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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Lazarus_Long who wrote (20615)	7/30/2007 5:11:32 AM
From: elmatador	Read Replies (1) \| Respond to of 220226

Foreign direct investment good for economy-Bernanke Federal Reserve Chairman Ben Bernanke on Wednesday said increased foreign direct investment into the United States would be positive for the economy. ELMAT: There will be more and more companies snapping up US juicy firms. "In the future I think it is quite likely we will see more foreign direct investment coming from abroad," the Fed chief told members of the House of Representatives Financial Services Committee. Bernanke also said using the Social Security system and simplication of the U.S. tax code would provide incentives to encourage consumers to save more. "One might consider using the existing Social Security system...possibly an add-on account whereby individuals had a chance through their payroll taxes to contribute to a independent account that would be in their name," he said. Bernanke also said the long list of savings programs and incentives in the U.S. tax code are often confusing and there might be some benefit to simplifying the savings programs in a way that people can understand better