Word: headful
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Dates: during 2000-2009
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...Karel Lannoo, head of the Centre for European Policy Studies in Brussels, says it will be difficult to implement efforts to regulate bonuses in the E.U., as rules on working conditions are decided at the national level by individual governments. He adds that although bonuses are a powerful rallying point for E.U. leaders, the payouts represent just a tiny fraction of the global banking losses over the past year and are not to blame for the crisis. "Bankers are exceedingly unpopular, and leaders feel they have to act," he says. "But bonuses are a symptom of the crisis...
...financial system. In response, big financial firms are changing, but few firms have changed more than Morgan Stanley. The latest sign of Morgan's transformation came two weeks ago when the firm announced that James Gorman would replace Mack in January. Unlike Mack, and nearly every other head of Morgan Stanley, Gorman has never been an investment banker. Gorman, a former McKinsey consultant, joined Morgan three years ago from Merrill Lynch, where he had run that firm's brokerage force. At Morgan, he was in charge of revamping the firm's brokerage division, and recently integrating the Smith Barney acquisition...
...technology brings a new conundrum: in order to exploit these tools, we have to act before someone we know goes to the hospital with H1N1. "Decisions have to be made in the absence of true, hard scientific information," says Dr. Paul Jarris, head of the Association of State and Territorial Health Officials. "We just have to be comfortable with that." (See how to track the swine flu outbreak on your iPhone...
...taken. Over the past year, Washington has intensified CIA-operated drone strikes - yielding a flurry of successes. Air strikes may have killed two prominent al-Qaeda commanders over the past fortnight. If confirmed, the deaths would be further blows to the terrorist group. Last month, Baitullah Mehsud, the head of the Pakistani Taliban and a key al-Qaeda ally, was killed in a remote part of South Waziristan. Mehsud's death has sown discord among his followers, with the new leader struggling to maintain control of the increasingly fractious alliance. The tribal areas "can no longer be described...
...told it reflects pretty accurately the prevailing sentiment in my country in the wake of your decision to discriminate against tires made there. (U.S. companies, by the way, produce two-thirds of those tires. We all had a good chuckle about that in the Politburo. Here I am, the head of the Communist Party in the People's Republic of China, and I'm apparently more of a capitalist than...