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...pays, administers and regulates it? But possibly more importantly, every major financial center would need to be on board for the levy to be effective. Investment banks wouldn't likely leave Britain for cheaper foreign currency-trading in Macedonia, but they might well if that opportunity was in Manhattan. Advanced economies imposing the tax unilaterally "would see their financial markets decimated," Howard Wheeldon, senior strategist at BGC Partners in London, wrote in a note to clients on Monday. (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: Britain's Idea to Tax Financial Transactions | 11/13/2009 | See Source »

...department's action against the Alavi Foundation in U.S. District Court in Manhattan expands a forfeiture proceeding which began last December against the Assa Corp., a part-owner of a 36-story high-rise on Fifth Avenue. But in what may be a first, the government also seeks to seize additional properties in New York, Maryland, Texas, Virginia and California, some of which house mosques, Islamic centers and schools. (See pictures of America's Islamic community...

Author: /time Magazine | Title: Why Does the U.S. Want to Seize Mosques? | 11/13/2009 | See Source »

...month-long advertising campaign promoting atheism in Manhattan subway stations with the slogan “A Million New Yorkers Are Good Without God. Are You?” was just launched in timing with your book. Why the focus on New York and no T ads?GME: There are about 20 more cities that are planning similar campaigns as the year goes on. Everywhere from big cities like Los Angeles and San Francisco to much smaller places like Idaho. Moscow, Idaho is running “Good Without God” advertising campaigns. So the point is really just...

Author: By STEPHANIE R. MCCARTNEY, CONTRIBUTING WRITER | Title: 15 Questions with Greg M. Epstein | 11/12/2009 | See Source »

Fresh off their 27th World Series win, the New York Yankees will take a victory lap through lower Manhattan on the morning of Nov. 6. It will be their record-setting ninth trip down the so-called Canyon of Heroes, the skyscraper-lined stretch from the island's southern tip to City Hall. And if past ticker-tape parades for sports champions are any guide, they can expect to be showered with up to 50 tons of confetti and shredded paper...

Author: /time Magazine | Title: Ticker-Tape Parades | 11/6/2009 | See Source »

...Kerik admitted accepting $165,000 in renovations to his Bronx apartment from a company accused of having ties to organized crime that sought city business. He paid $221,000 in fines, and under orders from Mayor Mike Bloomberg, his name was removed from the Bernard B. Kerik Complex, a Manhattan jail, which reverted to its original name, the Manhattan Detention Complex...

Author: /time Magazine | Title: Bernard Kerik | 11/6/2009 | See Source »

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