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...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...

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

...accounting gimmicks. Not only could the new revenue sources have instead been used to fund better ends like healthcare vouchers or lowering the deficit, but they are also unrelated to the systemic causes of high health care costs (like moral hazard caused by the incentives of the current fee-for-service system and the lack of preventive care). The idea that the alleged deficit reduction comes from bending the cost curve in any meaningful way is breathtakingly disingenuous...

Author: By Colin J. Motley and Caleb L. Weatherl | Title: Change We Shouldn’t Believe In | 3/23/2010 | See Source »

...Europe, voters demand that their governments offer good public services - including decent education and medical care - and regularly vote them out of office when they fail to deliver. Taxes may be slightly higher in Europe, but medical fees are heavily subsidized by governments and are drastically cheaper than they are in the U.S. The French, for example, pay a fixed $30 for a doctor's visit - and proposals to raise that fee even a few cents can ignite national protests. And in most of Europe, insurance companies are barred from rejecting applicants because of pre-existing conditions. (See pictures...

Author: /time Magazine | Title: E.U. Gloats Over Belated U.S. Health Care Reform | 3/23/2010 | See Source »

...NCAA is finishing up the eighth year of an 11-year, $6 billion contract with CBS, which broadcasts the tournament. After this season, the NCAA can opt out of the deal and seek new television partners. Knowing that they might not be able to secure a hefty rights fee for a new deal in a shaky economy, the extra games could secure additional revenue for the schools - NCAA members share the tournament revenue whether they play or not, so more games enlarges the pie. "The opportunity for securing long-term financial stability through such contracts is certainly a priority," says...

Author: /time Magazine | Title: NCAA Mulls Expanding March Madness. Are They Mad? | 3/18/2010 | See Source »

...instances when they have grudgingly embraced the Internet bogeyman. The prospect of tying their future success to online distribution scares them because it means they will need to develop new distribution and pricing models. (For example, Netflix can stream an unlimited number of Hollywood films for a monthly subscription fee, but this does not include new releases.) They will also need to figure out how to stop people from setting up clone video and music stores with pirated content...

Author: /time Magazine | Title: Cisco's New Router: Trouble for Hollywood | 3/16/2010 | See Source »

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