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...sure they're not forced to pay a second time is unclear. A levy on financial-market transactions, stretched beyond foreign-currency trades to cover stocks, derivatives and other clever instruments, might offer twin benefits. By slapping an additional fee on each transaction, the tax "would naturally drive [investors] toward those that are more sensible, more profitable, more rational," suggests Julian Jessop, chief international economist at the consultancy Capital Economics in London. What's more, even a modest levy on the world's financial markets - Tobin first proposed a 1% charge on currency deals, before advocating even lower rates - would...

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

This exchange, though brief, aptly summarizes the overall experience of watching this film. It begins with high hopes for artistry and authority, makes plodding steps toward achieving these goals, and remains largely unsuccessful. The audience patiently grants the film time to develop, but instead of maturing, the plot slowly abandons its attempts at greatness and withers. The film succeeds in its early attempts to satirize the modern art world, but soon grows convoluted and unnecessarily dark, much like 2006’s indie house failure “Art School Confidential...

Author: By Clio C. Smurro, CONTRIBUTING WRITER | Title: (Untitled) | 11/13/2009 | See Source »

...score, which alternates between vaguely eerie and uncomfortably alarming. A host of strange, unnatural sounds accompany moments of onscreen tension, at times recalling the abrasive and bizarre soundtrack of a Paul Thomas Anderson movie but without Anderson’s artistic discretion. The film’s surprising turn toward a dark and haunting ending, as typified by a grotesque and unexpected murder scene, also proves jarring and unnecessary. If this film were an artistic hopeful, it would probably do well to accept its limited talents, give up its dream, and get a real occupation...

Author: By Clio C. Smurro, CONTRIBUTING WRITER | Title: (Untitled) | 11/13/2009 | See Source »

...fall of the Berlin Wall 20 years ago signaled a sea change in international policy and kick started a period of unprecedented global openness. While the border wall does not have this same public resonance, stopping its construction would be a first step toward creating a new environmental consciousness within the U.S. government. This sea change would prove no less significant than that which occurred after the fall in Germany. The last 20 years have seen international barriers shrink on an unprecedented scale; the next 20 must see environmental consciousness of the same scale...

Author: By A. patrick Behrer | Title: Reflecting on the Wall | 11/12/2009 | See Source »

...suffering of prostitution," says Father Hugo Valdemar, spokesman for the archdioceses of Mexico City. "They should be looking at how much the authorities themselves are involved in the mafias controlling this vice." The church has a special congregation dedicated to freeing prostitutes from the trade and helping steer them toward other jobs, Valdemar said. (See the picture gallery "Tales of the Drug Lord...

Author: /time Magazine | Title: Does Mexico City Need a Red-Light District? | 11/12/2009 | See Source »

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