Word: lowers
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...Still, pressure for reductions in regional trade barriers is building, partly due to frustration over the failure of the World Trade Organization to complete the Doha Development Round, which is supposed to lower trade barriers globally. Leaders at the upcoming APEC summit are expected to commit to the completion of a basic framework for an Asia-Pacific zone by the end of 2010. While the details have yet to be hammered out, such an agreement would be an unprecedented step forward. One thing is for certain: this year's APEC must generate more than an amusing photo...
TOIVO ILVONEN, project manager for the world's largest cruise ship, Oasis of the Seas, which had to lower its smokestacks to squeeze under a bridge on its maiden voyage to its home port...
Although the fee will likely be "hidden" within airfares, Harteveldt is concerned that it could ultimately work against TPA initiatives and "come back to haunt us." But Senator Dorgan counters that $10 is far lower than similar fees - ranging from Ireland's $14 entry tax to the U.K.'s whopping $100 - paid by Americans when they travel abroad. And with a mere 35 countries that would be required to pay the fee, fewer than 30% of foreign travelers will be affected...
...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...
...fellow Monmouth County resident Bruce Springsteen, whose music sometimes fills Bharara's office when he works late. A framed photo of the Boss and Bharara's mother hangs in his lower-Manhattan office...