“It makes U.S. jobs more expensive,” Ballmer said in an interview. “We’re better off taking lots of people and moving them out of the U.S. as opposed to keeping them inside the U.S.”

via Ballmer Says Tax Would Move Microsoft Jobs Offshore Update3 – Bloomberg.com.

By Spengler

For the United States to borrow the US$2 trillion a year that it wants, a poor country like Turkey cannot borrow the $30 billion a year that it needs – unless, that is, the United States borrows it first and re-lends it to Turkey.

When President Barack Obama respectfully suggests that Turkish Prime Minister Recep Tayyip Erdogan might like to jump, Erdogan will ask, “How long should I remain in the air?” Turkey requires a bailout from the International Monetary Fund (IMF) at which the US has the biggest vote. News that an IMF loan might be delayed sent Turkey’s lira crashing to a new low against the dollar last week. Just then, Secretary of State Hillary Clinton

via Asia Times Online :: Middle East News, Iraq, Iran current affairs.