Money & Markets – Week of 05.11.14

Texas Dubbed ‘Magnet State’ by Internal Revenue Service
Biz Journals | 12 May 2014
Texas expanded its personal income tax base by $2.4 billion…

Scottish Retailer Replaces Pound with Bitcoin
Scotsman | 11 May 2014
A Second-hand exchange in Glasgow is replacing the pound with virtual currency Bitcoin for three days in one of its stores…

Europe Deflation Risk Seen by 74% in Global Investor Poll
Bloomberg | 11 May 2014
Financial professionals are optimistic about the global economy…

Switzerland To Vote On Adopting World’s Highest Minimum Wage
The Huffington Post | 12 May 2014
Swiss business leaders shocked by past popular votes to cap executive pay and curb immigration are wary of a May 18 referendum…

Alexander Hamilton Was Even More Amazing Than You Thought
Bloomberg Businessweek | 09 May 2014
Chalk up another first for Alexander Hamilton, the good-looking man on the 10-dollar bill…

Draghi Sets Clock Ticking for June Stimulus by ECB
Bloomberg Businessweek | 08 May 2014
Mario Draghi has given himself a month to craft a new fix to the European Central Bank’s deflation angst…

Russia Demands $3.8bn Security Deposit From Visa and Mastercard
The Guardian | 06 May 2014
Kremlin imposes unprecedented requirements on global payment systems operating in Russia in response to US sanctions…

Puffery by UBS Doesn’t Support Investor Suit
Courthouse News | 06 May 2014
Because its “aspirational” statements about the sub-prime mortgage market did not mislead shareholders…

States Blame Fiscal Cliff for Tax Revenue Slide
The Washington Post | 08 May 2014
Tax revenues have dropped in numerous states for the first time since the end of the great recession…