The Senate Finance Committee began searching for a compromise on how to deal with the estate tax's uncertain future. The tax, which is applied to inherited assets, is scheduled to disappear in 2010 only to come back in 2011 at the higher exemptions and rates that were in effect prior to 2001, when Congress cut the estate tax. Groups representing family owned businesses have urged Congress to make estate tax repeal permanent, but even their supporters concede that's not going to happen. "We can't get that done," said Sen. Jim Bunning, R Ky. "I support repeal, but we need certainty in this area," said Sen. Max Baucus, D Mont., who chairs the Senate Finance Committee. At a Nov. 14 hearing, the committee heard from billionaire investor Warren Buffett, Nevada rancher Dean Rhoads and Iowa manufacturer Eugene Sukup. Buffett, chairman and CEO of Omaha, Neb. based Berkshire Hathaway, recommended keeping the...<br><a href='http://blog-about-finance.com/news/39832'>http://blog-about-finance.com/</a>

Dr Nahed Taher highlighted the mining, petrochemical, transportation, utilities and communications sectors as industry fields in which regional companies have a chance of becoming global players. Regional companies need to focus on these sectors to develop competitive advantages to perform on a global level she said. Commenting on the role of Arab governments, Dr Taher pointed out that the growing trend towards public private partnerships (PPP) to facilitate large infrastructure projects was a step in the right direction. Governments are realising that a business approach needs to be taken to ensure efficiency. This is something which they are learning to adapt to, she said. In terms of progress in this regard, Saudi Arabia has the most privatised economy in the GCC, she added. Stressing the need for a reduced role of governments, Dr Saad Al Barrak said governments in the region play a much too crucial role in their economies. They own many assets and, at the same...<br><a href='http://site-with-content.com/news/25112'>http://site-with-content.com/</a>

Ministers are facing demands for answers after 25 million people's personal details were lost in Britain's worst ever data protection breach. The "catastrophic" blunder by HM Revenue and Customs (HMRC) means nearly half the UK's population including leading politicians and businessmen are at risk of identity fraud. Chancellor Alistair Darling revealed the staggering scale of the debacle in an emergency statement to MPs, as Paul Gray, the head of HMRC, fell on his sword. Two compact discs containing names, addresses, dates of birth, child benefit numbers, national insurance numbers and bank or building society account details of some 25 million individuals and 7.25 million families have gone missing. The Commons emitted a collective gasp as Mr Darling explained how a junior official sent the entire child benefit database...<br><a href='http://big-internet-site.com/news/24525'>http://big-internet-site.com/</a>

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