Word: generalizing
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...time when the U.S. and Canada are pouring tens of billions of dollars into General Motors Corp. to give the bankrupt automaker a new lease on life, why is Mexico flying under the radar...
...Rolling Stone] article makes a very compelling case against Goldman Sachs, but I think the problems it identifies are pervasive in financial firms and corporate America in general," says Nell Minow, who is the co-founder of the Corporate Library, a research firm that tracks corporate-governance issues. "We need to launch substantive financial reform rather than weighing the faults of one firm versus another." Minow's point is this: spend too much time on Goldman and you miss the fact of how broadly the financial system and the regulations that are supposed to keep profiteers in check failed...
...Nations to settle the matter of who orchestrated the assassination. On Wednesday, a U.N. fact-finding commission launched its inquiry into Bhutto's assassination. A three-person team, headed by Chile's ambassador to the U.N., is due to arrive in Islamabad later this month, and report to Secretary General Ban Ki-Moon within six months. Its report will then be shared with the Pakistan government. Opposition politicians and a broad range of critics in Pakistan, however, have questioned the purpose and timing of the U.N. probe. (See a TIME video with Ban Ki-Moon...
...rates mandated by Proposition 13, but require commercial property to be assessed at market value. To relieve the logjam in California politics, momentum is growing for an open primary system, in which the two top vote getters in the primary, regardless of party, would face each other in the general election. Proponents believe it would loosen the grip of partisan ideologies and make it easier of moderates to win elections. In addition, a redistricting reform won narrow approval last November and proponents of good government keep trying to lengthen the state's term limits on legislators...
...nuclear program while the bad cop, the U.S., rasped that Tehran was part of an "axis of evil." But the European Union's moderating stance has done it few favors in the wake of last month's disputed Iranian elections. On Wednesday, Iran's military chief of staff, Major General Hassan Firouz-Abadi, accused the E.U. of "interference in the postelection riots." He said that, as a result, the E.U. had "lost its qualification" to hold talks on Iran's controversial nuclear program, and he demanded an apology for its "huge mistakes...