Word: arens
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Dates: during 2000-2009
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Other criticisms of the current climate have focused on debt, bemoaning that gargantuan loans for law school aren't exactly easy to defray. According to the American Bar Association, the average law-school student who graduates this year will do so with a little more than $73,000 in debt. Larry Kramer, dean of Stanford Law School in Palo Alto, Calif., acknowledges there's a problem. "Something about the way the system works has to give," he says. "If you're going to defer someone for a year, there really needs to be a certain degree of loan forgiveness...
There are several reasons for all this caution among economists. One is that the numbers aren't all that positive, and a few good days could easily give way to a disappointing run. Also, there's a lot of noise in the data, and seeming turning points are sometimes just the product of flawed measurement and random chance. (See the 25 people to blame for the financial crisis...
...value of doing this is it would clarify which banks are and which banks aren't undercapitalized," says Harvard Law professor Lucian Bebchuk, whose September proposal for toxic-asset purchases by competing investors seems to have provided a template for Treasury's plan. "It's reasonable to expect that restarting the market for troubled assets will lead us to discover that some banks are in a healthy position and will make it absolutely clear that some banks are in an unacceptable position...
...nations in addressing the credit crisis, Obama also applied some pointed pressure on major economic powers, including nations in Europe and Asia, that have yet to commit to sizable stimulus programs. "We don't want a situation in which some countries are making extraordinary efforts and other countries aren't, with the hope that somehow the countries that are making those steps lift everybody up," he said...
...preliminary and do not necessarily suggest a direct or definitive causal link between anesthesia and learning disabilities, only an association. "We clearly have not demonstrated that anesthetics are the cause of learning disability," says Wilder. "We don't want this to alarm the public to the point they aren't giving children appropriate medical care." It could be dangerous to deny children surgery to spare them the anesthesia, Wilder says, since in most cases of pediatric surgery, the procedure is a necessary and potentially lifesaving one that cannot be avoided or postponed...