U.S. June Consumer Price Index Rises 0.2% (Bloomberg): ”So far this year, consumer prices are rising at a 2.2 percent annual rate compared with a 2.8 percent increase at the same time last year. Core prices are rising at a 0.9 percent annual pace, down from a 1.9 percent rate in the first six months of 2002.”
EU Watchdog Fines Wanadoo (BBC): For the crime of pricing its internet services too low!
Team Targets Tax Abuse (SFGate.com): “State and federal tax authorities on Tuesday pledged an intensified level of cooperation to fight abusive tax shelters as part of a nationwide crackdown on such schemes, which have cost both levels of government billions of dollars in lost revenue.”
