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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...
...White Teeth” is funny. It is a charming and thought-provoking look into British society, the immigrant experience not seen by the outside world. It reveals the society’s flaws, poking fun at everybody but condemning nobody. Zadie Smith shows the confusion of trying to understand the present in the context of a past that never existed; “The funny thing about getting old in a country is people always want to hear that from you,” Archie muses. “They want to hear it really was once a green...
While these statistics paint a blanket picture of the Crimson’s dominance this season, the team has relied on a number of standout individuals to bolster its efforts. Harvard has seen stellar play from co-captain Andre Akpan and Rogers. Akpan is leading the team in goals with 11 and also has six assists. Rogers’ score last week was his sixth of the season, accompanied by his five assists...
...past two years have seen that narrative interrupted, not so much by missteps on Underwood’s part but, rather, by the emergence of rivals: Miranda Lambert, whose fiery country-rock made Underwood seem tame by comparison, and, above all, Taylor Swift, a true singer-songwriter whose undeniable hooks, felt lyrics and incandescent enthusiasm have propelled her to a level of national stardom far above Underwood. It is no coincidence, then, that in the same week that Swift has a Springsteen-esque seven singles simultaneously in the Top 50 (pop, not country), Carrie Underwood released an album that from...
...China, the household-savings rate exceeds 20%. It is partly for straightforward policy reasons. As we've seen, wage earners are expected to care for not only their children but also their aging parents. And there is, to date, only the flimsiest of publicly funded health care and pension systems, which increases incentives for individuals to save while they are working. But China, like many other East Asian countries, is a society that has esteemed personal financial prudence for centuries. There is no chance that will change anytime soon, even if the government creates a better social safety...