Word: getful
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...committee last month with, yes, zero Republican votes; even though Big Finance is blasting boatloads of money around Washington to block reform. It's at least plausible, as I've written, that if President Obama succeeds at framing reform as a stark banks-vs.-people choice, and enough Republicans get nervous about the political price they might pay for siding with Wall Street, a deal could be cut to get the issue out of the news before November. And the most recent behavior of Republicans - their hopeful rhetoric about reform, their sudden openness to concessions on the consumer financial-protection...
Start with the calendar. Financial reform still needs to get through the full Senate. Then the House and Senate would have to work out a compromise bill, which would have to get through the House and Senate again, which would mean ample opportunities for filibusters and other delays. And the window for bipartisan cooperation - never a particularly large window - gets smaller every day. "Time is not the friend of reform," an Administration official told me in January. "This won't get done after everyone goes home to campaign in August...
...party's intransigence, but he also told me many provisions in the House bill were "crazy left," and said Obama's proposal for a modest tax on big banks reminded him of Venezuela. Really, it's hard to imagine many Republicans saying yes unless they thought they'd get hammered for saying no. (See pictures of Republican memorabilia...
...point is that reform won't pass unless every one of those issues gets resolved in the Senate, and then re-resolved to get through the House and Senate again. It could happen. But don't be surprised if in a few months you see Gregg shaking his head sadly: If only the Democrats weren't so intransigent about proprietary trading, or 15-1 leverage restrictions or something else you've never thought about, we could've had a deal. And don't be surprised if the Beltway consensus then concludes that failure was inevitable...
Researchers say they've found a way to keep more newborns alive in the poorest corners of eastern India: Get their mothers talking. A report published in The Lancet medical journal last month suggests that gathering women together for monthly chats on sound pregnancy practices and reproductive health may drastically cut neonatal mortality rates in rural communities. "Too many people in the health community think that health is about delivering little magic bullets to passive poor people," says Anthony Costello of University College London's Institute of Child Health, which spearheaded the project. "What that doesn...