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Last year British Prime Minister Gordon Brown raised his country's top marginal rate for income tax to 50% from 40%. This came on the heels of a decision to borrow more than $1 trillion over the next five years, bringing his country's public debt to 79% of GDP by 2013. There has been the expected backlash from the superrich, but the majority of Brits don't seem to mind so much...
...credit-card regulations, widely known as the CARD Act, could tilt the priorities of borrowers even more toward credit cards. Lenders used to be able to cancel a customer's credit card if they defaulted on their mortgage. Now, under the act, lenders are not allowed to raise the rate or revoke a card unless the cardholder is late in paying that card...
...does not act boldly now to modernize its model of socially inclusive capitalism. The Europe 2020 plan focuses on honing the E.U.'s technological edge, especially in green industries, and on improving higher education. And it sets key targets for E.U. member states, including raising the overall employment rate from 69% to 75%, boosting investment in research and development from 1.9% of E.U. gross domestic product to 3%, and lifting the percentage of 30-34-year-olds with a university education from 31% to 40%. (See pictures of the global financial crisis...
After a simple incident of crowd interference in a baseball game, Ogden Marsh is stripped of any peace or tranquility. When the town drunk stumbles onto the baseball field carrying his shotgun, Sherriff David Dutton, played by the first-rate Timothy Olyphant (known best as the porn producer in “The Girl Next Door” and the cyber-terrorist in “Live Free or Die Hard”) confronts and eventually guns down the inexplicably aggressive drunk, as the entire town attentively stares through the baseball diamond’s chain link fence. The scene...
...College’s survey of undergraduate’s J-Term experiences—which had a student response rate of over 30 percent—yielded over 270 pages of comments from students, according to Harris, and administrators say they are waiting to pore through the feedback before deciding whether concrete action is necessary...