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...wondering if there is something to the idea of separating risky financial activities from essential ones. Or we could tax financial transactions, a policy suggested as far back as 1929 by Virginia Senator Carter Glass (he of the Glass-Steagall Act) and now identified most closely with the late Yale economist James Tobin. In the 1970s, Tobin proposed a tax on currency trades to throw "sand in the wheels" of international finance and damp speculation...
...same time, the State Department sanctioned Namchongang Trading Company, based in Pyongyang, for being involved in the purchase of aluminum tubes and other equipment "specifically suitable for a uranium enrichment program since the late 1990s." The State Department believes the company may also have been involved in assisting Syria to build a covert nuclear reactor - one that Israel ultimately destroyed in September...
Brett C. Sweet, dean of administration and finance for the Faculty of Arts and Sciences, will leave Harvard in late July to assume the role of Vice Chancellor and Chief Financial Officer at Vanderbilt University, FAS Dean Michael D. Smith announced Thursday morning...
...Palin's book is slated for release in time for Mother's Day 2010. In addition to the trade edition, there will be a special version for the Christian market under HarperCollins' Zondervan imprint. Her editor is Adam Bellow, son of the late novelist Saul Bellow. Palin and Bellow have already huddled in person, and the book is under way. (TIME photographs: Sarah Palin...
...some critics, the new inquiry is too limited in scope and comes too late. "It is an insult to the intelligence of the people, at the expense of millions of dollars," says Iqbal Haider, who served as attorney general and law minister in Bhutto's governments. "What would an inquiry do after more than one and a half year has passed, when all the evidence was washed away, and no autopsy was taken of Benazir Bhutto or the 20 party workers who died with her?" (The Musharraf government was widely criticized after rescue services hosed down the scene...