Tag Archives: government

Jerusalem Rabbi Insists the Pope Must Hide His Cross

Pope Benedict XVI hopes his planned visit to Jerusalem’s Western Wall next month will be taken as a gesture of reconciliation in the long-troubled relationship between Judaism and the Catholic Church. But at least one influential rabbi will take offense — unless the pontiff removes or conceals the golden cross he wears on a chain around his neck, “out of respect” for the Jews. Explaining his demand that Benedict hide the very symbol of the Catholicism he represents, Rabbi Shmuel Rabinovitch, the spiritual authority responsible for overseeing Judaism’s most sacred site, told TIME, “I wouldn’t go into a church wearing Jewish symbols, out of respect for the place, and I would expect that the Pope would act the same here.” Quoting King Solomon, the rabbi says that the Temple in Jerusalem was “a house of prayer for all people, not just Jews.” He added: “We welcome this Pope.

China Says ‘Keep Out’ to Coca-Cola

China has picked a strange time to lay down a marker in defense of economic nationalism — and an even stranger industry in which to do it. Amid a global recession, with Beijing’s state-owned companies fanning out across the globe trying to invest in or buy foreign producers of minerals, precious metals, oil and gas, China’s Ministry of Commerce on March 18 formally blocked what would have been the largest acquisition by a foreign company in China, a $2.4 billion deal

Zimbabwe ‘surviving on beer and cigarettes’

Zimbabwe’s new finance minister Wednesday complained that President Robert Mugabe’s government is running on taxes and duties paid on beer and cigarettes. As he presented his revised 2009 budget to parliament, Finance Minister Tendai Biti noted that “indirect taxes made up of customs and excise duty have contributed 88 percent of government revenue, which means that the government has been literally sustained by beer and cigarettes.” “This is unacceptable,” the minister added.

Trump: ‘AIG has politicians right where they want them’

Donald Trump, chairman and president of The Trump Organization and the executive producer of NBC’s "Celebrity Apprentice," spoke with Larry King on Tuesday about the public’s furor with AIG, the Bernie Madoff saga and the nation’s economic woes. The following is an edited version of the interview

The Case for Letting AIG Fail

There’s an uproar about whether the government should let AIG fail, a debate re-energized by the latest revelation of bonus payments going to AIG’s executives. In fact, there’s a good case to be made that AIG should fail, and it has nothing to do with bonuses. The rescue of AIG is warping the banking system and unnecessarily extending the credit crisis.