Daily Archives: October 7, 2010

In this week’s podcast: After the crisis, the war – currency wars, to be precise. What can regulators do to stop countries from using devaluations to boost their economic growth? We also have the latest on the plight of the Chilean miners – will they be freed soon?  Read more

I am in Seattle, where the city’s business aristocracy is divided over a referendum on whether to hit the rich with a local income tax. The division goes all the way to the top of Microsoft, where the chairman and founder Bill Gates is supporting plans for a local income tax on rich residents of Washington state, while the CEO – Gates’s old friend, Steve Ballmer – has contributed to the campaign to defeat the tax proposal: proposition 1098. Read more