Word: consensus
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That's the theory. It's pretty optimistic. It assumes that the world agrees on the primacy of human rights over national sovereignty and has the resolve to impose that consensus--another heady assumption--on the wayward few. "I don't know how the U.N. ever passed that resolution," says Anthony Holmes, head of the Africa program at the Council on Foreign Relations in New York City. "Maybe all the delegates had a great champagne reception before they signed, but I suspect that many of the countries that voted for it then would never vote for it again...
...major developing nations like China and Brazil are ready to fall in line. The Kyoto agreement gave developing countries a free pass to keep emitting carbon - a key reason the accord failed in the U.S. Senate - but Copenhagen will be different, because the world is now different. "The scientific consensus is far beyond what it was 10 years ago," said Gore. "This is a planetary emergency." (Read "Raising the Bar on Fighting Climate Change...
Timothy Geithner, you're on your own. If Geithner, who was confirmed as Treasury Secretary late Monday, plans on waiting until a consensus forms on what to do with the second half of the $700 billion bank rescue fund approved by Congress in early October, he may be waiting awhile. Economists, Wall Streeters and industry analysts are split on how best to spend what remains in the Troubled Asset Relief Program (TARP), which has done anything but offer relief...
...being the first person to head both the Commodity Futures Trading Commission and the Financial Industry Regulatory Authority (FINRA), two large non-government industry regulatory bodies, and also a former SEC commissioner under Ronald Reagan. There are no disputes about her leadership qualities or her fine reputation as a consensus builder in the clubby world of financial agencydom. But even her strongest supporters, like Senate finance leader Sen. Charles Schumer of New York wonder aloud if she has what it will take, if she's "willing to take no prisoners...
...Urban Development (HUD) and even bank regulators - for ever more mortgage lending on ever easier terms. Gramm said he arrived in Washington in 1978 convinced as an economist that subsidizing housing and mortgage lending was a bad idea, but was soon won over to Washington's pro-housing consensus. During his 1990 U.S. Senate campaign, he said, polls revealed that 82% of Texas homeowners supported him over his Democratic opponent. After that, "You didn't have to convince me that homeownership was a good thing," he joked. (See pictures of Americans in their homes...