Louis Woodhill, following on the work of Art Laffer, developed a framework for judging whether any given amendment to current tax law pays for itself or is self-defeating by analyzing the change in the present value of revenues discounted out to the infinite horizon produced by the tax amendment.

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On 28 July 2010, Catalonia's parliament, after long debate (under Spanish law, citizens who collect at least 50, 000 signatures within 120 days in support of a proposed change in the law may present that petition to the regional parliament, obliging the latter to debate and vote on the proposal) voted 68 to 55 (with nine abstentions) in favour of banning bullfighting in Catalonia.

BBC: Bullfighting in Catalonia: The death of Barcelona��s ring

Entrepreneurial leadership has its greatest impact in times of uncertainty and change, like the present.

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Mr Kim Young Sam, too, can claim to be a reformer, ending the use of fictitious names in financial transactions, a change that has enabled the present government to probe the campaign-finance scandal.

ECONOMIST: South Korea

While this is not an event anyone is hoping to repeat, consideration of the state of our economy is directly relevant in the context of discussing whether or not potential climate change policy should be pursued at the present time.

FORBES: Surprise Side Effect Of Shale Gas Boom: A Plunge In U.S. Greenhouse Gas Emissions

On the subject of devolution, he said the Assembly could not deliver enough change in its present model.

BBC: Increase assembly's power, says peer