Unemployment Stats in PEI Shows Potential Devastation of Tory's EI Changes
There has been a massive increase in the unemployment to job vacancy ratio in PEI. A year ago this measure was eight unemployed to every available job. Latest data shows there are a staggering 15.5 job seekers for every available job. The increase is likely related to the recent changes to Employment Insurance (EI) brought in by the federal Tories.
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French 75% 'millionaire's tax' gets constitutional go-ahead | Reuters
The French President Francois Hollande has won against the constitutional council's challenge to the 75% tax on individuals. The tax will be levied against individuals (not families) that make over 1 million Euros. It is currently being applied to businesses.