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DealBook: London Wants To Tap Chinese Currency Market
nytimes.com 1 month agoBritain plans to turn London into a major foreign exchange trading center for the Chinese renminbi to benefit from faster growth in Asia while strengthening the city's position as a financial center.
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Wonkbook: Mitt Romney, (Accidental) Class Traitor?
washingtonpost.com 4 weeks agoTo be fair to Mitt Romney, it's not his fault that he pays a 15 percent tax rate. This isn't some complex, accountant-driven tax scam. First, it's the fault of President Bill Clinton and a Republican-led Congress who, in 1997, lowered the capital gains rate from 28 percent to 20 percent. Second, it's the fault of President George W. Bush and a Republican Congress, which lowered the rate to 15 percent in 2001. As far as we know -- and we haven't seen his full tax returns yet, so all this is provisional -- Ro
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