Word: legging
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...very narrowly to prudential regulation of the banking industry," says Gene Ludwig, who as Comptroller of the Currency oversaw the nation's big banks from 1993 to 1998. What that did, Ludwig explains, was to motivate banking companies to move activities to their less-regulated affiliates, and give a leg up to competitors (stand-alone investment firms, hedge funds, mortgage brokers, you name it) that weren't being watched by banking regulators...
...crime spree prompted a similar lockdown in Hartford, Conn. After a chain of shootings that left one 21-year-old dead, a 15-month-old shot in the left leg and six young people wounded, the city in August imposed a 30-day emergency curfew on everyone under the age of 18. Mayor Eddie Perez said in a statement: "We must do this because we cannot and will not tolerate innocent people, especially children, to be victims...
...surprisingly, the Obama campaign takes issue with that assessment. Over Labor Day weekend, while waiting for Obama to finish an event, David Axelrod, the nominee's top strategist, noted that their strategy is broader than McCain's and therefore requires a lot more leg work, but that it has more of a potential payoff. "We're going into Nov. 4 with many different scenarios to get to 270 electoral votes," he says, squinting at airplanes buzzing overhead, part of Cleveland's annual air show. "I think their path is very, very narrow, as is their thinking...
...September 1988, British tourist Julie Ward, 28, went missing during a trip to Kenya's Masai Mara game reserve. Days later her father, British businessman John Ward, came across her severed leg in the dusty grass of the Kenyan savannah, confirming his worst fears about her fate...
...years. "A lot of these migrants were not coming to build a new life for themselves," says Philip Whyte, senior research fellow at the Centre for European Reform. "Many were overskilled relative to the jobs they were carrying out in the U.K. They were coming to get a financial leg...