Word: hazard
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Dates: during 2000-2009
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...Moral hazard n.-- The idea that people may take more risks when they know there's a safety net in place...
...into some sensitive areas. Sunstein has written in support of what some people call the "senior death discount," the statistical practice of taking into account years of life expectancy when evaluating a regulation. By that measure, for example, it would be harder to justify spending to correct an environmental hazard that posed more of a threat to the elderly than one that was more dangerous to children, who have many more years ahead of them...
Those attempts to avoid moral hazard, though, might make the plan less effective in stemming the tide of foreclosures. "This goes a long way but not far enough," says Bruce Marks, who runs the Neighborhood Assistance Corporation of America, a nonprofit that works with servicers to restructure loans. After five years, the interest rate on modified loans can rise again, up to the industry average when the change is made, even if that pushes borrowers above the 38% payment-to-income ratio. The plan encourages but does not require servicers to make adjustments to principal balance - the generally acknowledged best...
...very positive and healthy,” he said. However, Sununu and the panel’s other conservative, Rep. Jeb Hensarling, a Republican from Texas, objected to the paper’s conclusions. In a dissent to the report, they argued that guaranteeing insurance creates moral hazard and reduces innovation. “Instead of creating new regulatory hurdles, a superior approach to better protect consumers and preserve wealth-creating opportunities is to enhance and reinforce [existing] wise regulation,” they wrote. Regardless of partisan opinions, some scholars said they believe that portions of Moss?...
...mistakes, Obama and his advisers are making their own. Thinking government must spend something—anything—to boost the economy, Democrats scraped the pork barrel for ideas: $650 million for digital TV converter box coupons, $150 million for Smithsonian museum facilities, $100 million for reducing the hazard of lead-based paint...