Word: favor
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Dates: during 2000-2009
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...growing number of regulators seem to think some relaxation of the rules may make sense. The top U.S. banking supervisor, Comptroller of the Currency John Dugan, tells TIME he is in favor of letting the banks mark back up the value of some of their toxic assets. "I think there are some changes that ought to be made," Dugan says. Mark-to-market accounting is a problem, he says, for illiquid assets because "those things have just stopped trading altogether." Dugan does not support doing away with mark-to-market entirely; not even industry lobbyists want that. But his deputy...
...Others seem to be coming around to the banking industry's position. On Tuesday, Federal Reserve Chairman Ben Bernanke said he would support changes in pricing illiquid assets. Also this week, investor Warren Buffett said in a CNBC interview that he would favor suspending the mark-to-market rules. Even the Securities and Exchange Commission (SEC), which has long backed these rules, recently asked the Financial Accounting Standards Board (FASB), a private group based in Norwalk, Conn., that sets accounting rules in the U.S., to look into the matter. FASB spokesman Neal McGarity says his organization is doing that...
Harvard is still in the process of phasing out its own biology and biochemical sciences concentrations, which the Faculty voted to eliminate in favor of six more specialized fields in the spring...
...Although conditions have improved drastically since the Kosovo War in 1998-9, it is clear that the stabilizing force of EU membership is the only way to normalize relations between the two countries. The EU must immediately take a strong stand in favor of admitting the Balkan nations, including eventually Serbia and Kosovo, if the scars from centuries of ethnic and political conflict in the region are ever to be healed...
...Jerusalem,” this track addresses the heavy subject of Middle Eastern politics. But unlike that uplifting peace anthem, this seems a forlorn meditation, full of loss rather than hope. Melancholy pervades the album’s love songs as well. Sexiness and whimsy have faded in favor of mournful strains and cooing. On “Education” Mirah sounds more jaded, and a little less fun than in the past. On “The River” she sings, “tears so thick like glue they drip and build castles slow...