Word: crisises
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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...
Moves to force lenders to pay up in response to the global financial blowout are gaining momentum. German officials announced plans Monday, March 22, to start taxing banks as a way of squirreling funds for any future bailouts, with details expected to come before the end of the month. U.S...
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...
Those doubts are likely to exacerbate what Rozès calls "the real leadership crisis" on the right - a split between Sarkozy and conservative legislators who have publicly challenged the President's moves over the past year and increasingly see him as ideologically inconsistent. The biggest complaint has been Sarkozy...
Netanyahu reportedly balked at White House demands earlier this month that Israel refrain from further construction in East Jerusalem. Indeed, he used his time in Washington to repeatedly restate his government's policy on Israeli settlement in East Jerusalem that had triggered a crisis during U.S. Vice President Joe Biden...