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...jazz on the symphony? I'm not a person who writes really abstract things with oblique references. I look at abstraction like I look at condiments. Give me some Tabasco sauce, some ketchup, some mayonnaise. I love all of that. Put it on a trumpet. I've just got to have the ketchup and Tabasco sauce. That's my attitude about musical philosophy...
There's little disagreement that by picking up the banks' half-a-trillion-dollar repair bill, taxpayers got a rotten deal in the financial meltdown. How to make sure they're not forced to pay a second time is unclear. A levy on financial-market transactions, stretched beyond foreign-currency trades to cover stocks, derivatives and other clever instruments, might offer twin benefits. By slapping an additional fee on each transaction, the tax "would naturally drive [investors] toward those that are more sensible, more profitable, more rational," suggests Julian Jessop, chief international economist at the consultancy Capital Economics in London...
...those looking to such a tax to protect against future calamities, there's even more disappointment. Squeezing the volume of financial trading wouldn't have done much to tackle the eye-watering debts and shoddy risk assessment at the oversize banks that got us into the current pickle. That job falls to regulators. Moreover, evidence of the impact of transaction charges on the volatility of assets is mixed: buyers in Britain's housing market - which, like many others around the world, cratered in 2007 - have been required to pay a transaction tax on their purchases for years. (Read...
...goals is enough for most teams in three seasons,” Leone said with a laugh. “They got...
...both the vision and the financial wherewithal to make that happen." Tam, a graduate of MIT and the University of California, Berkeley, says he does deals in Beijing rather than Silicon Valley these days "because I believe this is where these new industries will really take shape. China's got the energy, the drive and the market to do it." Isn't that the sort of thing venture capitalists used to say about the U.S.? (See pictures of the global financial crisis...