Word: allowables
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Another factor that helped make Canada the new gold standard in banking was Ottawa's decision in the late 1980s to allow commercials banks to acquire investment dealers on Toronto's Bay Street, the country's financial hub. As a result, these institutions are subject to the same strict rules as commercial banks, while U.S. investment dealers are subject to only light supervision from the Securities and Exchange Commission. Morgan Stanley and Goldman Sachs, of course, will now be under the U.S. Federal Reserve's supervision since they have been chartered as bank-holding companies...
DeDominicis notes that there are contracting mechanisms that allow medical institutions to set up renewable energy projects on-site, without capital investment. There are also energy-purchasing programs like Practice Green Health's "virtual marketplace" model, which involves real-time reverse energy auctions on the Web: instead of buyers competing to purchase energy, sellers auction packages that include renewables. That drives down the price and narrows cost margins, and the savings allow for a higher percentage of alternative fuels in the package. For example, Ingalls Health System, a 563-bed hospital with satellite facilities in south suburban Chicago, bought...
...full review of the obsolete Core Curriculum, and the revolutionary Harvard Financial Aid Initiative was conceived. Above all, Summers restored the University’s focus on the undergraduate community, a major shift in culture and policy that continues to benefit undergraduates today. It would be a mistake to allow all that Summers achieved for Harvard to be diminished by his presidency’s comparatively short duration or a few ill-advised remarks he delivered at a single conference.More importantly, it is precisely Summers’s style of intellectual provocation that is needed in Washington today...
...deal with the Palestinians was one of the key factors that prevented Israel from forming a new government after a corruption scandal forced out Prime Minister Ehud Olmert. His putative successor, acting Prime Minister Tzipi Livni, failed to forge a majority coalition after a key prospective partner refused to allow any negotiations over the status of Jerusalem. Even Olmert has acknowledged that no two-state solution is possible without sharing the Holy City, which both sides claim as their capital. So fractured is the Israeli political consensus, however, that it's quite possible that February's election will fail...
...Iran's political establishment over the provocative stances taken by President Mahmoud Ahmadinejad, whose grandstanding, they warn, has weakened Iran's position and raised the danger of confrontation. However, Ahmadinejad faces a tough re-election battle in June, and there have been questions over whether his health will allow him to run for a second term. If he does, he's likely to face a close fight from a united front of pragmatic conservatives, like current parliamentary speaker and former nuclear negotiator Ali Larijani and former President Ali Akbar Hashemi Rafsanjani, and reformists like former President Mohammed Khatami. And just...