Word: called
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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...
...Minister Gordon Brown's proposal last fall for an international "Tobin tax" - a levy on financial-market transactions ranging from foreign-currency trades to derivatives - received a chilly reception abroad. U.S. Treasury Secretary Timothy Geithner pooh-poohed it as "not something we're prepared to support." But Darling's call for a global bank tax could yield something closer to the U.S. vision. Such a levy might involve taxing banks' wholesale funding, in line with the Financial Crisis Responsibility Fee proposed by Obama in January...
...Third District is traditionally a Democratic stronghold, and McGovern has run unopposed in three of the last four elections. But Stopa said that there has been a call for conservative candidates in the district, which includes both “Democratic havens” of Fall River and Worcester and more conservative middle class suburbs of Boston...
...Israeli police are having increasing difficulty maintaining the delicate status quo that governs the Old City, whereby each religious group has control of and the exclusive right to pray at their respective holy sites. At moments of political tension, and on religious holidays, radical Israeli groups have been calling for Jews to go and pray on the Temple Mount - which Muslims call the Haram al-Sharif, and is under their control. Jerusalem cops recognize that such a move would be treated by the Palestinians as an extreme provocation...
...retired in order to save money so the military can pay for the F-35. "The Air Force, in order to be able to afford the modernization, is going to have to retire some older aircraft," he said. "That's just a fact of life." Others in the Pentagon call it a self-licking ice cream cone: the U.S is now in an arms race with itself...