Word: hardness
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Gates' emphasis on accountability seems to be seeping throughout the U.S. military. While hard numbers are difficult to come by, there's a growing sense - and mounting anecdotal evidence - that missteps once overlooked are now grounds for disciplinary action...
...Financial reform is complex, and it's hard for nonexperts to follow which proposals for a derivatives clearinghouse or systemic risk council have teeth and which are sops to the industry. One political attraction of the CFPA is its simplicity: you're for it or against it. After sketchy subprime mortgages helped crater financial markets, even laissez-faire ideologues like Alan Greenspan called for stronger regulations to curb abuses and stabilize the system. And given the well-documented outrages pervading the industry these days - exorbitant overdraft fees, late fees, nuisance fees and balloon payments buried in opaque legalese, slimy yield...
...afford, and it's not clear whether an agency devoted to helping consumers would have pushed for stricter scrutiny of their credit histories, higher requirements for their down payments and other borrowing restrictions that might have helped save them from their own bad instincts. In any case, it's hard to imagine how the subprime crisis would have metastasized into a financial collapse if banks hadn't been so big, interconnected, complex and overleveraged - problems that had little to do with consumer protection. (See 25 people who mattered...
Gallery BMB, gallerybmb.com, partly owned by Indian artist Bose Krishnamachari, is set on a leafy street in the busy Fort area. It boasts an airy café and a store retailing hard-to-find art books because, spokeswoman Kanchi Mehta says, "We wanted to start a cultural institution where people come to hang out, eat and talk, not just look at the art and leave." Items on display aren't limited to fine art. The current show, "Her Work Is Never Done," runs until March 20 (and again from March 26 to April 17) and features hats from milliner Shilpa...
Since its birth in 1979, the IRGC has been the hardest of the hard core of Ayatullah Khomeini's Islamic revolution. It thrives in confrontation with the U.S. and Israel, and does even better when Iran is at war. The IRGC looks at the 1982-2000 war in Lebanon as its most glorious moment, when its proxy Hizballah forced the West and Israel out of Lebanon. It left Hizballah with the enviable reputation of being the only force in the Middle East to have beaten both the West and Israel. Not to mention that Hizballah is now the de facto...