Surprise! Your Tax Burden Is Lighter Than You Think

With all the talk about taxes and whether we should lower them, you'd think that the citizens and corporations of the United States face steep tax rates. You'd be wrong, though. When it comes to taxes, things are not as they appear.

Currency Wars Are Heating Up Across Latin America

Emerging market countries, especially those in Latin America, are gearing up for a potentially damaging round of currency interventions to help keep their economies competitive. "This is a currency war that is turning into a trade war," says Brazilian Finance Minister Guido Mantega.

Best and Worst Global Stock Markets of 2010

The big national stock market winners of 2010 scored returns far above those of U.S. markets by piggybacking on China's ferocious growth. But rebounding American equities look mighty impressive next to the year's real losers: the victims of the eurozone debt crisis.

Rescued Chile Miners Sporting Slick Oakley Sunglasses

Family, rest, hot food -- and a really cool pair of shades. That's what a miner needs after being trapped underground for more than two months. Eyewear maker Oakley is handling that last part: It has provided free high-performance sunglasses to the 33 Chilean mine workers being rescued Wednesday.

Follow the Money to Real Growth, Not Tax Breaks

This week, David Cay Johnston published a thought experiment titled "How Would You Invest $1 Billion Under the Current Tax System?" Its premise is that if we use tax policy to boost demand, we can find more profitable ways to invest. It's a premise DailyFinance columnist and venture capitalist Peter Cohen rejects.

Chilean Tremors May Be Felt in American Stomachs

Chile's 8.8-scale earthquake on Saturday came at the end of the summer harvest for Latin America's largest economy and a major supplier of fruit, wine and fish to the U.S. Some analysts say higher prices for Chilean food exports are likely, although the full extent of the damage has yet to be determined.

Insured Losses in Chile Could Top $8 Billion

Projected insured losses from the massive 8.8 magnitude earthquake that struck Chile on February 27 range from $2 billion to more than $8 billion. When the total economic damage is tallied, losses for what is believed to be one of the top 10 most powerful earthquakes ever may exceed $15 billion.