Word: current
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...party of “no.” If the Democrats emerge from the 2010 midterm elections battered but holding on to their majority, such a change would be highly implausible. (It would be extremely difficult to muster a simple majority for the change even in the current Congress.) If the election results are non-disastrous to the point of showing the tide turning in the Democrats’ direction, but (as is inevitable) the election still reduces their already inadequate majority, then they could try to strike a deal with Republicans to change the rules, using the nuclear...
...CFPA would actually weaken consumer protection. Nobody is defending the recent performance of the Federal Reserve, the Office of the Comptroller of the Currency (OCC) or any of the other financial agencies with current consumer-protection duties. But that doesn't necessarily mean those duties should be transferred to a brand-new bureaucracy. As JPMorgan Chase CEO Jamie Dimon has been asking privately: If my legal department screws up, do I create a new legal department? Some bank lobbyists argue that consolidating all consumer protection in just one new agency would be like leaving just one rookie cop patrolling...
...this time to expose what Democrats perceive as the plan's many warts. Among the elements of his proposal, Ryan wants to privatize Social Security by establishing opt-in individual accounts funded partly by payroll taxes. He also wants to raise the eligibility age for Medicare benefits for Americans currently under 55 and scrap the current system for one in which vouchers would be used to purchase private insurance. While the Congressional Budget Office upheld Ryan's contention that the plan would ultimately bring the ballooning federal deficit under control - escalating health care costs would outpace the value...
...skewered the proposal as the centerpiece of a Republican "economic agenda that hasn't changed one iota in response to the economic failures of the Bush years." The Washington Post's Ezra Klein, who praised aspects of the proposal for its candor, called it a "radical document that takes current policy and rolls a live grenade underneath...
...year 2009 was a cruel one for Indian art. Inflated prices came crashing down and veteran galleries shut up shop as the recession finally bit. In Mumbai, however, two new galleries have responded by emphasizing informality and accessibility - qualities calibrated to the current climate and a refreshing change in the sometimes stuffy Indian art scene...