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...poor reception? For a tax that's attracted high-profile backers like Brown and Sarkozy, its track record is thin. When Tobin first proposed the idea in 1972, it was seen as a way to 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...

Author: /time Magazine | Title: Britain's Idea to Tax Financial Transactions | 11/13/2009 | See Source »

...significant margin of error. India and other developing countries rightly argue that rich nations are responsible for the majority of carbon already in the atmosphere, and should therefore take the lead on cutting emissions, but if black carbon is definitively proven to play a large role in warming, poor nations will still be on the hook. (See pictures of this fragile earth...

Author: /time Magazine | Title: Black Carbon: An Overlooked Climate Factor | 11/13/2009 | See Source »

...that is problematic,” said Jillian L. Irwin ’11, a member of Harvard UAEM. “For us, the challenge is to ensure that they are not putting patents [on the drugs] and that there is a strategy in place for poor people to get them...

Author: By Linda Zhang, CONTRIBUTING WRITER | Title: Harvard Pledges To Make Medical Technology Accessible | 11/13/2009 | See Source »

...harnessed to something bigger. The government isn't frantically building all this infrastructure just to create make-work jobs. And kids aren't studying themselves sleepless because it's a lot of fun. A few years ago, I interviewed Zhang Xin, a young man from a deeply poor agricultural province in central China. His parents were wheat farmers and lived in a tiny one-room house next to the fields. He had graduated from Tsinghua University - China's MIT - and gotten a job as a software engineer at Huawei, the Cisco of China. His success, Zhang told...

Author: /time Magazine | Title: Five Things the U.S. Can Learn from China | 11/12/2009 | See Source »

...suggested circuit road on a nearby avenue away from family homes would help protect the sex workers against pimps and assailants, Torres says. "We have a duty to defend these people, who are simply doing their job," he told TIME. "Most of the residents of the area are poor folks who support a more socially progressive attitude to this issue...

Author: /time Magazine | Title: Does Mexico City Need a Red-Light District? | 11/12/2009 | See Source »

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