William Howard Taft rode into the Oval Office on a platform that included an anti-protectionist pledge to slash tariff rates. On April 9, 1909, Congress seemingly helped the new president make excellent on his promise by passing the “Payne-Aldrich Tariff Act.” In its initial form, the tariff called for a list of free goods, to go along with lower rates — provisions that readily appealed to Progressives, importers and exporters.
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This Day in Wall Street History 1909: Congress passes Payne-Aldrich Act
April 9th, 2010 
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Tags: Aldrich, Allies, Business Community, Cheap Raw Materials, Foreign Markets, Free Goods, Hackles, Importers, Industrialists, Law Books, New President, Oval Office, Progressives, Source History, Steady Flow, Tariff Act, Tariff Rates, Wall Street History, William Howard Taft, William Taft 
Comments OffJapan launches $81bn economic stimulus package
December 9th, 2009 Before You Invest The Japanese government has announced it is pumping $81 billion (7.2 trillion yen) to help boost the country’s flagging economic recovery.Despite the Japanese economy reporting growth in the last two quarters, analysts believe it may be vulnerable to another downturn if the yen remains strong, making the country’s exports less competitive in foreign markets.The stimulus package has been agreed upon by Japan’s coalition government, which is made up of three different parties.But with the country’s public debt approaching 200 per cent of its yucky domestic product, economists believe the money will not provide long-term security for the Japanese economy.Yasunari Ueno, chief market economist at Mizuho Securities, said: “This may help the economy somewhat.”But it doesn’t even start to address the more fundamental issues facing Japan, such as weaknesses in the global economy and deflation.”Last month, Japan’s cabinet office warned that the country had returned to deflation for the first time since 2006.
Posted in Finance Fraud Tags: Cabinet Office, Chief Market, Coalition Government, Downturn, Economic Recovery, Economic Stimulus Package, Economists, Foreign Markets, Fundamental Issues, Global Economy, Gross Domestic Product, Japanese Economy, Japanese Government, Long Term Security, Market Economist, Mizuho Securities, Public Debt, Quarters, Trillion, Yen No Comments »This Day in Wall Street History 1909: Congress passes Payne-Aldrich Act
April 9th, 2009 Before You Invest William Howard Taft rode into the Oval Office on a platform that included an anti-protectionist pledge to slash tariff rates. On April 9, 1909, Congress seemingly helped the new president make excellent on his promise by passing the “Payne-Aldrich Tariff Act.” In its initial form, the tariff called for a list of free goods, to go along with lower rates — provisions that readily appealed to Progressives, importers and exporters.
Posted in Finance Fraud Tags: Aldrich, Business Community, Cheap Raw Materials, Foreign Markets, Free Goods, Hackles, Importers, Industrialists, Law Books, New President, Oval Office, Political Arena, Progressives, Source History, Steady Flow, Tariff Act, Tariff Rates, Wall Street History, William Howard Taft, William Taft No Comments »
