Word: risks
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...those looking to such a tax to protect against future calamities, there's even more disappointment. Squeezing the volume of financial trading wouldn't have done much to tackle the eye-watering debts and shoddy risk assessment at the 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...
...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...
...reduce the risk of another round of panic selling, Saks and other retailers have ordered up to 20% less inventory for this holiday season. "You clearly aren't going to see the kind of discounting that you saw last year," says Sadove, although he doesn't rule out 70%-off sales being held at the end of the season if there's inventory left...
...says, includes presentations like "Operating in a World of Bans" and a regulatory workshop that "invites participants to wipe the regulatory slate clean and start afresh." Other topic descriptions spoke of "state-sponsored behavior modification" and "aggressive legislation." Particularly galling to the protesters was the seminar entitled "Harm and Risk Reduction: Should It Be an Integral Part of Global Health Policy...
Agustin Torres, the newly sworn-in president of Mexico City's central borough, has proposed taking prostitutes off the streets and into a new "tolerance zone," like Amsterdam's red-light district, where sex workers can operate without the risk of police harassment and with access to contraception and health checks. The 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...