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The European Union (EU) has announced plans to levy a tax on airline emissions for all planes landing and taking off from EU airports. This tax would be calculated not only based on mileage flown in EU airspace but also for the entire length of the flight (thus, Chinese and Japanese airlines would be taxed for an entire journey from Beijing or Tokyo).
It would be a mistake for the World Trade Organization to restart the multilateral trade negotiations.
The best option to regain control of the multilateral negotiating process would be to suspend the Doha talks.
Since the 1930s, accountants and bank regulators have recognized the inherent weaknesses of mark-to-market accounting.
The Securities and Exchange Commission should suspend mark-to-market accounting.
Rick Santorum announced Tuesday that he is suspending his presidential campaign, leaving Mitt Romney to wrap up the Republican nomination to take on President Obama despite still having GOP hopefuls Newt Gingrich and Ron Paul in the race.
Majority Leader Harry Reid (D-Nev.) did not employ the nuclear option or go nuclear, as many headlines and stories suggested. He did not use an unprecedented ploy to challenge the filibuster or in any real way change Senate rules by majority vote. What Reid employed was closer to a firecracker than a nuke.
It is time to follow Franklin Delano Roosevelt and suspend mark-to-market.






