Word: actes
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Then there's the 1933 Glass-Steagall Act, which separated commercial banking from other financial endeavors. By the time Congress repealed the law in 1999, it seemed utterly out of step with the times, but now many economists are wondering if there is something to the idea of separating risky financial activities from essential ones. Or we could tax financial transactions, a policy suggested as far back as 1929 by Virginia Senator Carter Glass (he of the Glass-Steagall Act) and now identified most closely with the late Yale economist James Tobin. In the 1970s, Tobin proposed...
...eleventh hour. Current Vice President Jusuf Kalla has also voiced concern over voter fraud. It remains to be seen, however, how much effect these complaints will have given that the elections are run by the General Elections Commission, an independent body known as the KPU. "This is an act of desperation," says Bara Hasibuan, a member of the Yudhoyono campaign team. "They should be asking the KPU and not pointing fingers at us. If the claims are true, we could lose votes just as easily as them...
...family business (running North Korea into the ground), Kim Jong Il still has a fondness for a decent Fourth of July fireworks show. Pyongyang shot at least seven short-range SCUD missiles in the direction of the Sea of Japan on Saturday morning, in what some analysts termed an act of "defiance" against the United States and its allies in east Asia. But the SCUDS, fired from the eastern coast of North Korea, have limited range, and fell harmlessly into the sea less than 300 miles (480 kilometers) from where they were launched. The exercise drew perfunctory condemnations from...
...reached 10 years ago. "Gross overspending and fiscal irresponsibility will not be tolerated by the people of California," says Senate Republican Leader Dennis Hollingsworth. Liberals, however, see this as an attack by the right on the public infrastructure that helped make California an economic giant, and an act of war against the poor and minority populations in particular...
...Swedish Prime Minister Fredrik Reinfeldt - whose country has just taken over the E.U.'s six-month presidency - has acknowledged that the 27-nation bloc has a delicate balancing act to perform. He told reporters on Wednesday that the E.U. should show support for calls for reform from the people of Iran but "must not polarize Iran from the rest of the world so that we are made an excuse for the use of violence and oppression inside Iran." (See the top 10 Ahmadinejad-isms...