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Last July, the Securities and Exchange Commission (SEC) put out a report detailing how the major credit-ratings agencies abetted the subprime-mortgage meltdown. By wildly overestimating the quality of the dicey securities that Wall Street was churning out, the ratings firms helped investors load up on those securities - the...
Healing a National Wound Senator Patrick Leahy's advocacy for a truth commission, charged with uncovering facts about alleged torture and civil-liberties abuses by the Bush Administration, is warranted [March 2]. Despite all that is right about our country, it is painfully clear that we tend to set aside...
The vintners' indignation is directed at European Commission plans to simplify the process of making rosé wine. According to strict French law, rosé winemaking is a complex operation: black grapes are crushed and the skins, pips and pulp left to macerate with the juice for a few hours...
The planned E.U. reforms are part of a wider overhaul that aims to drain the surplus production in Europe's so-called wine lake and slash some of the E.U.'s $1.8 billion annual subsidies paid to the industry. Commission officials say the new rules could help European wines compete...
The Commission insists that the proposed rules would not force winemakers to go down the blending route. Any producers who want to stick with the traditional methods can do so. But French winemakers fret that the rules will bring the entire sector down to the lowest common denominator. Their complaints...