Word: taxingly
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...institutions is inevitable. The challenge for regulators in our hyper-connected economy is to ensure that such a failure can occur in a systematic and controlled manner. Resolution authority, the ability for the executive branch to unwind failing institutions in a speedy and contained manner, funded by a bank tax that would facilitate this process, is included in both the House and Senate bills, and is a good step in this direction. Such a resolution authority must be developed in concert with international bodies, as the fallout from the failure of global financial institutions is far-reaching...
...market while also performing some banking operations. The Volcker rule, which would ban banks from engaging in proprietary trading, would change technical classifications that are easy to work around, as investment banks could shift risks or sell their deposit-taking businesses with little pain. As Lowenstein notes, a transaction tax such as the one that has been proposed in England could at least raise revenue and begin to change the incentives for financial institutions...
...fell in New York. It was pretty mind-boggling to see all the bodies,” Pierre-Louis said at a fireside chat at the Phillips Brooks House Association last night. “All the symbols of state—the ministries, the court of justice, the tax bureau—everything that had to do with the history of that city had collapsed...
...opening" policy of extending Cabinet positions and élite administrative appointments to officials on the left. The President says he is trying to take a bipartisan approach, but right-wingers grouse that he is giving opponents spots they want for themselves. Conservatives have also resisted Sarkozy's ecology-minded tax on carbon emissions and his radical reform of local governing bodies...
...health-insurance providers of the first resort, and an unfair legal burden on doctors. Substantial numbers of Republicans had always favored reform, even archconservatives: 20 years ago, the Heritage Foundation's Stuart Butler came up with a plan to provide universal coverage, paying for it by replacing the tax-exempt status of employer-provided health benefits with a system of progressive tax credits. In 1993 the Republicans, led by Senators John Chafee and Bob Dole, who never forgot that his life was saved by government health care, offered an alternative that many, including me, thought was better than the Clinton...