Word: besting
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What is the best approach, if there is one, for resolving the "too big to fail" issue? -Lawrence Lin, Taipei If I could boil it down to one recommendation, it is that we need strong resolution authority so that any failing institution can be liquidated in a way that does not damage the financial system overall. Then taxpayers will never again have to come in and provide a bailout...
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Historian Howard Zinn's remarkable work, including his most famous book, A People's History of the United States, is summarized best in his own words. His primary concern, he once explained, was "the countless small actions of unknown people" that lie at the roots of the great moments of history--a record that would be profoundly misleading, and seriously disempowering, if torn from such roots. Howard, who died Jan. 27 at 87, was devoted to the empowerment of these unknowns...
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