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Having sanctioned some $1.3 trillion in state- and central-bank aid to protect its country's troubled lenders, Britain's government has been mulling a bank tax for months. Prime Minister Gordon Brown's proposal last fall for an international "Tobin tax" - a levy on financial-market transactions ranging from...
The other expiring program - the federal home-buyer tax-credit program, which offered an $8,000 credit to first-time home buyers - was so successful at luring home shoppers into the decimated market last year that the government extended it into 2010 and expanded it to include a $6,500...
Certain markets are faring better than others. Boston, parts of southern California, Houston and Dallas have seen sales and prices start to pick up. Even though California was the epicenter of the boom and bust, prices have bottomed in many of its markets, especially for entry-level buyers. "Whenever a...
As the Times posted its story on the accused priest, Father Lawrence Murphy, who died in 1998, the Holy See responded on the Web. In a statement linked on the Vatican's brand new Twitter account, the Rev. Federico Lombardi, a Papal spokesman, declared, "By sexually abusing children who were...
Officials in the church staunchly continue to defend the Pope. They say Benedict has pushed for far greater transparency and penitence than his predecessor, and certainly more than many of the local bishops who should have been the ones managing the individual cases. And so far, each new revelation from...