Word: broading
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...extraordinary request that the Treasury be given plenary powers over the fate of a broad spectrum of financial firms would put it in a position where it could be judge, jury, and executioner in a case like...
...code to penalize a specific subset of people and would be contrary to good public policy. "Well, I think that - as a general proposition, you don't want to be passing laws that are just targeting a handful of individuals. You want to pass laws that have some broad applicability. And as a general proposition, I think you certainly don't want to use the tax code to punish people." He later went on to say, "Main Street has to understand, unless we get these banks moving again, then we can't get this economy to recover...
...remind folks, as New York Times columnist David Brooks put it, to focus their attention on the ravenous "tiger ... lunging at your neck" - i.e., the tanking world economy - instead of the "dust bunnies under the bed," the AIG bonuses. Geithner employed this tactic Tuesday: "AIG highlights very broad failures of our financial system," Geithner told the House panel Tuesday. "Our regulatory system was not equipped to prevent the buildup of dangerous levels of risks. Compensation practice rewarded short-term profits over long-term financial stability, overwhelming the checks and balances in the system." (See the best business deals...
...actual benefits of the Treasury's new program that will fund the purchase of toxic assets from banks using federal money, and then allowing private money managers to purchase and trade this paper. There has only been speculation about the outcome, and that has been over a broad range. Prominent economists, led by James Galbraith and Paul Krugman, have said that the plan may actually do more harm than good. In the Treasury's corner, Pimco, the largest fixed income management firm in the U.S., endorsed the Administration's plan. "This is perhaps the first win/win/win policy...
While painting India's potential with broad rhetorical strokes, Nilekani achieves an impressive breadth nonetheless. He sketches an overwhelming list of sociocultural hurdles from the political legacy of Nehru-era socialism to education, the deeply entrenched caste system, and urbanization. But his reliance on platitudes and wide-eyed optimism is cogent only to a point: the hows are lost in the dust of repetitive hopeful declarations ("a different type of moment seems to be upon...