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When you're staring at a $250 billion budget deficit for the year, a fresh tax or two can come in handy. And if unpopular banks are the targets, better still. Few of Britain's voters will quibble with Alistair Darling's call Wednesday, March 24, for a global tax on banks to help recover the billions in public funds doled out during the crisis. "We intend to get all taxpayers' money back," the Chancellor of the Exchequer said during his budget speech to Parliament, his last before a general election expected in May. Charging banks to help do that...

Author: /time Magazine | Title: In Europe, a Tax on Banks Gains Momentum | 3/26/2010 | See Source »

...corporate fraud in history is turning into one of Broadway's most expensive plays. A team of theater producers is spending nearly $4 million to bring Enron to New York City from London. That's a fraction of what Hollywood routinely doles out, but on Broadway the multimillion-dollar budget of the play, which is set to open for previews on April 8, is drawing attention...

Author: /time Magazine | Title: Will Enron Play on Broadway? | 3/25/2010 | See Source »

...gotten rave reviews in London, and the director Rupert Goold, who is staying with the Broadway production, won London's Evening Standard award for best director. But the producers decided to replace the cast when they brought the play to New York. All that has driven up the budget for the play, which will probably cost about $300,000 a week to run, on top of the nearly $4 million the producers have already committed...

Author: /time Magazine | Title: Will Enron Play on Broadway? | 3/25/2010 | See Source »

...McAuley somewhat bitterly assumes that rich students are “insulting” the rest of us when they deign to live on a budget and that they do not learn anything valuable about careful spending habits.  To make his point, Mr. McAuley criticizes rich Harvard students who take the T instead of taxis, who frequent sales racks instead of high priced stores like the Tannery, and who prefer to eat in dining halls rather than patronize expensive restaurants. It is a perverse and undeserved assault...

Author: By Nick Nehamas | Title: Friends with Money, and Principles | 3/25/2010 | See Source »

...write off Aceh yet. Thanks largely to four weekly flights from Kuala Lumpur operated by the budget carrier AirAsia, tourists are trickling into Banda Aceh, the provincial capital, and for good reason. The city itself is leafy and slow-paced, while Acehnese people are proud, hospitable and keen to make up for years of isolation. Drive out along the west coast and you'll find white-sand bays studded with jungle-clad islands, beaches where 900-kg turtles lay their eggs, and forests where tigers prowl and gibbons peer down from the trees...

Author: /time Magazine | Title: Keeping the Faith in Banda Aceh | 3/25/2010 | See Source »

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