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...Convincing every major economy of the virtues of a bank tax, though, remains the biggest challenge. Canadian Finance Minister Jim Flaherty, for instance, rejected a bank tax out of hand earlier this month, favoring instead a wider implementation of some of the tough rules that left his country's banks relatively unscathed by the crisis. But the publication next month of the International Monetary Fund's recommendations on bank taxes - a report commissioned by the G-20 countries last year - might help coax reluctant nations into considering the measure. "Some countries feel they did their homework," says Arturo De Frias...

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

...principal is reduced. Those who get a modified loan must make full monthly payments for three years for the principal to be reduced permanently. The high standards for these loan modifications suggest that the Administration hopes to head off another wave of loan defaults and foreclosures by providing help earlier in the process...

Author: /time Magazine | Title: Obama's New Foreclosure Plan Gets Mixed Reviews | 3/26/2010 | See Source »

...earlier version of the Mar. 26 post "The Most Important Meal Of The Day: FlyBy Does Brain Break" incorrectly stated that Quincy's brain break offered Lucky Charms. In fact, the cereal's name is Marshmallow Mateys...

Author: By Derrick Asiedu, CRIMSON STAFF WRITER | Title: The Most Important Meal Of The Day: FlyBy Does Brain Break | 3/26/2010 | See Source »

...earlier version of the Mar. 26 staff editorial "How 'Bout Them Dems" stated that Harvard economist David Cutler estimates that the law may save hundreds of millions of dollars more than the CBO predicted over the next decade. In fact, Cutler predicted it will save hundreds of billions of dollars...

Author: By The Crimson Staff | Title: How ’Bout Them Dems | 3/26/2010 | See Source »

...there is a concerted campaign to damage the Catholic Church and its supreme leader. A senior official reacted with disgust after reading the latest article, saying, "It's obvious the New York Times has its mind made up. You have to ask why they didn't print a story earlier this month on the conviction of a Jewish rabbi in Brooklyn on eight counts of sex abuse." The official also referred to a libel case against Oprah Winfrey that involved sex-abuse allegations that was settled quietly on Wednesday. "But then why the front page for this story? They...

Author: /time Magazine | Title: After U.S. Abuse Revelation, the Vatican Fires Back | 3/25/2010 | See Source »

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