Word: lating
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...with the seeming inability of governments to get anything done, December's U.N. climate summit in Copenhagen might have pushed you over the edge. Representatives of 192 nations gathered for two weeks with the goal of hammering out an international environmental accord, and instead parliamentary stasis reigned. Late-night negotiating sessions went nowhere, powerful developing nations like China seemed determined to block any progress, and the U.S. itself - which still hasn't passed a carbon cap of its own - lacked much diplomatic leverage. As late as the evening of Dec. 16 - just two days before the Copenhagen summit...
...thing right: the ratings were lower. To be fair to NBC, so were the costs. Even getting no more viewers than Leno did in late night, the network was reportedly ahead in ad revenue. But that was no comfort to NBC's affiliates, the local stations that make up the network by agreeing to air NBC shows. Their nightly newscasts suffering, they found The Jay Leno Show even less amusing than TV critics did and threatened to revolt...
...losing people who liked the old, expensive one. Broadcast TV once thrived by pitching a big tent. But now the various poles of that tent - Jay fans, Conan fans, etc. - don't particularly want to share the same campsite, and they no longer have to. (See the top 10 late-night jokes...
...large Wall Street firms like Goldman do business, Blankfein said there were already too many constraints. He said that since his firm began to be regulated by the Federal Reserve and not the Securities and Exchange Commission - a switch that happened when Goldman became a bank-holding company in late 2008 - the oversight of his firm had increased to a level that, given all that had happened, seemed right. "Perhaps there should have been more [regulation] than there was before September 2008," he said in response to a question about whether regulators had done their job leading...
...more interesting exchanges came when FCIC members asked the CEOs if they thought that Wall Streeters should get a portion of their compensation in the products they were selling to customers, like mortgage bonds or stocks. In late 2008, investment bank UBS instituted such a plan. The executives, however, said forcing banks and other employees to hold on to products they were selling would cause conflicts of interest and limit their ability to do business. Instead, the executives said they instituted so-called clawback provisions, which allow banks to reclaim compensation from bankers who sell products that cause the firm...