Word: mightly
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...transactions ranging from foreign-currency trades to derivatives - received a chilly reception abroad. U.S. Treasury Secretary Timothy Geithner pooh-poohed it as "not something we're prepared to support." But Darling's call for a global bank tax could yield something closer to the U.S. vision. Such a levy might involve taxing banks' wholesale funding, in line with the Financial Crisis Responsibility Fee proposed by Obama in January...
...this month, favoring instead a wider implementation of some of the tough rules that left his country's banks relatively unscathed by the crisis. But the publication next month of the International Monetary Fund's recommendations on bank taxes - a report commissioned by the G-20 countries last year - might help coax reluctant nations into considering the measure. "Some countries feel they did their homework," says Arturo De Frias, an analyst at Evolution Securities in London. Should there be an agreement on the issue, he says, "I would be very, very surprised...
...might take even longer for true strength to be evident in the housing market. "Recent estimates suggest that it would take about 33 months to clear all troubled mortgages at the current pace of liquidations," wrote Merrill Lynch analyst Michael Hanson in a recent note. Alex Barron, founder and senior research analyst at Housing Research Center LLC, has similar worries: "We need to be concerned about the homes that are significantly underwater but haven't yet defaulted," he says. "It may take another two, three or four years before we're well on our way towards a real recovery...
...think the review process is more superficial somehow because there is less space,” said Alessandro Doria, an associate professor of epidemiology who conducts research at the Harvard-affiliate Joslin Diabetes Center. “Perhaps the application will be more direct, but some of the reasoning might be lost...
...Israel is ready to resume direct negotiations, and blames Palestinian demands for a complete settlement freeze for creating an impasse. But his stance on Jerusalem may have simply reinforced the Palestinian leadership's argument that no deal can be done with the current Israeli government. (Of course, the Israelis might counter that the current Palestinian leadership with which it is being asked to negotiate has questionable political authority over its own people.) Still, the Obama Administration appears inclined to force Netanyahu to make a choice between pursuing a peace process whose contours "everybody knows" - to borrow his phrase - and being...