Word: demande
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...that entrepreneurs are not risking their entire financial viability in any one venture. In practice there can be multiple incorporations in a single deal. But critics say that the original intent of incorporation has been corrupted in the last 20 years as the conveniences offered by offshore tax havens - demand turbocharged by a boom in financial engineering - has degenerated into a race to the bottom to sell secrecy. (See 25 people to blame for the financial crisis...
...halt these abuses Democratic Senator Carl Levin has reintroduced a bill he co-sponsored last year, with then Senator Barack Obama, that makes a seemingly simple new demand - that states add a single additional question to their incorporation application: Who are the beneficial owners? (Foreigners would also have to provide a copy of a passport-page photo.) The intent is to introduce the same standard - know thy customer - banks have had for years...
...expected to teach more classes to soften the blow from lost courses, like the Economics Department’s junior seminars, until faculty levels return to normal. Professors are the best resources that undergraduates have, and as long as we still have enough faculty-taught courses to meet demand, undergraduates will leave Harvard with an incredible education...
...former public servant, Sir John Chilcot, the inquiry has been marked by polite probing rather than electrifying cut and thrust. Yet for all the lack of drama to date, seats for the appearance of former Prime Minister Tony Blair, expected to take place Jan. 29, are in such demand that a ballot for them has had to be organized...
...nation's Gross Domestic Product (GDP) has gone up - indeed, it grew at a surprising 5.7% rate in the 4th quarter - seeming to confirm what we've been hearing: the recession is officially over. But wait - foreclosure and unemployment rates remain high, and food banks are seeing record demand. Could it be that the GDP, that gold standard of economic data, might not be the best way to gauge a nation's relative prosperity...