Word: drafts
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...crucially important event for the future of the global economy when it was first called just four months ago, it's now clear that this meeting is likely to be anticlimactic at best and, at worst, a dangerous failure. Clever civil servants are already working on a draft final communiqué that will suggest great progress has been made. A skeptical and worried world is unlikely to believe...
...endowment would require taking out an unusually large chunk of the endowment, calculated to be over 6 percent, the highest rate in over 20 years. Due to economic uncertainty, the Corporation had elected not to determine an endowment payout rate last fall, leaving administrators at the various schools to draft budget proposals under several endowment payout scenarios. Preliminary budgets were due this month, and Harvard deans were notified today of the 8 percent payout decline, Shore said. Because the schools had already budgeted for multiple scenarios, Shore said that the announcement would only require a “re-examination...
...although the President defends his broad agenda, he understands how much is riding on the gradual rollout of version 2.0 of his bank plan - not necessarily bigger than the $787 billion package that left the markets cold, but sharper and more plausible. The trouble with the initial draft unveiled unartfully last month by Treasury Secretary Tim Geithner, says Moody's Economy.com chief economist Mark Zandi, was that it was "too clever by half," creating elaborate incentives for private investors when the simple solution would be to have Uncle Sam immediately wade in, grab control, wring out the bad debt...
...Senate moves come as three House committees - Ways & Means, Energy & Commerce and Education & Labor - sent a letter to President Obama on Wednesday announcing their intention to work together to draft legislation. The cooperation among committees in both chambers is a break from the 1994 attempt at health-care reform, when committee infighting helped sink that effort. Both chambers have said they intend to see legislation reach the floor before the August recess, though many admit the tougher part will come when the differences between the two versions must be reconciled. "The House bill will be the high-water mark...
...draft law, currently being debated in the parliament, would create a new Internet surveillance system to combat online piracy - one that critics call a Big Brother-like attempt to police people's Web activity. Introduced by Sarkozy's Culture Minister, Christine Albanel, the bill seeks to enlist Internet service providers (ISPs), entertainment-industry organizations and French legal authorities in an effort to identify and dissuade illegal downloading of copyrighted music and video. A monitoring agency would send Web users who illegally download media a cease and desist notice. Should two warnings go unheeded, ISPs would be forced...