Word: effectively
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Finally, and perhaps most importantly, Congress needs to take a hard look at how these banks are structured and the purpose they serve in today’s economy. As Roger Lowenstein wrote in a recent article, banks today make an overwhelming percentage of their profits from trading, in effect making them giant hedge funds-in-disguise that pose a stability risk to the market while also performing some banking operations. The Volcker rule, which would ban banks from engaging in proprietary trading, would change technical classifications that are easy to work around, as investment banks could shift risks...
...last year’s Yardfest, electronic group Ratatat followed singer-songwriter Sara Bareilles, who provided more of a “daytime feel,” Anastos said, adding that Park was paired with Cudi to produce a similar effect...
...health and spaceflight in the International Journal of Impotence Research, which reports that about 80% of the American female astronauts who came to NASA were not mothers. The report, which considers both genders, finds no evidence that short-duration spaceflight - missions of up to nine days - "has an adverse effect on the ability of astronauts to conceive and bear healthy children to term." Though the study notes that the effects on the reproductive system of long-duration flights and the high-energy particle radiation found in space are not well known, some medical specialists hold that it's actually male...
...carbon tax had been plagued with troubles from the start - including the near refusal by rightist legislators to pass it until the Elysée whipped them into line in November 2009. A month later - just days before it was set to take effect - France's Constitutional Council struck the law down because it unlawfully applied measures to consumers while exempting French companies, by far the biggest carbon emitters. Sarkozy pledged to widen the measure to include businesses. But that only mobilized France's employers' lobby. With the voters finally having had their say, Sarkozy has decided to shelve...
...effect of this spat has been to push the euro to a four-week low against the dollar as investors fret over the uncertain prospect of support for Greece. The euro closed on Tuesday at $1.35, down from a high of $1.51 in November. "The leaders are hardening positions but not for a clearly thought-out purpose," says Fredrik Erixon, director of the Brussels-based European Centre for International Political Economy. "It looks more like a chicken farm than anything else...