Arguements for State restrictions tax-exemption of local governments - (Please don't answer - 103185)

Part 1 - What are the effects of States restricting tax-exemptions on local governments? Why is this done?What is the arguement for this? Part 2 - What are the specif effects of restriction of tax-exempt bonds by state's on local goverments when the local government has high debt and the state government has low debt?

Private activitiy bonds restriction by the state - (please do not answer- 103185)

Part 1. Does restrictiing "private-activity" bonds, the solution set forth by the Federal tax reform act of 1986, make sense if applied by the state on local governments? What are the arguements for state restriction of these bonds? Part 2. Do the arguements for restricting these private activity bonds by the state on local governments change in any way if a state has low debt and the local government has high debt?

Beta using regression analysis

Think about the risks inherent in your Ficticious Company and how to quantify these risks. Download the data provided and calculate the measure of risk for this company (defined as Beta in the Capital Asset Pricing Model - CAPM) and explain why this calculation is a measure of risk. Discuss when this type of calculation is appropriate, and when the coefficient of variation is an appropriate measure of risk. The following website might be helpful: Revisiting the Capital Asset Pricing Model http://www.stanford.edu/~wfsharpe/art/djam/djam.htm

Public Finance

George Bush this past spring pushed a massive tax cut through congress, whose centerpiece was elimination of the income tax on dividends and acceleration of previously enacted rate cuts on upper income tax brackets. The IMF in an unusual move sharply criticized these potential tax cuts. IMF Says Bush Tax Cut Is Poor Policy, Ill Timed By GREG IP Staff Reporter of THE WALL STREET JOURNAL WASHINGTON -- The International Monetary Fund delivered a sharp rebuke of the Bush administration's fiscal policy, saying the White House has proposed poorly timed and probably unnecessary tax cuts while failing to confront the looming costs of Medicare and Social Security. The international lende... click for more

Public Finance

Read the following excerpt from a Wall Street Journal article last fall and answer the questions which follow it: I think the ECB made a bad decision last week in keeping its interest rate unchanged. European interest-rate policy is an issue that Americans need to take more seriously; it is having and will have an increasing impact on the global flow of funds, on the value of U.S. stocks and bonds and, ultimately, on how well we all live. It was the day after the U.S. Federal Reserve had surprised markets by cutting its target for the federal-funds rate by half a percentage point, rather than the anticipated quarter-point cut. The ECB was holding its scheduled meeting. It was a great oppo... click for more