Word: pay
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Dates: during 2000-2009
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There's little disagreement that by picking up the banks' half-a-trillion-dollar repair bill, taxpayers got a rotten deal in the financial meltdown. How to make sure they're not forced to pay a second time is unclear. A levy on financial-market transactions, stretched beyond foreign-currency 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...
...oversize banks that got us into the current pickle. That job falls to regulators. Moreover, evidence of the impact of transaction charges on the volatility of assets is mixed: buyers in Britain's housing market - which, like many others around the world, cratered in 2007 - have been required to pay a transaction tax on their purchases for years. (Read "How to Know When the Economy Is Turning...
...funds. And in that respect, there may be simpler methods. Because of the lukewarm response from other countries to Brown's suggestion, the British government was quick to reduce the levy to one of several ideas the Prime Minister had for recouping taxpayers' billions. Another idea - that banks themselves pay into a central rescue fund, with contributions determined by a lender's size or risk exposure - could yet prove more popular...
...black-carbon load. Next, diesel filters in cars can be upgraded, and biomass-burning stoves can be exchanged for technology that uses solar power or natural gas. These changes will cost money, but they should be cheaper than decarbonization. And cutting back on black carbon will also pay immediate health dividends, with less air pollution and fewer deaths from respiratory diseases. We might even be able to see the sky in New Delhi again...
Alexandra Clarke: The tent was a really cool idea, but it wasn’t very practical. Many people ruined their shoes last year. The Northwest Labs is actually a cool modern artistic gallery/warehouse space. Since we don’t have to pay as much as we had to for the tents, we have extra money to do lighting, set design, a cooler runway space, chairs, and to create a very professional-looking show...