Word: londons
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...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. What's more, even a modest levy on the world's financial markets - Tobin first proposed a 1% charge on currency deals, before advocating even lower rates - would generate hundreds of billions of dollars in revenue. (See pictures of London during the financial crisis...
...stop currency speculators after the collapse of the Bretton Woods system of fixed exchange rates, but it was never imposed. Sweden enacted a tax on certain financial transactions in the 1980s but ditched it in 1991 after trading volumes sank. (See pictures of President Sarkozy in London...
...wrest back political and economic powers previously ceded to Brussels. The pledges by Conservative leader David Cameron came at the very moment E.U. integration took a huge step forward with the final ratification of the Lisbon Treaty earlier this month. (See pictures of French President Nicolas Sarkozy in London...
...more surprising. He was one of the few French politicians to back the U.S.- and Britain-led war in Iraq, and he has long championed both countries' relatively pro-Israel positions in the Middle East. A foreign policy wonk and NATO enthusiast, Lellouche has become a familiar figure in London, Washington and New York over the years, huddling with British and American politicians to influence decision-making on both sides of the Atlantic. However, his reputation for being somewhat of a loose cannon prevented him from being tapped for a government post until the straight-talking Sarkozy gave...
...which is running a reader poll on the question - are asking why Spain got itself in this position in the first place. "Less than 50% of the pirates caught at sea are actually taken away," says Stephen Askins, a maritime lawyer at Ince and Co., a London-based firm that specializes in international trade. "There's a 'capture and release' policy in a lot of these cases. So it's not clear why, given the circumstances, that the Spanish would have chosen to complicate the situation by extraditing these...