Word: allowable
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Dates: during 2000-2009
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...always collected from investors who used the ratings. Yet, as many firms argue—both in 1968 and in recent months, when the model has again been proposed as a viable solution—relying solely on a subscription service does not bring in enough revenue to allow rating agencies to innovate and keep up with increasingly complex financial products. Other officials have focused on fixing the mechanics of this structure. New York Attorney General Andrew Cuomo, for example, announced an agreement with rating agencies in June in which issuers simply pay for rating agencies to review the securities...
...very compelling options before me,” said Steinbrueck. “I’m committed to political change in the long term. Harvard would allow me to explore the world of ideas and participate in the exchange of ideas...I’ve just decided to pursue my passion in a more focused...
While planning to keep his focus somewhat open-ended to allow for inspiration and influence from the Harvard community, Steinbrueck plans to learn about developing and advancing United States urban policy around global sustainability...
...Moscow's announcement will lead to the withdrawal of about 20,000 federal troops. But declaring "victory" in Chechnya also adds to the sense that Kadyrov has become the tail that wags the Russian dog. He has been lobbying for a pullout for months and experts say it will allow him to strengthen his already firm grip. "He has built a state within a state," says Doukaev. "The Kadyrov government is a problem for Moscow. They have no control over him. This decision gives him a free rein to operate...
...already controls his own private army and imposes some of his own laws and taxes. Now Kadyrov is also expected to get his longstanding wish of international status for Grozny's airport, and therefore a full-scale customs operation. This will not only attract investment, but also, experts say, allow Kadyrov to export and import capital and travel as he pleases, giving him more independence from Moscow. "Ramzan [Kadyrov] knows he can make a lot of money with Chechnya as part of Russia," says Malashenko. "But he wants it to be special, like a foreign country within Russia's borders...