Word: honest
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...reason for Obama's election and high approval ratings is his privileging of the empirical and pragmatic ahead of ideological reflex. We have not, of course, arrived in a golden age of fair-minded, intellectually honest postpartisanship, as proved by the congressional votes on the stimulus package and the redoubled ferocity of brain-dead partisans. But a majority of Americans out in America are dialing back or turning off their ideological autopilots, thanks to the economic crises, Obama's approach and the post-Cold War realities. With the Soviet Union gone and China socialist in name only, the specter...
Many finance experts think the rules fall far short. Including, it seems, the SEC's new chairman, Mary Schapiro. In congressional testimony on March 11, two months after she was confirmed to her post, Schapiro said, "I'm not sure if it's enough, to be perfectly honest." On April 15, the SEC will hold a roundtable, to hear from the ratings firms about what they have done to improve things on their own, and also from people who think the entire issuer-pays model needs to be scrapped. "There have been some very thoughtful proposals out there...
...experts think that by focusing the discussion on who pays for ratings, a much larger issue is missed entirely. Since the 1930s, regulators themselves have relied on the judgment of private ratings agencies - thus giving the companies exalted status and immunizing them from competition that might otherwise keep them honest. It started with bank regulators in 1936, and over the years different parts of the government, overseeing everything from insurance companies to money market mutual funds, have turned to the ratings agencies for guidance. (Vote for the 2009 TIME 100 Finalists...
...message, Obama professed a commitment "to diplomacy that addresses the full range of issues before us, and to pursuing constructive ties among the United States, Iran and the international community" and called for an era of "engagement that is honest and grounded in mutual respect." By placing his overture in the call for a "grand bargain" that addresses all areas of conflict, and speaking of integrating Iran's current regime into a responsible role in the international community, the President expressed an openness to accommodating some of Tehran's key concerns. But Obama also emphasized that "terror and arms...
...have good and honest conversations about their plans for the coming months,” he says...