Word: functional
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...bank in order to bypass the control system and create his own rogue operation. That revealed a crucial hole in the bank's security, says Mark Thomas, an analyst with Keefe, Bruyette & Woods in London. "The single most important factor [in security] is that the risk-control function is independent of traders," Thomas told TIME on Thursday. "You would typically put extra supervision on that person for a couple of years." Said ABN Amro's Lakhani: "This was management's biggest nightmare...
...signs of slowdown outside the U.S. and Europe are few. India and China are posting astonishing growth numbers, while economies of countries from Africa to Latin America that export raw materials, like oil from Nigeria and copper from Chile, have benefited from high commodity prices--themselves a function of the Asian giants' performance. "The economic bleakness in the West I don't think is matched by economic bleakness in the East," says Kamal Nath, India's Minister of Commerce and Industry. There's so much growth momentum outside the U.S., argues C. Fred Bersten, head of the Peterson Institute...
...signs of slowdown outside the U.S. and Europe are few. India and China are posting astonishing growth numbers, while economies of countries from Africa to Latin America that export raw materials, like oil from Nigeria and copper from Chile, have benefited from high commodity prices - themselves a function of the Asian giants' performance. "The economic bleakness in the West I don't think is matched by economic bleakness in the East," says Kamal Nath, India's Minister of Commerce and Industry. There's so much growth momentum outside the U.S., argues C. Fred Bersten, head of the Peterson Institute...
...demagogues to rail against the nation's capital as if it were a deadly virus implanted on the Potomac by space invaders or the French. But that ended abruptly on Sept. 11, 2001, when Karen Hughes changed pronouns at a White House press conference: "Your Federal Government continues to function effectively...
...happy one. In a series of studies, Kiecolt-Glaser and her husband, immunologist Ronald Glaser, also of the Ohio State University College of Medicine, found that "negative marital interactions," such as arguments, name-calling and nonverbal cues like eye-rolling lead to increases in cortisol and decreases in immune function and even wound-healing. The effects were observed in both sexes, but particularly strongly in women. The eye-rolling studies go even deeper than that, with related research conducted by marital expert John Gottman of the Gottman Institute in Seattle revealing just how sensitive spouses are to such nonverbal signs...