Word: curbs
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Dates: during 2000-2009
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Although the industry continues to defend its "risk-based pricing", which it says has made cards more generally available, the voluntary changes from Chase and Citibank (which eliminated its universal default clause in 2007) show a new willingness to curb some of the more controversial practices. "They are kowtowing to political pressure," says Frank Braden, an equity analyst at Standard & Poors. Adds Levin, "They take it very seriously. I think they are very nervous...
...last year over 95 percent of companies recruiting at Harvard’s Office of Careers Services (OCS) were in finance or consulting—despite Harvard’s resistance to vocational courses (this is a liberal arts school, after all). But this policy has done little to curb the trend toward finance: More and more students cross-register with MIT’s accounting program each year, and the numbers speak for themselves. The mass appeal of the business world is evident, but things have gone too far. The mounting pressure to secure a summer job on Wall...
...from 83% to 60%), raised the value-added tax (a levy on goods and services) 8% to 15% and sharply cut public spending. Thatcher's top priority was righting inflation. That was a reversal of traditional British postwar economic policy, which held full employment as the primary objective. To curb price rises, she cut public spending at a time when rising , unemployment and the consequent increase in welfare expenditures would normally push it up. The money supply was throttled and interest rates were allowed to soar, forcing up the value of the pound and making British goods harder to sell...
...rale. Speaking at the Harvard Kennedy School, French Socialist leader Segoléne Royal cited the Kerviel case as an example of why a sort of global regulatory central bank is needed. Royal may be right: Regulation, like good risk management, may help curb moral hazard. But this is just part of the solution...
When it comes to dieting, most of us are willing to resort to a trick or two to help us curb our appetite and eat less - drinking water to fill up when we're hungry, for example, or opting for artificial sweeteners instead of sugar to get the same satisfying sweetness without the offending calories. But new research suggests that the body is not so easily fooled, and that sugar substitutes are no key to weight loss - perhaps helping to explain why, despite a plethora of low-calorie food and drink, Americans are heavier than ever...