Word: tobin
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Dates: during 2000-2009
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...feud has erupted between U.S. Representative Patrick Kennedy and Bishop Thomas Tobin, Rhode Island's top Catholic leader, over whether the pro-choice lawmaker should be allowed to receive Communion. On Nov. 20, the son of the late Ted Kennedy told the Providence Journal that Tobin had ordered him not to partake of the sacrament--an accusation the bishop later denied, saying it had been merely a request. The spat is the latest between Tobin and Kennedy, who sparred in October after Kennedy criticized church leaders for supporting the veto of a health care bill unless it included restrictions...
Individual schools showed enormous variation. Amigos, Fletcher-Maynard, Haggerty, Morse, and Tobin School all reported that over 60 percent of their students come from low-income families. Baldwin, Graham and Parks, and King Open all had above 60 percent of students coming from high-income families...
This socioeconomic imbalance also manifested itself in uneven geographic distribution of students in six of schools mentioned above. Only Tobin and Graham and Parks saw many students enroll from non-neighboring areas...
...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...
...With the IMF scheduled to report next April its own findings on possible funding options for future bailouts, banks will, in one way or another, be forced to put aside more to cover the costs. Tobin, were he alive, would surely welcome that...