HFT, who benefits? #NYSE #SEC

An assortment of United States coins, including quarters, dimes, nickels and pennies. (Photo credit: Wikipedia)

June 20 (Bloomberg) — NYSE Euronext CEO Duncan Niederauer
tells lawmakers that high-frequency trading is hurting public
confidence in equity markets.
* “The public has never been more disconnected,” Niederauer
says at House Financial Services panel hearing on market
structure
* NOTE: Lawmakers are scrutinizing high-frequency trading
after May 6, 2010 plunge briefly erased $862b in U.S. equity
values
* NOTE: SEC Chairman Mary Schapiro has pressed for marketwide
surveillance system to track stock trades

Related articles

• Regulator puts a spotlight on high-frequency trading (theglobeandmail.com)
• HFT using neutrino physics: Stats Jackassery (scottlocklin.wordpress.com)

Jimmy Carr ‘tax avoidance’: as usual HMRC chasing the wrong people #hypocrisy

Tax (Photo credit: 401K 2012)

Jimmy Carr ‘tax avoidance’: It’s us who are paying for their immorality | Mail Online.

So while the average Joe pays his taxes and struggles on with his life during this recession, the band of celebrities paying little or no tax grows larger and larger.

Other beneficiaries are big corporations who also limit their tax bills. Yet all these people are happy to use the amenities that the tax payer pays for…… roads, hospitals, police fire etc etc..

So what’s gone wrong? Well, I suppose it’s fair to say that greed has taken over and some misconception that “they are worth the money”

The current pay revolt is against Corporate CEO’s…who’s next on the list, the overpaid footballer, TV presenter, celebrity..

Come on HMRC, level out the playing field.

Common sense, don’t believe in your own publicity forever.

Related articles

• Comedian Jimmy Carr avoids paying full income tax (thesun.co.uk)
• HMRC ‘on the case’ on tax dodgers (bbc.co.uk)

G20 leaders end their summit in Mexico #whatawasteoftaxpayermoney

G20 2012 heads of government – Caricatures (Photo credit: DonkeyHotey)

G20 leaders ended their summit in Mexico without a detailed plan for
dealing with Spanish and Italian borrowing costs or creating a
eurozone-wide deposit insurance scheme, the WSJ reports. ‘Euro Area
members of the G20 will take all necessary policy measures to safeguard
the integrity and stability of the area,’ the G20 declared. Specific
proposals for a European banking union are not likely before September.