Word: highers
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...being too good at what they do. The question, though, is whether such reforms can actually be enacted. In the past, Goldman and JPMorgan - and the rest of the financial industry - put their highly talented employees to work dismantling any regulation that might get in the way of higher profits. If they try that again, maybe "swine" and "vampire squid" will prove too kind...
...behalf of well-known brands such as Hewlett-Packard, Motorola and Apple. Taiwan's heavy concentration of contract manufacturers makes the country a high-tech powerhouse - but the business model has its limits. Because they work for others, contract manufacturers have little pricing power and don't reap the higher profit margins commanded by companies like Sony and Samsung. "There are very slim margins and you have to listen to your partner," says Peter Chou, HTC's CEO. "With your own brand, you own your own destiny...
...decades. The landmark 1983 federal report A Nation at Risk, which highlighted the growing achievement gap between the U.S. and other countries, recommended that school districts "strongly consider" a seven-hour day and a 200- to 220-day academic year, which would hew more closely to the schedules in higher-performing Europe and Asia. Although the practice has yet to go mainstream, there's a big push to add school hours in underperforming urban districts. One champion of this movement is Massachusetts Senator Ted Kennedy, who on July 8 introduced the Time for Innovation Matters in Education Act, which would...
...creation of an independent board to take away from Congress the job of overseeing the rates of Medicare payments, took a hit late last week when the CBO estimated it would save only $2 billion over 10 years. The CBO acknowledged that the savings could turn out to be higher in the long run, but that qualifier highlighted one of the biggest problems for health-care-reform backers: the potential cost savings of overhauling the entire health-care system are unknown and impossible to predict with any accuracy. The CBO, for instance, has no real way to determine how much...
...many more. The White House is clearly trying to change the terms of the debate; during the press conference, Obama borrowed an argument from Steven Pearlstein of the Washington Post by warning that the bigger risk lies in not passing health-care reform, since the status quo promises only higher costs and less coverage. Over the weekend, Obama also tried to counter the notion that reform will add costs to small-business employers, a frequent attack of the current plans...