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Word: interventionism (lookup in dictionary) (lookup stats)
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Even if California avoids federal intervention and the CDCR's current proposal is adopted, mandated state budget cuts will force the department to cut half of the already depleted programs for rehabilitation, substance abuse and vocational training. That would spell disaster, according to Woodford. "We release 10,000 [prisoners] a...

Author: /time Magazine | Title: California's Prison Crisis: Be Very Afraid | 8/14/2009 | See Source »

Fair enough. Certainly, at the government-supported firms where Feinberg will determine pay, the case for intervention is open and shut. They're taxpayer-supported entities, after all. Feinberg does face tough decisions, such as what to do about Andrew J. Hall, head of the moneymaking Phibro energy-trading unit...

Author: /time Magazine | Title: Should Executive Pay Be Regulated? | 8/10/2009 | See Source »

The case for limiting pay at corporations not on government life support rests on two main arguments, Bebchuk says. Top executives are supposed to answer to shareholders, but to a large extent they have been able to determine their own pay packages. Say-on-pay votes and other measures that...

Author: /time Magazine | Title: Should Executive Pay Be Regulated? | 8/10/2009 | See Source »

Would this intervention be flawlessly executed? Of course not. But if ham-handed pay rules drive risky, highly rewarded activities out of big banks and into smaller firms - if big banks become boring again - that might not be all bad, since smaller firms presumably pose less risk to the financial...

Author: /time Magazine | Title: Should Executive Pay Be Regulated? | 8/10/2009 | See Source »

Manipur immediately erupted into days of protests, until the state's ruling Congress-led government announced on Aug. 5 a judicial inquiry and suspended six cops implicated in the case. This followed an earlier incident in another troubled state, Kashmir, where police are suspected to have raped and killed a...

Author: /time Magazine | Title: Can India Reform Its Wayward Police Force? | 8/10/2009 | See Source »

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