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Moves to force lenders to pay up in response to the global financial blowout are gaining momentum. German officials announced plans Monday, March 22, to start taxing banks as a way of squirreling funds for any future bailouts, with details expected to come before the end of the month. U.S...

Author: /time Magazine | Title: In Europe, a Tax on Banks Gains Momentum | 3/26/2010 | See Source »

Netanyahu insists that 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...

Author: /time Magazine | Title: Netanyahu Heads Home, Still at Odds with the U.S. | 3/25/2010 | See Source »

But as Parodi notes, most conservatives are elated over the move - and emboldened to defy future Sarkozy measures they disagree with. "The taboo of opposing his leadership has been broken," Parodi says. Meaning, the postregional victim list of would-be Sarkozy policies is likely to grow over the coming year...

Author: /time Magazine | Title: Why Sarkozy Dropped His Beloved Carbon Tax | 3/25/2010 | See Source »

The news has been relentlessly bad for the Pope. Two weeks ago, Germany was scandalized by revelations that a pedophile priest was allowed to work again with children after being transferred in 1980 to the Archdiocese of Munich, which was then headed by the future Pontiff. Over the weekend, an...

Author: /time Magazine | Title: After U.S. Abuse Revelation, the Vatican Fires Back | 3/25/2010 | See Source »

As the Times posted its story on the accused priest, Father Lawrence Murphy, who died in 1998, the Holy See responded on the Web. In a statement linked on the Vatican's brand new Twitter account, the Rev. Federico Lombardi, a Papal spokesman, declared, "By sexually abusing children who were...

Author: /time Magazine | Title: After U.S. Abuse Revelation, the Vatican Fires Back | 3/25/2010 | See Source »

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