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The European Union is planning to tax all airlines that travel to and from the 27 EU nations based on the amount of carbon emissions they produce. The tax, to be collected beginning in 2013 for prior year emissions, will be calculated based on the length of each flight. The farther the airlines travel, the heftier the tax.
It's tempting to call the shameful taxpayer subsidy for electric cars - vehicles that are unaffordable for all but a small number of wealthy Americans - this nation's costly little secret.
From the perspective of the corporate profit and loss statement, a trading loss is one expense item in the context of all revenues and expenses. So $2 billion should be compared to the bank's $26.7 billion in pretax profits for 2011, suggesting a reduction of something less than 10 percent in annual profit.
Most of the powers and prohibitions specified in the Constitution concern commercial matters, and conservative jurists should be favorable to restoring this focus.
Sir, Gillian Tett is distorting history by understatement ("The banks that politicians can be seen to embrace", February 18). She writes: "During the savings and loans crisis of the 1980s dozens of small banks collapsed." Dozens? Between 1982 and...
Why wait until after an election to begin making meaningful changes in the way government works?
This event will discuss the EU's role in Airbus development.




