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...White House aides, who know their party faces a perilous election this fall. This same strategy was much in evidence at the White House Thursday, when President Obama proposed a new tax on large banks to compensate for losses suffered by taxpayers in bailouts of the financial industry that began in the final months of the Bush Administration. "We want our money back, and we are going to get it," the President said, using unusually informal language to identify with the great mass of American taxpayers. Massachusetts Democrat Coakley took that as a cue to release a statement putting...
...Last year was Hollywood's best performance in India to date. The success of the U.S. exports in the world's most prolific movie market - India makes over 1,000 films every year - began a year ago, as Indian audiences from Punjab to Chennai lapped up all genres of films, from Sony's Terminator Salvation to Warner's Harry Potter and the Half-Blood Prince to the Fox Star Studio-distributed Ice Age: Dawn of the Dinosaurs. Even Baz Luhrmann's romantic epic Australia, which tanked pretty much everywhere else in the world, made $2 million on the subcontinent - enough...
...thought there should be more attention paid to how financial markets interact with the retail market. But when it comes to more restrictions on the way large Wall Street firms like Goldman do business, Blankfein said there were already too many constraints. He said that since his firm began to be regulated by the Federal Reserve and not the Securities and Exchange Commission - a switch that happened when Goldman became a bank-holding company in late 2008 - the oversight of his firm had increased to a level that, given all that had happened, seemed right. "Perhaps there should have been...
...Harvard began the meet with a bang, capturing a 1-2-3 finish in the 1000-yard freestyle event. Co-captain Alex Meyer led his team with a time of 9:30.61 for a strong first-place finish in the race. Junior Blake Lewkowitz and senior Mason Brunnick followed in second and third with times of 9:31.50 and 9:35.51, respectively...
...week began with Turkey needlessly slapped in the face, but by Wednesday, it was the turn of Israel's Foreign Ministry to suffer a public humiliation, being forced to grovel for Ankara to accept its apology. "Those who thought that nominating Lieberman to be Foreign Minister would not create problems for Israel were once more shown to be mistaken," a senior Israeli official speaking on condition of anonymity told TIME. "It was a disgrace to us all as Israelis." The Israel-Turkey relationship looks likely to absorb this week's contretemps, with neither side looking to escalate. On both sides...