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...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. President Barack Obama unveiled proposals in January for a $90 billion bank tax designed to recoup public money used to shore up the nation's lenders. No-nonsense Sweden, meanwhile, has already implemented its own version. But amid this consensus on the need to charge banks, doubts over the merit of the schemes remain. (See pictures of the global financial crisis...
...interest-rate cuts and extensions of loan terms. "The loan-modification effort has not been very successful to this point in time," he says. However, he believes that only a small fraction of troubled homeowners will qualify for the program. "It will probably help some additional portion of the public, but I'm not sure it's enough to make a difference [in the overall housing recovery]," says Curran...
Even with the stellar efforts of their party leaders, though, the victory would not be possible without the audacity of individual Democrats in the House and Senate. Healthcare was a bitterly divisive issue, and the American public trended toward opposition to the bill. Democrats in more conservative districts who voted for the law jeopardized their popularity and possibly even their jobs. It is rare in this era of campaign individualism for politicians to place principles before reelection, and those Democrats who accepted this risk deserve recognition. Considering this political gamble, constituents in favor of the new healthcare law should show...
...Obama and his administration showed tenacity in refusing to forfeit their vision for reform. Campaigning on the promise of fixing America’s unfair and unsustainable healthcare system, Obama put reform at the top of his political agenda and did not allow the debate to disappear from the public consciousness. As calls to throw out the bill and begin from scratch grew raucous upon Brown’s stunning election in January, Obama and his team increased their efforts by appealing directly to members of both parties and their constituents. The Obama administration’s resolve and clarity...
With the recent creation of a separate office for research strategy, the Harvard School of Public Health was well equipped to handle the January revisions to the National Institutes of Health grant application process...