Word: banking
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...government is going to have to come to grips with the fact that banks have to pay the best bankers even if the idea is unpopular. There is nothing new in this argument, but it is extremely urgent that it be resolved. The results of bank "stress tests" are about to come out and some firms will be asked to raise capital. One of the banks' key arguments for keeping new investment to a minimum is that they have some divisions that are highly profitable and will contribute to earnings to help offset losses. Once the government takes away...
...economic issues with a group of U.S. senators, gave suggestions for U.S. recovery to a packed room of students, academics, and professionals at the Kennedy School yesterday. Dinkic said the United States has struggled so far because it has neither allowed failing financial institutions to fall nor given rescued banks enough money to jump start lending. Dinkic pointed to his own experience as governor of Serbia’s Central Bank, where he said he allowed four major banks to fold in one day in 2002 because the Serbian people had no confidence in them. Still, Dinkic expressed support...
...Career Advancement has stepped up its efforts to promote public service, according to Hessler, the Office’s director. Since last fall, it has brought in more career discussion panels and career fairs related to public service. Hessler says it has strengthened its connections with the World Bank, the United Nations, the U.S. government, and public sector consulting firms.Students have established a fall and spring “Day of Service” each semester, a day of volunteering in which Ellwood and some faculty have participated. And the Student Public Service Collaborative is pushing for more financial...
...ailing, Depression-weary nation needed in 1933. After delivering one of the most famous Inaugural speeches in presidential history - does the phrase "The only thing we have to fear is fear itself" sound familiar? - Roosevelt had been in office barely 24 hours when he declared a four-day bank holiday and drafted the Emergency Banking Act, which helped calm a financial panic that was quickly spiraling out of control. By the time he hit the 100-day mark, Roosevelt had instituted the "fireside chat" tradition, called Congress into a three-month-long special session and passed 15 pieces of major...
Rotten economy? Not if you're in the business of radically overhauling American government. Between the Obama Administration and Congress, the assembly line for Big Ideas is running triple shifts, cranking out stimulus plans, bank-rescue plans, foreclosure-prevention plans, health-care-reform plans, alternative-energy plans, auto-industry-reorganization plans, climate-protection plans, Afghanistan-war plans, Pentagon-spending plans - and that's just the first 100 days...