Word: accepted
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...have been able to determine their own pay packages. Say-on-pay votes and other measures that empower shareholders and outside directors are meant to shift that balance of power. At banks, meanwhile, pay is simply one more risk factor that regulators should keep an eye on. "Once you accept that government is already regulating the business decisions of banks, I don't know why this particular business decision to compensate should be exempted from intervention," Bebchuk says. (Watch TIME's video of Peter Schiff trash-talking the markets...
...Despite its protests that it is being unfairly vilified, the insurance industry is far from ready to simply accept the reform proposals currently on the table. Most of its efforts are concentrated on defeating the creation of a public-health-insurance alternative primarily for Americans currently priced out of the private-insurance market. But the industry's opposition to Democratic reform proposals goes far beyond the public option, which it believes will have an unfair, government-afforded advantage over insurers, and the industry is quietly lobbying for legislative language changes that could have major consequences. (Read TIME's special report...
...Some of the biggest gains during July were posted by small foreign carmakers such as Subaru, Hyundai and Kia, whose sales jumped 34%, 22% and 9%, respectively. Hyundai in particular was well prepared for the program from a marketing standpoint, having encouraged dealers to accept qualifying trade-ins nearly two weeks before the U.S. Department of Transportation launched its official cash-for-clunkers website. The payoff is already filtering through to workers. "Hyundai Motor Manufacturing Alabama is now increasing production by returning to a five-day workweek in July after being on a shortened workweek since mid-October," said Dave...
...rate. We can retake the lead by supplying clean energy to much of the developing world, and easing their transition to environmentally-friendly economies. To ensure that the treaty would be effective, the investment should mandate emissions cuts in developing nations—cuts that these countries would hopefully accept in return for Western funding of their energy transitions...
...including my own friends. Had one of them sold me out? Who could I trust? It was a path of suspicion that led unexpectedly to myself. I began to understand Rubashov in his cell, in Arthur Koestler's Darkness at Noon, a man driven by his own logic to accept and even defend the judgment of his tormentors. Maybe I deserved it, maybe I had it coming. Not yet accused, I was already guilty. I had convicted myself...