Health care and climate change

[Towntalk]

Bond-market rout lifts mortgage cost

http://apnews.myway.com/article/20090606/D98L67500.html

But this and other big government spending programs are turning out to have the opposite effect. Rates for mortgages and U.S. Treasury debt are now marching higher as nervous bond investors fret about a resurgence of inflation.

The head of China's second-largest bank has said the United States government should start issuing bonds in yuan, rather than dollars, in the latest indication of the increasing importance of the Chinese currency.

Guo Shuqing, the chairman of state-controlled China Construction Bank (CCB), also said he is exploring the possibility of issuing loans to trading companies in yuan, allowing Chinese and foreign companies to settle their bills in yuan rather than in dollars.

[sfc_oliver]

Sounds more and more like some of the less developed countries want an international tax with the US footing most of the bill.

[Towntalk]

Two new ways to pay for Health care and fight climate change.

Democrats Weigh Health Mandate as Obama Urges Taxing Wealthy

http://www.bloomberg.com/apps/news?pid=20601087&sid=aj5HHIKfogR8&refer=worldwide


Levy on international air travel could fund climate change fight

http://www.guardian.co.uk/environment/2009/jun/07/international-flight-levy-un-climate-change