In Will 2012 Be the Year the Economy Recovers? we examine whether and economic recovery is possible in 2012. Below are the references for facts mentioned in the article. Keep reading to learn more:
Obama Pledges Public Works on a Vast Scale (New York Times)
In an effort to add jobs and reverse the recession, President Obama promised to create the largest public works construction program since the inception of the interstate highway system more than 50 years ago.
World’s Rich Are Hoarding $10 Trillion in Cash (Wall Street Journal)
The world’s high-net-worth investors–with over $1 million–are hoarding an extra $10 trillion, according to a report from Scorpio Partnership.
Thirty companies paid no U.S. income tax 2008-2010 (Reuters)
Citizens for Tax Justice and the Institute on Taxation and Economic Policy found that though the statutory U.S. corporate income tax rate is 35 percent, the average effective tax rate for the companies in their study was just 18.5 percent.
