MOODY UPGRADES INDIA CREDIT RATING……

By: Economic & Finance Report

India’s financial industry is probably celebrating and if they are not, they should be. Moody’s the international crediting agency, recently upgraded India’s bond and credit ratings.

The last time India received an improved credit rating from Moody’s was in 2004, close to 14 years ago, the reasoning??? Well it’s because there has not been sufficient criterium met by Moody’s, that was pursued by past governments.

Moody upgraded India’s credit and bond ratings from positive outlook to stable, because of the economic and business reforms that have been instituted by Prime Minister Modi, and the progress that India has taken within the past decade; in regards to institutional reforms within the government. -SB

PUERTO RICO’S CASINO BUSINESS IS BACK, THOUGH POWER MAY NOT BE !!!!!!!!!!!!!!!

By: Economic & Finance Report

Approx. 13 of the 18 casino’s operating in Puerto Rico are restored; after the devastation that rocked the US island that houses close to 4 million people. Department of Tourism in Puerto Rico, has indicated that cruise and hotel accommodations are nearly restored, insisting that cruises have started departing in and out of ports and harbors.

It’s highly interesting to say the least because more then 85% of the general populace in Puerto Rico is without power and electricity, so the tourism aspect of this revelation is somewhat surprising. Puerto Rico’s tourism accounts for more then $2 billion annually toward the island’s revenue, so at the same token if tourism can get up to speed in production, travelers may revel to tour Puerto Rico, as they have done before Hurricane Maria occured.-SB

HAPPY MEMORIAL DAY TO THOSE WHO RISK & RISKED THEIR LIVES 4 US…ALL (USA)

By: Economic & Finance Report

Special day in the United States. Memorial Day is a day of rememberence, recognition and reflection, for those who have sacrificed and who continue to sacrifice their service and lives for our country’s sovereignty, liberty, and unconditional freedoms…

I salute and commend our servicemen and servicewomen, who tend to the challenges daily, that face this great nation….

*Salute & God’s Many Blessings*… Happy Memorial Day -SB

THE SUPER TAXING ON MILLIONAIRES HAS BEEN DROPPED BY FRANCE (NEW YEAR DAY EDITION 2015)

 

French tax By: Economic & Finance Report

The super taxation by French government to tax wealthy millionaires has been dissolved or let go recently. France has dropped the tax indefinitely. The tax was levied  on having millionaires who were living in France (citizens/nationals) had to pay substantially high tax rates, something of upward of 70%-75% on the current tax rates.

The tax was already rejected by the French Supreme Court and it was having major hurdling blocks already, since France is already going through its own economic crisis. The tax had taken a more drastic effect on an already volatile economy.

The increased tax rate already being substantiated by a minority population in France; it still was being rebuked by the majority of the population. Many protests had occured by citizens and people alike, in which they were displeased with the tax. The indicator was that the  tax  was hurting an already digress economy and not only this, the tax was heavil hurting more businesses not to hire people, and affecting an already growing unemployment figure within the country.

-SB