Word: lasting
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...History Before History: From the Origins of the Earth to the Modern Era,” says about her experience leading a course, “I reread every textbook from undergraduate and graduate school I had and picked out topics that I though were interesting in the last 13.7 billion years of the world’s history...
...businesswoman. Also trained as a lawyer, Ilitch worked for her family's pizza and sports enterprise before launching her own jewelry company. She also co-owns a local lifestyle magazine called Ambassador. She is a fixture on Detroit's civic scene, joining Detroit Mayor Dave Bing's transition team last year and frequently challenging some of his top advisers to make deeper budget cuts. "She zeroed in on the finance piece as her baby, trying to get them to think through how to make immediate cuts," recalls a person familiar with the discussions, adding, "She's in your face...
President Obama's new proposals to crack down on Wall Street - first the new tax on big banks last week, then Thursday's new restrictions on big banks - signal a somewhat new approach to financial reform. But they also signal a very new approach to politics and governing: more populist, more confrontational, less deferential to Congress, less eager for common ground. His uncharacteristically blunt message to financial giants and their political defenders said it all: "If these folks want a fight, it's a fight I'm ready to have...
...matter what the White House spinners say, the heightened emphasis on taming Wall Street is a direct response to Obama's political problems in the Senate and throughout the nation. To give another example, the Administration first proposed a stand-alone consumer-protection agency for financial products last June, but only Tuesday did it leak that Obama considers the agency non-negotiable. (See the top 10 sound bites from Obama's first year in office...
...proprietary trading by commercial banks as "the Volcker rule." Other White House economic aides have also chafed at the influence of Geithner and Summers; one of them recently told me that if I wanted to understand financial reform, I should talk to MIT's Simon Johnson, who until last week was trashing the Administration's reforms as a cave-in to Wall Street. (See 10 things that have and haven't changed during Obama's first year...