Word: unpopularity
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When you're staring at a $250 billion budget deficit for the year, a fresh tax or two can come in handy. And if unpopular banks are the targets, better still. Few of Britain's voters will quibble with Alistair Darling's call Wednesday, March 24, for a global tax on banks to help recover the billions in public funds doled out during the crisis. "We intend to get all taxpayers' money back," the Chancellor of the Exchequer said during his budget speech to Parliament, his last before a general election expected in May. Charging banks to help do that...
...elected to do,'" says political analyst Jean-Luc Parodi. "He's the example that remarkable people are equally remarkable when they make mistakes, and he's having to face some of those. In reality, the disastrous regional elections gave him the excuse to backtrack on the very unpopular carbon...
...Monde newspaper in France, titled simply "A Victory," referred not to the big news in France that day - the left's strong showing in the French regional elections - but to Obama's health care success. The President "succeeded where his predecessors have failed," the paper said, including the deeply unpopular George W. Bush, who it said "abandoned all ambitions on this issue." (See 10 players in health care reform...
...they strike a compromise or make battle? Five legislators chose to do battle: in January, they resigned in the hope of forcing what they call a "de facto referendum" when they run again for their seats in the resulting by-elections. But the plan is rash and has proved unpopular. The other pan-democrats distanced themselves from the plan, while the pro-Beijing parties threatened not to run candidates in the elections, making it likely that the five will be voted back in without being able to score a victory for their cause at the polls. (See a brief history...
Prime Minister Jan Peter Balkenende's unpopular effort to extend the deployment of the 1,950 Dutch troops in Afghanistan backfired on Feb. 20 when 12 Cabinet members resigned, bringing the government to a standstill. Although Dutch forces account for only 2% of coalition troops in Afghanistan, the move rebuffs President Obama's appeal for increased participation from U.S. allies. Dutch soldiers are expected to withdraw fully by the end of the year...