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The scheme, the idea of a small U.N. agency, is backed by the travel industry and heavyweights of international aid such as the William J. Clinton Foundation and the Bill and Melinda Gates Foundation. It will be formally announced in New York City on Sept. 23 on the fringes of...

Author: /time Magazine | Title: New Airline-Ticket Tax to Aid the Developing World | 9/18/2009 | See Source »

It sounds like a small step, and many airline travelers, already irritated by compulsory surcharges for fuel, baggage and wider seats, may simply ignore it. But behind this call for a voluntary contribution is an unprecedented worldwide effort to make up a shortfall in official government aid to poor countries...

Author: /time Magazine | Title: New Airline-Ticket Tax to Aid the Developing World | 9/18/2009 | See Source »

The world financial crisis has made such change a necessity, says Bjorn Skogno, a senior official in the Norwegian Foreign Ministry, who is a board member of the Millennium Foundation, the entity set up by UNITAID to collect and distribute the private donations. Overseas development aid "is likely to go...

Author: /time Magazine | Title: New Airline-Ticket Tax to Aid the Developing World | 9/18/2009 | See Source »

Bank of America CEO Kenneth Lewis may be in for much more than a trip to the woodshed. Ever since Bank of America completed its deal to buy Merrill Lynch, questions have lingered about whether the chief executive was completely honest with shareholders about the state of Merrill - specifically about...

Author: /time Magazine | Title: The Rise and Sudden Fall of Bank of America's Ken Lewis | 9/18/2009 | See Source »

At the start of “My One and Only,” Anne Devereaux (Renée Zellweger) comes home to her Manhattan apartment to find her husband in bed with another woman. But she doesn’t cry, or raise her voice, or even register the...

Author: By Shijung Kim, CRIMSON STAFF WRITER | Title: My One and Only | 9/18/2009 | See Source »

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