Word: ham-handedness
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Would this intervention be flawlessly executed? Of course not. But if ham-handed pay rules drive risky, highly rewarded activities out of big banks and into smaller firms - if big banks become boring again - that might not be all bad, since smaller firms presumably pose less risk to the financial...
The challenge for China is to keep wasteful spending at tolerable levels, to eventually exit the stimulus program without stalling economic recovery, and to tighten monetary policy sooner rather than later to avert runaway asset bubbles - but without killing the markets. It's a difficult balancing act, as last week...
Maybe not. But it does need foreign aid, and booting a mid-level U.S. embassy messenger out of your country isn't the best way to cultivate it. Either way, this is the kind of atmosphere Obama will fly into in April when he attends his first regional summit, the...
When George H.W. Bush was at Andover, his roommate was the nephew of a man with the curious name of George de Mohrenschildt; in later years, Bush and De Mohrenschildt fraternized in Dallas. In 1962, De Mohrenschildt also befriended a troubled young man named Lee Harvey Oswald. It's just...
The 263 pages of the report show a co-ordinated application of pressure on Monegan so transparent and ham-handed that it was almost certain to end in public embarrassment for the governor. The only surprise is that Troopergate is national news, not just a sorry piece of political gristle...