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Having sanctioned some $1.3 trillion in state- and central-bank aid to protect its country's troubled lenders, Britain's government has been mulling a bank tax for months. Prime Minister Gordon Brown's proposal last fall for an international "Tobin tax" - a levy on financial-market transactions ranging from...
A crucial feature of any British plan: revenue from the tax would be funneled directly into state coffers - remember that $250 billion deficit - and not into an insurance fund to be tapped in the event of any future catastrophe. Such a pool, the U.K. reckons, could simply encourage banks to...
Lawrence Yun, chief economist with the National Association of Realtors, believes the proposal only partially addresses the housing industry's problem. Although it may help reduce foreclosures, it does nothing to stimulate demand for homes. "Stabilizing housing involves two parts. First is to raise the demand so that it eats...
The changes—which streamline the application process by cutting page limits in half and limiting the number of revision opportunities to one—may pose additional challenges for junior faculty, who have less space to lay out a convincing proposal, Emmons said. Applicants will be assigned an...
Though the Faculty decided to postpone the vote to approve the name change for the following meeting, the proposal did not make the agenda for the last few meetings.