Word: banke
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Dates: during 2000-2009
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...National Parks seems unlikely to cause an outcry. Parks are not as costly as a bank bailout or as angst-inducing as health care, and who wants to be the one to throw a spitball at Old Faithful? The documentary cannily stops at 1980, avoiding the Ronald Reagan - James Watt era as well as today's drill-here, drill-now controversies. It helps too that one of the parks' most vigorous progressive advocates was a Republican - President Teddy Roosevelt. See pictures of the Roosevelt Cartoons...
...rare move, a federal judge threw out a proposed $33 million settlement between the Securities and Exchange Commission and Bank of America stemming from the company's January takeover of Merrill Lynch. The SEC had sued the bank over $3.6 billion in undisclosed bonuses paid to Merrill staff before the deal. Judge Jed Rakoff accused bankers and regulators of having a "cynical relationship" that penalizes shareholders rather than bank executives...
...Consider the financial reforms that Obama's Administration wants to push through Congress: the big ones are creating a Consumer Financial Protection Agency, giving the Federal Reserve the job of systemic-risk regulator and establishing a "resolution regime" to wind down troubled nonbank financial institutions (like Lehman) and complex bank holding companies. Steps in the right direction? Probably. Truly major reforms? Not so much--and even they may not win congressional approval...
When implementing recent budget cut decisions, the administration has appeared somewhat closed to outside influence. Thankfully, there may be a remedy to this glaring problem. FAS has now launched an online Idea Bank inviting students, faculty members, and the community to submit their budget cut ideas and rate those of others. Administrators have already successfully halved the FAS deficit, bringing it down to a more manageable $110 million from the original figure of $220 million. Now they are asking the broader Harvard community to have a role in coming up with possible additional cuts...
...students and the community to take this opportunity to voice their opinion and be a part of the budget cut process. Many were quick to criticize the University on the lack of transparency in their decision-making process when it announced its first round of cuts. The Idea Bank is a great opportunity to remedy this. The site makes it very easy for users to contribute, as it is well-designed and simple to use. Ideas can be posted anonymously, and viewers can then rate each idea on a 1-to-5 star scale. Users can even comment on posted...