point, rather than the quarter-point that was expected, at its meeting next month.
Such are the inflationary worries hanging over this hearty performance that the European Central Bank decided on June 8th to raise its interest rate by half a point, to 4.25%.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com