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...Europe wrestles with the challenges posed by climate change, France's new tax is unlikely to be the last. Governments in the E.U. and U.S. have tried other big levers in their efforts to choke harmful emissions in recent years. Large, industrial companies in Europe that pollute beyond acceptable levels have to pay up for the permission to do so, for instance; under plans approved by the House of Representatives in June and currently with the Senate, U.S. firms could be required to do the same. But in its bid to meet ambitious targets on greenhouse gas reductions, Europe looks...

Author: /time Magazine | Title: France Considers a Tax on Carbon Emissions | 9/12/2009 | See Source »

...hard to imagine a new tax getting a bigger cheer from a political leader than the one unveiled by Nicolas Sarkozy Sept. 10. The French President's radical plan to impose a carbon tax on homes and businesses, he said on a factory visit in eastern France, addresses the "question of survival of the human race." Slated for introduction next year, the levy marked the "first step," Sarkozy said, in "a fiscal revolution...

Author: /time Magazine | Title: France Considers a Tax on Carbon Emissions | 9/12/2009 | See Source »

...unhealthy economy, a single lost job becomes infectious, combining with others and spreading through family, neighborhood and community. Widespread cutbacks in spending by families mean lower demand for businesses and lower tax revenues for the government. This belt-tightening means fewer car sales and thus fewer jobs for car-part makers. It means less government spending on infrastructure and other public services, including economic development. The sum effect is less available work for job seekers - a perfect vicious circle. For a well-educated job loser like Whitfield, it can mean a permanent drop in earning power and standard of living...

Author: /time Magazine | Title: The Ripple Effect: What One Layoff Means For A Whole Town | 9/11/2009 | See Source »

...previous downturns were not as severe as this one. Decreased spending at places like Golden Corral has gone straight to the county budget's bottom line. This year's sales-tax revenues are projected to drop 10% from last year. Overall revenue is expected to fall 9%, or $5,528,022. Capital projects have been hit. The county had planned to renovate the courthouse, an elegant 1930 brick building that sits in a square off Main Street and has a workmanlike modern extension off the back. At a meeting in May, the county council decided to delay the project...

Author: /time Magazine | Title: The Ripple Effect: What One Layoff Means For A Whole Town | 9/11/2009 | See Source »

Anderson, Pastor Steve • karma catches up with and smacks upside the head after vile preaching by - "I hate Barack Obama ... God wants me to hate Barack Obama ... God hates Barack Obama!" - prompts investigation into business practices of and things are found out about that could have tax consequences...

Author: /time Magazine | Title: This Preposterous Week! Paul Slansky's News Index | 9/11/2009 | See Source »

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