Word: protect
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...Having sanctioned some $1.3 trillion in state- and central-bank aid to protect its country's troubled lenders, Britain's government has been mulling a bank tax for months. Prime Minister Gordon Brown's proposal last fall for an international "Tobin tax" - a levy on financial-market transactions ranging from foreign-currency trades to derivatives - received a chilly reception abroad. U.S. Treasury Secretary Timothy Geithner pooh-poohed it as "not something we're prepared to support." But Darling's call for a global bank tax could yield something closer to the U.S. vision. Such a levy might involve taxing banks...
...amount such a levy would raise is unclear. If the Germans use the U.S. plan - which calls for a tax of 0.15% on liabilities at about 50 banks and other financial institutions - Germany could raise as much as $12 billion a year. Would that be enough to protect banks in the case of another meltdown? Of course, proper government and regulatory scrutiny can guard against a repeat of the recent crisis. But in the event of a disaster on a similar scale, "you're never going to get a fund big enough to cover all that," says Simon Maughan...
Most museum staffers agree that the new state-of-the-art space in Northwest has clear functional advantages over the aging facility it currently occupies: foremost, a new heating, ventilating, and air conditioning system that will keep temperatures and humidities stable throughout the year to protect sensitive specimens like skins and skeletons and to prevent insect infestations...
Elaine Donnelly, head of the nonprofit Center for Military Readiness, a conservative group, predicted Congress will stick with the ban. "I remain confident that members of Congress ultimately will retain current law," she said, "which is important to protect recruiting, retention and readiness in the all-volunteer force." (From TIME's Archive: The dawn of "Don't ask, don't tell...
...with a similar initiative applicable to all member states. "Environmental dumping threatens our jobs, [and] it would be absurd to tax French companies while giving a competitive advantage to those in polluting countries," Sarkozy argued, saying he remained committed to a carbon tax as a necessary move to protect the environment - though only once nations "who continue to pollute without shame" agree to become as virtuous...