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Convincing every major economy of the virtues of a bank tax, though, remains the biggest challenge. Canadian Finance Minister Jim Flaherty, for instance, rejected a bank tax out of hand earlier this month, favoring instead a wider implementation of some of the tough rules that left his country's banks...

Author: /time Magazine | Title: In Europe, a Tax on Banks Gains Momentum | 3/26/2010 | See Source »

There are already signs of how fragile the rebound truly is. The latest month-over-month data show sales have slowed in recent months despite low mortgage rates and the home-buyer tax-credit program. New and existing home sales fell 2.2% and 0.6% respectively from January to February, and...

Author: /time Magazine | Title: Get Ready for a Painful 'Hockey Stick' Housing Recovery | 3/26/2010 | See Source »

Initial reactions to the plan are mixed. Bob Curran, managing director of Fitch Ratings, calls it a step in the right direction. He says principal reductions will likely be more effective in modifying loans than past efforts that involved only interest-rate cuts and extensions of loan terms. "The loan...

Author: /time Magazine | Title: Obama's New Foreclosure Plan Gets Mixed Reviews | 3/26/2010 | See Source »

Perhaps the worst misfortune to befall the world's gorillas is that they live in some of the most resource-rich and lawless parts of the planet. Their forest homes in Africa are rich in timber, gold, diamonds and coltan, the mineral used in electronics like cell phones, and the...

Author: /time Magazine | Title: Is Chinese Economic Demand Killing Africa's Gorillas? | 3/26/2010 | See Source »

There are two species of gorilla in the Greater Congo Basin: the western and eastern gorilla. Each species has two subspecies. Nellemann says the most threatened of those is the eastern lowland gorilla, which lives mostly in eastern Congo's North and South Kivu regions. Those areas have seen some...

Author: /time Magazine | Title: Is Chinese Economic Demand Killing Africa's Gorillas? | 3/26/2010 | See Source »

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