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• How to curtail the speculative global currency transactions?
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Speculative funds sloshing around the world markets create an inherent instability while undermining the real economy and progressive policies at a national level. Currency speculators trade over 1800 billion US-$ each day across borders - about 90% of the currency trade is speculative!
In the globalized economy, there is a lack of adequate funding for global problems such as disease, poverty and hunger. Global climate change, deforestation, population growth and unemployment, declining fisheries and pollution threaten local communities worldwide. Projects which could help to address these needs and create jobs will cost more than 400 billion US-$ annually. Private donors don't meet the need, and some nations have cut their aid budgets.
THE PURPOSES OF A TOBIN TAX
The primary purpose of a Tobin Tax is to curtail the huge growth in speculative currency transactions. The fundraising potential for meeting essential needs is a further important purpose of this tax.
Each trade would be taxed 0.10 to 0.25%. This would discourage short-term currency trades but leave long-term productive investments intact.
The currency market would thus shrink in volume, helping to restore national economic autonomy. Nations again could still intervene effectively to protect their own currency from devaluation and financial crisis.
With the Tobin Tax, 100 to 300 billion US-$ per year would be generated. This revenue makes it possible to meet urgent global priorities, such as reducing the effects of global warming, disease, and poverty.
Revenue could go into earmarked trust funds to fund urgent international priorities.
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•Voting Question: IF a market undergoes a speculative attack, what will happen to its international reserves?
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This is my homework, but I just want to make sure I am on the right track.
I know that a speculative attack does a massive selling domestic currency in both domestic and foreign banks. Would it lower the fundamental value? At the end the international reserves would be worthless?
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• What is your plan to stop speculative trading on wall street that only serves to raise prices?
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It is suggested that a small trading tax on each speculator's trade would help decrease unwarranted increases of oil by limiting spiraling prices due to back and forth trading on the commodity. The price of oil is raised artificially by speculative trading just to raise the price high enough for it to fall back and starts all over again. Somebody is making big money while causing great harm to the economy, and one way of slowing this practice is to tax each round of speculation.
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• what's the difference between speculative investing and long term, and how do you tell the difference?
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Hi all,
I was looking at investing in some geothermal companies, however I'm told this is speculative. What is the difference between this speculative type buying and long term investing?
cheers
ok, so speculations has nothing to do with whether a company is established well or not?
Also can someone tell me how a companies 'blue chipness' has anything to do with whether it is high risk or not?
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• How to write a speculative cover letter?
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I would like a little advice on how to write a speculative cover letter to gain work experience/placement in hydrology? Any help would be much appreciated.
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• How could I write a speculative letter to a Veterinary Clinic?
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I'm trying to ask my local Vet clinic to take me on for an apprenticeship in 'animal care', I want to be a veterinary nurse. But how could I write a speculative letter to them? i dont want to word it incorrectly or sound desperate. What should I put in it?
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• Would speculators be so speculative without zero percent interest loans from the Federal Reserve?
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If they had shareholders or their own capital at risk do you think they would be as speculative?
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• What does "a shake out of the week and speculative long interest" mean here?
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The result is a period of liquidation, reorganization or recon?struction. There is a shake out of the week and speculative long interest, and then the stock starts up from a permanent foundation, because it has been bought by investors and big interests who will hold on from low levels after the specu?lators who bought at high levels are out. When such stocks reach bottom, it often requires a long period for accumu?lation to take place.
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• Speculative school administration job application: should I address it to the headteacher, or just to the scho?
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I'm sending out 40 speculative job application letters to local schools this week, but should I address them to the headteachers of the schools, or to the offices in general?
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• Science or Speculative fiction tips and ideas?
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I want to write some science fiction or maybe speculative fiction for fun I need some help getting started.
First of all I need a few ideas to get me started. Not a whole story outline just a scenario.
Any tips of what or what not to do from writers or readers would also be great.
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