Word: allowances
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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...
...After spending a decade on Seattle’s City Council, this fellowship will allow him to bring his experience with the realities of political process to bear on his passion for sustainability on a much larger scale,” said Susanna Williams, who was the creator of Steinbrueck’s Facebook fan group. “In return, he will share his insights and perspective with Seattle, helping us grow in more sustainable directions...
...Federal District Judge John Bates that three detainees - two Yemenis and a Tunisian - who are being held at Bagram Air Force Base in Afghanistan have a legal right to challenge their imprisonment. If successful, the argument by Obama's Justice Department attorneys could create a loophole that would allow Obama to transfer prisoners to war zones for indefinite detention, a situation similar to the legal limbo that Bush established for Guantánamo...