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Articles and Letters

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Partly Facetious: Economy: govt not making waves

Published on October 31, 2014"So Mian sahib told the MQM delegation to mend fences with the PPPP?"Read full story

Land and income taxation

Published on October 31, 2014Reigns of kings and feudal lords, based on notion 'we own the land so we rule the people', gave way to modern nation States that assert sovereignty in levying taxes, among other things. The Constitution of Islamic Republic of Pakistan provides in Article 77, "No tax shall be levied for the purposes of the Federation except by or under the authority of Act of Majlis-e-Shoora (Parliament)". Yet, No government shows interest in collecting 'agricultural income tax' from the rich absentee landlords under laws enacted by the national and provincial assemblies.Read full story

Oil price declines have small - cap shale investors scrambling

Published on October 31, 2014Plummeting oil prices are pushing some of the small-cap companies which flourished as part of the US shale energy boom close to their breaking point, while also prompting some well-known fund managers to aggressively buy energy stocks.Read full story

'Little Berlin' village remembers how its own Wall fell

Published on October 31, 2014Germany, 1989: Snow falls as an excited crowd breaks through the Wall and people tearfully embrace loved ones after decades of living apart.Read full story