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...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 "How to Know When the Economy Is Turning...

Author: /time Magazine | Title: Britain's Idea to Tax Financial Transactions | 11/13/2009 | See Source »

...science is evolving - it's so new that black carbon wasn't even listed as a warming agent in the most recent report from the Intergovernmental Panel on Climate Change - but it cannot be ignored. Black carbon is already having an impact on the ice atop the Himalayas, the massive glaciers that feed the major rivers of Asia when they melt each spring. Thanks to global warming, these glaciers are receding, threatening the long-term water supplies for the region. Ramanathan, Wilcox and an Indian glaciologist Syed Iqbal Hasnain are working to figure out the impact of black carbon...

Author: /time Magazine | Title: Black Carbon: An Overlooked Climate Factor | 11/13/2009 | See Source »

...Real ID Act of 2005 allowed the Department of Homeland Security to construct infrastructure along our nation’s borders with immunity from all government laws and regulations. Using the power granted under this act, the Secretary waived the impact assessment requirements of both the Endangered Species Act and National Environmental Protection Act. Thus, the border wall’s construction—which took place on some of the most ecologically valuable land in the country—went ahead without any consideration of its impact on the native species that call this area home...

Author: By A. patrick Behrer | Title: Reflecting on the Wall | 11/12/2009 | See Source »

...After a raucous but peaceful protest that lasted an hour, security guards at the Impact Convention Center forced the demonstrators to leave. Conference organizers refused to meet with the protesters and locked the meeting-room doors to members of the media without making a statement, except to say the conference was private. Churit Tengtrisorn of Thailand's Ministry of Public Health said that the ministry opposed Tabinfo 2009 and the tobacco industry in general. "The tobacco industry has been pushed out of the developed world, and now it is trying to exploit the developing world. We are certain that...

Author: /time Magazine | Title: Thai Protesters Smoke Out Tobacco Execs | 11/12/2009 | See Source »

...example, have been integrated into the math curriculum for high school students. And China is placing even more importance on teaching young students English and other foreign languages. If you think China's willingness to constantly fine-tune its educational system is not going to have much of an impact 20 years from now, there's a 7-year-old boy in Shanghai who'd be happy to discuss the issue with you. In English...

Author: /time Magazine | Title: Five Things the U.S. Can Learn from China | 11/12/2009 | See Source »

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