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There's nothing like financial Armageddon for reviving the work of an old economist. Amid the recessionary doom and gloom, the world has channeled Adam Smith, dusted off John Maynard Keynes and revisited Eugene Fama. In recent days, it's been James Tobin's turn. Close to four decades since the Yale economist proposed a levy on foreign-exchange transactions - or a "Tobin tax," as the suggestion became known - the idea is enjoying a new lease of life. At a meeting of G-20 finance ministers last weekend, British Prime Minister Gordon Brown suggested the group of leading countries consider...
Sheeleigh is Harvard’s leading scorer with eight goals, five assists, and 28 shots on goal. Sophomore Melanie Baskind comes in a close second with six assists and four goals, two of which came in last weekend’s victory over Columbia. The Crimson also has five more players with multiple goals on the season...
...difficult and close as the health care vote turned out to be in the House - requiring a 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...
...women raising the boy hope he never learns about his mother - let alone his real father. The stigma of such a birth is so heinous that Yunus' mother gave him up to Normawati, 50, and her close friend Ibu Herlina, 53, who describe themselves as Yunus' adoptive grandmother and mother, respectively. However, the child's situation is not unique, and Normawati (who like many Indonesians goes by a single name) is not unused to it. Indeed, the campaigner for migrant-worker rights and her daughter are raising several children of half-foreign parentage who were abandoned by raped migrant mothers...
...just NIMBYism that constrains the U.S. these days, of course. America is close to tapped out financially, with budget deficits this year and next exceeding $1 trillion and forecast to remain above $500 billion through 2019. But sometimes the country seems tapped out in terms of vision and investment for the future...