Word: accepter
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...financial institutions. Moss suggests that New Deal regulations were effective, but that their success created complacency. “Many took for granted the remarkable stability that had been achieved,” he said in an interview. “From there, it was easy to accept the philosophy that we didn’t need regulation. But the truth is that regulation was needed, and we should have thought hard about how to update our regulatory system as the financial markets evolved.” To address these concerns, Moss’ report proposes that a government agency...
...Implementation is the most difficult part of this proposal. While many financial institutions would immediately discount the plan, ultimately persuading them to accept it is not unreasonable. It is true that for those institutions that hold physical mortgages, their maximum potential profit will go down. For a 30% decrease in principal, the math works out to some $3 trillion potentially lost on residential mortgages as of mid-2008, according to the Federal Reserve. But if Americans keep defaulting on these mortgages and asset values continue to crash, the total loss to the financial world will be far greater than...
...reasons I accept but will never fully understand, hundreds of millions of people would rather be entertained by the Oscars than by this column. So I felt vindicated when I got an e-mail three weeks ago from John Palermo, the producing partner of this year's host, Hugh Jackman, saying he liked my work and wanted me to write for the Academy Awards. I wasn't exactly sure how the Academy expected me to craft an opening in which Jackman quickly segued into talking about me and my sophomoric sexual obsessions, but I was up for the challenge...
...black schools, Savannah included, have their problems. Nationwide, 41% of black students graduate from college within six years (for white students, the figure is 59%). The rate is lower at the majority of HBCUs, which often accept low-performing students who may not have been given a chance elsewhere. At Savannah State, the figure hovers around 35%. A bigger problem is money: HBCUs are chronically underfunded, and Savannah State--with an endowment of just $3.4 million, compared with Armstrong's $7.9 million--is no exception. Harp expects the merger to help close that gap, an aspect of the plan that...
...compromise stimulus measure, Susan Collins had all but given up. But early on the evening of Feb. 6, Senate majority leader Harry Reid invited her to his office. "I debated whether it was worth going," Collins recalls. "I figured they were just going to put pressure on us to accept their previous offer," which didn't shrink the spending in the package as much as she had demanded. When she got there, however, she was surprised to discover White House chief of staff Rahm Emanuel, who had come to make a deal. "It was as if all of a sudden...