Obama’s plan to raise capital gains taxes will drive investment offshore
News from Baltimore Sun:

In his State of the Union Address, President Obama barely touched on the country’s soon-to-be $ 16 trillion national debt, massive joblessness, entitlement insolvency, economy-crippling government regulations and the other compelling issues (“Obama targets economy, taxes in address,” Jan. 25).

Sounding like an Occupy Wall Street interviewee, he once again attributed virtually all of the country’s ills to the supposed failure of “millionaires and billionaires” to pay their “fair share.” Specifically, he is troubled that those with the greatest income pay only a 15 percent tax rate on their long-term capital gains and proposes that their rate be doubled to 30 percent.

The president’s position is as fatuous as it is incoherent.

Unlike their investment profits, th…………… continues on Baltimore Sun

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Algonquin Power & Utilities Corp. Announces Withdrawal from Minority Interest …
News from CNBC.com:

OAKVILLE, ON, Jan. 27, 2012 /PRNewswire via COMTEX/ — Algonquin Power & Utilities Corp. (“APUC”) (TSX: AQN) today announced that it plans not to proceed with the previously announced investment in First Wind Holdings, LLC’s (“First Wind”) wind portfolio in the North East United States (“Portfolio”). The initial joint announcement with Emera Inc. (“Emera”) (TSX:EMA) in April 2011 had contemplated APUC acquiring a minority interest of approximately 12.5% in the Portfolio, representing an approximate U.S. $ 83 million investment.

“Although First Wind is a developer of high quality wind projects, the longer than anticipated regulatory process in Maine, together with the transactions we have announced since April 2011 have contributed to our decision not to proceed with the First Wind investment”, commented Ian Robertson, Chief Executive Officer of APUC. “Notwithstanding this decision, we remain solidly focused on gaining regulatory approval in Maine for the advancement of our Strategic Investment Agreement with Emera.” “Our Strategic Investment Agreement with Algonquin creates an excellent relationship, and together we believe we can capitalize on many investment opportunities we see in front of us”, said Chris Huskilson, CEO, Emera Inc.

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The Investment Answer: Learn to Manage Your Money & Protect Your Financial Future
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