Word: states
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...Having sanctioned some $1.3 trillion in state- and central-bank aid to protect its country's troubled lenders, Britain's government has been mulling a bank tax for months. Prime Minister Gordon Brown's proposal last fall for an international "Tobin tax" - a levy on financial-market transactions ranging from foreign-currency trades to derivatives - received a chilly reception abroad. U.S. Treasury Secretary Timothy Geithner pooh-poohed it as "not something we're prepared to support." But Darling's call for a global bank tax could yield something closer to the U.S. vision. Such a levy might involve taxing banks...
...Kadima Party, whose 28 seats make it the largest party in the 120-seat parliament. Together with the 27 held by his own Likud Party and the 13 held by Labor (which is already in his coalition), Netanyahu could easily muster a governing coalition committed to implementing a two-state peace - if he could persuade his own party to do so and, more importantly, if he intends to go there himself. That, fundamentally, is the question currently being tested by the Obama Administration...
...measure was intended to prod consumers to conserve energy and invest in greener cars and insulation, and raise $4.7 billion to $6.1 billion in new annual revenues to finance state-funded ecological investments. But what voters and rightist parliamentarians saw in it was one of the most visible examples of Sarkozy doing the opposite of what he'd promised when running for the presidency - and in this case, creating new taxes rather than cutting and eliminating as pledged. "Up till now, Sarkozy has led by saying 'I believe and I have decided,' and he's now being forced to modify...
...because of the high improbability of all 27 E.U. members voting in an identical measure. Even Sarkozy's own allies are questioning the President's logic. "If we wait for Europe to make a decision, the carbon tax will be put off indefinitely," lamented Sarkozy's Secretary of State for Ecology Chantal Jouanno in the daily Libération Thursday. "I despair this stand-down, and I despair that ecolo-skepticism has won out." (Read "Sarkozy Stands by France's Hated Immigration Minister...
...Twitter account, the Rev. Federico Lombardi, a Papal spokesman, declared, "By sexually abusing children who were hearing-impaired, Father Murphy violated the law and, more importantly, the sacred trust that his victims had placed in him." But Lombardi defended the decision not to remove Murphy from the "clerical state," saying the priest was "elderly and in very poor health" and that he was "living in seclusion, and no allegations of abuse had been reported in over 20 years." Lombardi explained that the doctrinal office thought it wiser that church authorities in Wisconsin simply restrict Murphy's ministry and require...