How about a tax on fires?

On National Review Online, Acton Research Director Samuel Gregg examines the push for a “transaction tax” to solve some of the fiscal problems in the European Union. The move would, Gregg explains, “levy a tax on any transaction on financial instruments (securities, loans, deposits, derivatives, and various asset classes) between banks, hedge funds, insurance businesses, investment companies, and other financial organizations whenever one contracting party is located in the EU.” That may not sound like much, but would apply to literally millions of financial transactions daily. The scheme has drawn the support of “EU apparatchiks” but the opposition of the British who see the tax proposal as a threat to London’s financial competitiveness. Gregg sees what’s behind it:

Read more on Samuel Gregg: Financial Fiddling while the Euro Burns…

Doubtful, at least on these terms. Does the institutional church have to officially advise the government in order to have influence?

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European institutions “more open than ever” to church co-operation
By Jonathan Luxmoore

Read more on The Return of Christian Europe?…

On Wednesday the European Commission again delayed a decision on whether European farmers may grow more genetically modified (GM) crops. The commission claimed that more scientific analysis is needed before three new crops can be approved. But curiously, the European Food Safety Authority (EFSA) has already twice analyzed the crops and found that they pose no danger to public health.

Read more on European Commission Attacks its Own Scientists…

John Berthoud of the National Taxpayers Union has a piece in today’s Washington Examiner about the battle between Microsoft and the European Commission. Berthoud writes that it is part of a larger “anti-American” program, and “another example of old-guard European protectionism.”

Read more on Open Source, Closed Markets…