Word: furore
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Dates: during 2000-2009
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...take out at retirement depends on how their investments perform.) Experts remain unconvinced that such moves will solve long-term problems. "That solution is a very slow burn," says Raj Mody of U.K. actuaries Hewitt, Bacon & Woodrow. "All you're doing is addressing past promises." Much of the current furor over U.K. pensions grew out of a recently introduced accounting standard, FRS 17, which requires U.K. firms to disclose their pension-fund assets and liabilities. Some fund managers note that FRS 17 numbers differ from longer-term actuarial calculations, and complain that the annually reported standard is short-sighted; after...
Lesson: it pays to get paid like the boss. What's possible? Despite a recent furor, "loans that might eventually be forgiven are still on the table," says Peter Hillman, a partner at Chadbourne & Parke, a New York City compensation law firm. Likely candidates for loans include sales execs, who may land a sign-on bonus too. Also on the table for V.P.s and up: club memberships, private-school tuition and a relocation deal that puts cash in your pocket...
...military might, even in the face of such unsettling news as North Korea's attempt to assemble nuclear weapons. And the process isn't likely to speed up soon, in part because any dramatic move to create a full-fledged military with significant offensive capabilities would cause a diplomatic furor. Such a move would also require the tacit blessing of China?hardly likely as long as Koizumi continues to indulge in provocations like visiting the Yasukuni Shrine. Further-more, Japan already labors under a government debt that tops 130% of GDP, giving it scant fiscal justification for a military buildup...
...scientists who work on cloning, the stakes are particularly high. The continued furor in this country over non-reproductive cloning stems primarily from a mystical belief in “potential life” held by some bioethicists and abortion-obsessed politicians. The usual line of argument is that human embryos outside of a woman deserve protection as “potential” human beings. An apt analogy would be selling a lump of graphite for the price of a diamond because it has the potential (under extreme heat and pressure) to become a diamond. But by stirring...
...furor over the proposed legislation goes a long way to dispel the myth that Hong Kong people are only worried about their pocket books. However, they have more than adequate reason to be worried about money matters as well. Back in 1997, Donald Tsang, the then financial secretary and now number two in the administration, assured Hong Kongers that the worst of the financial crisis would be over by the end of the year. And that Hong Kong was likely to fare better than other Asian countries caught in the financial whirlwind. Instead, the crisis got a lot worse...