Word: hammed
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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 system...
...long as we're talking about ham-handed measures, we might also want to consider the most ham-handed pay regulation of all - progressive income taxes. It cannot be entirely coincidental that the great explosion in executive and Wall Street pay began about the same time that Washington was slashing taxes on the highest earners. The top federal marginal rate plummeted from 70% in 1980 to 28% in 1988. (It's now 35%.) Some CEOs who are critical of the compensation status quo but who don't want government telling them how to pay people point to taxes...
...without killing the markets. It's a difficult balancing act, as last week's near meltdown in Shanghai shows. Having gone through the crucible of the 1997 Asian financial crisis, China's planners may be up to the task. Still, they need to be reminded now and again that ham-handed or poorly timed policymaking will hurt not only their economy, but also the rest of the world...
Perhaps, you say, it would be better to be a Lindsay, who seems perfectly content spending her days oblivious to complication—going shopping and making hot ham water. But I don’t so much have the clothes or the hair to pull that off. And being married to Tobias could get a little awkies. Or maybe a Lucille or George Sr., who can simply will (or hire a one-armed man to help coerce) what they want done. Seems to work out fairly well for them, but I guess I’m still a little...
...were rehydrated and served in a pouch, allowing them to be eaten with a spoon. The Apollo 8 crew celebrated Christmas Day 1968 by eating thermo-stabilized turkey, gravy and cranberry sauce. Neil Armstrong and Buzz Aldrin became the first men to eat on the moon when they consumed ham-salad sandwiches, rehydratable beverages and "fortified fruit strips" during their lunar excursion. The Apollo 11 astronauts actually ate four meals on the moon's surface; their resulting waste is still in the lunar module they left behind. (See pictures of the Apollo 11 astronauts partying upon their return to Earth...