Owen County, Indiana, is trying to sell a one-square inch plot of land for $15,000. Needless to say – they haven’t been successful. Constricting tax codes, not a rich vein of diamonds, can be thanked for the ridiculous price:
Results show that cross-country equity returns are directly related to increases in economic freedom. For investors seeking superior investment returns, countries likely to experience an increase in economic freedom should be selected for investment.
Interesting piece from Robert Hahn of AEI-Brookings and Paul Tetlock, a finance professor. They argue for two things:
World Bank President Paul Wolfowitz speaking at the 2005 Business for Social Responsibility Conference:
Michael Luongo tells us that while investor optimism is on the rise, regulatory uncertainties continue to stunt possibilities.
Ihor Yatsenko of FirstNews describes the Seventh Kilometer, an Odesa institution:
...this combination of odd bits and pieces has become a merchandising attraction that draws hundreds of busloads of wholesale and retail buyers every day that together spend more money than the retail volume of some of the largest shopping centers in Europe and the United States.