Word: leeway
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Then there are the hedge funds, unregulated investment firms that had been snapping up that private-equity debt, subprime mortgages and all sorts of other weird new securities. After several years of calm, fund blowups have become commonplace this summer--and because hedgies have lots of leeway in how they value their odd investments, there may be many more blowups in the wings that we don't know about...
...instincts tell us to apply the same basic principles to racial dialogue, and in practice we usually do. Even the staunchest advocates of equal opportunity racism must admit that contemporary culture grants a special leeway to public figures who mock their own ethnic group. It is hard to imagine that a white Dave Chappelle would have much success casually tossing around the n-word on national television. Similarly, if a gentile comedian told us to “throw the Jew down the well,” it would lead to an uproar, but when Sacha Baron Cohen?...
...about six seats, a lead which the crew then increased and held throughout the remainder of the race.“We were still pretty strong in the middle, but it’s easier to be strong in the middle when you give yourself a bit of leeway like we did,” said Adomanis, who is also a Crimson editorial editor.“Towards the end of the course there was a bit of a headwind, so we were finding it harder to move forward,” he added. “You can never...
...taking now are less oriented toward coercing the other side than toward securing maximum support from within their own party. By giving the appearance of a deep Democrat-Republican divide, they increase the chances of winning their skeptics over to a compromise. Bush and Kennedy will have more leeway to make small concessions on fines or family reunification if each has the extremes of his own party on board...
Given that the First Amendment protects citizens’ right “to petition the government for redress of grievances,” legislators have only limited constitutional leeway to regulate political expression. But without draconian speech restrictions, reformers are left with only marginal changes that do not affect the underlying incentives to donate, and, as a result, campaign finance reforms just shift money around. So, when “soft” money was banned by the 2002 McCain-Feingold reform, candidates raised more “hard” money, and 527s (such as the Swift Boat...