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...politicians desperate to win over vexed voters, it's a convenient notion. Indeed, French President Nicolas Sarkozy, suffering in polls almost as badly as Brown, has previously argued in favor of the tax. Look beyond that, though, and support for the measure starts to wane. The levy is "not something we're prepared to support," U.S. Treasury Secretary Timothy Geithner said in response to Brown's call. Officials from Russia, China and the European Central Bank also shied away from...

Author: /time Magazine | Title: Britain's Idea to Tax Financial Transactions | 11/13/2009 | See Source »

...probably still in the air, warming the planet - black carbon has a relatively brief life span. It remains just a few weeks in the air before it falls to earth. That's key, because if the world could reduce black carbon emissions soon, it could help blunt warming almost instantly. "You can wait a week or a month and the totals in the atmosphere can be significantly different," says Eric Wilcox, an atmospheric scientist with NASA. Meanwhile, if we were to vastly reduce new CO2 emissions immediately, the billions of tons that already exist in the atmosphere would keep warming...

Author: /time Magazine | Title: Black Carbon: An Overlooked Climate Factor | 11/13/2009 | See Source »

...last-minute deal by Speaker Nancy Pelosi to appease antiabortion Democrats and secure her 5-vote margin - things get exponentially more complicated in the Senate. There the ideological balance among Democrats is closer than in the liberal House, and the rules allow amendments that could send the bill in almost any direction. Most crucially, it will take a supermajority of 60 votes - exactly the number Reid has in his Democratic caucus - to progress in the face of a GOP filibuster...

Author: /time Magazine | Title: The Senate's Turn: Can Democrats Close the Health Care Deal? | 11/12/2009 | See Source »

...story behind Yunus' conception isn't even exclusive in his new home, which is not far from the airport. His adopted sister Nadia, who celebrated her first birthday on Nov. 1, was born following the rape of her mother in Kuwait. Both children were born in Jakarta and were almost immediately placed into Ibu Herlina's care. Their adopted mother points out that the children share "Arab" facial features, in contrast to most of their siblings, who have "Asian looks." Her home, consisting of a modest house and a dormitory-like shelter, is filled with 10 children who were abandoned...

Author: /time Magazine | Title: Rape and the Plight of the Female Migrant Worker | 11/12/2009 | See Source »

When the economic crisis hit China late last year, by contrast, almost half of the emergency spending Beijing approved - $585 billion spread over two years - was directed at projects that accelerated China's massive infrastructure build-out. "That money went into the real economy very quickly," says economist Albert Keidel of the Carnegie Endowment for International Peace...

Author: /time Magazine | Title: Five Things the U.S. Can Learn from China | 11/12/2009 | See Source »

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