Word: fractionalism
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...Brussels, says it will be difficult to implement efforts to regulate bonuses in the E.U., as rules on working conditions are decided at the national level by individual governments. He adds that although bonuses are a powerful rallying point for E.U. leaders, the payouts represent just a tiny fraction of the global banking losses over the past year and are not to blame for the crisis. "Bankers are exceedingly unpopular, and leaders feel they have to act," he says. "But bonuses are a symptom of the crisis, not a cause...
...Olympics, the difference between a gold medal and not placing can be a fraction of a second. The author, a media consultant, believes that the margin of error for business people is similarly thin in this turbulent economy. Those who would prefer to keep their job--and that would include most of us--can regard the book as a checklist of things you can do to protect your position or get a new one. You may already know many of them, but perhaps it's that one unfamiliar tip that will keep your ass in your Aeron...
...major change to the program came in 1977, when Congress stopped requiring payment for food stamps and distributed them to all recipients for free (the price had steadily decreased over time, until it represented just a fraction of the face value). The move dismayed a number of observers, who had supported the program as a means to help the poor help themselves, not as a direct government handout (the Agriculture Department had insisted on selling food stamps for fear of undermining the dignity of recipients). The policy created a backlash - some middle-class shoppers indignantly complained that food-stamp users...
...President's advisers grasp the urgency of the task. "Would I like Americans to be more skilled?" Summers muses. "Yes. Would I like to be able to increase skill faster than is likely to be possible? Sure. Would I like a larger fraction of good entrepreneurial ideas to happen in the U.S.? Of course. There are millions of people who need work." But Summers need only read his own research to recall that traditional government policies are not going to pull us out of the job trap...
...disclosure report released in August, Harvard had 112 publicly traded equity holdings valued at over $1.4 billion as of June 30. The figures represent a significant increase from the 99 holdings worth $771 million reported three months earlier. The SEC’s 13F report only discloses a small fraction of the University’s total investments—it does not list assets such as foreign stocks, private equity, bonds, and real assets—but suggests that in rebounding from recent market turmoil, Harvard Management Company has been boosting its investments in foreign markets by increasing shares...