Word: governmentã
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...ultimate goal: making money. These objections to oversight, however, ignore the potential damage that unregulated investing and high-risk betting can wreak. Unchecked hedge funds, unregulated derivatives traders, exotic trades, and obscure credit-default swaps all pose threats to the wider stability of the U.S. economy. Additionally, the government??s current inability to safely unwind financial institutions that pose systemic risk presents a gaping hole in federal resolution authority. Unfortunately, behaviors at hedge funds and on trading floors that pose substantial risk to all Americans have for too long been allowed to proliferate outside of the government?...
Harvard Law School Dean Elena Kagan was confirmed as the nation’s first female Solicitor General yesterday after the United States Senate voted 61-31 in favor of her nomination. Kagan’s nomination as Solicitor General, the federal government??s representative before the Supreme Court, was initially met with enthusiasm by Senators on both sides of the political aisle, but yesterday’s vote brought unexpected Republican opposition. Much of Kagan’s bi-partisan support evaporated in recent months after a spat with Sen. Arlen Specter over her unwillingness to answer...
National Free Applications for Federal Student Aid are at three million for the 2009-2010 school year, an increase of 20 percent over the same processing period last year, according to a release by the National Association of Student Financial Aid Administrators on Friday. The government??s direct student loan program is also up by $7 billion this academic year, according to NAFSAA. The increase in applications for financial aid at Harvard maps with the national increase in FAFSA applications. This year, the number of financial aid applicants increased from 73 to 78 percent of the undergraduate population...
...Southern Italy’s infamous underworld. Fittingly, the film’s origins are not without controversy: Roberto Saviano, the author of the original novel “Gomorra,” had a contract put on his head by the Camorra and currently lives under the Italian government??s police protection.Garrone takes us inside five fictionalized stories of ordinary people whose lives and professions are attached to the city’s far-reaching organized crime problems. There’s Totò, the boy who hides a gun and bag of drugs during a police...
...Education spending, another type of government subsidy, will also get a delayed tune-up under the budget proposal. In addition to spending more on education, Obama’s budget proposes to make student loans available directly from the federal government??rather than government-sponsored private intermediaries. Considering the scandal that has riddled this $85-billion-a-year industry, it makes sense for an uninterested lender like the federal government to help out college students...