Word: limiters
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...provisions in the president’s pay limit, now confirmed by the Treasury, will only have a limited effect. The government’s restrictions on executive compensation are firm, with opportunities for additional compensation only through the unpalatable option of restricted stock. The total savings to taxpayers, however, cannot be immense, mostly because the Treasury provisions have a narrow application. First, the provisions will not apply to the $350 billion of bailout funds already spent or allocated. Second, the provisions bypass large-time traders, brokers, and consultants, whose salary and bonuses often surpass the half-million-dollar limit...
...Bellflower, Calif., one medical guideline had already been broken. The American Society for Reproductive Medicine, a leading organization in the field of reproductive medicine, recommends that a woman under the age of 35 should have no more than two embryos implanted by way of in vitro fertilization (IVF). That limit was chosen, says Sean Tipton, director of public affairs for the society, in order to avoid multiple births through IVF that would expose both mother and offspring to significant health risks. This is merely one of several ethical, financial, psychological and medical issues that have arisen from the stunning news...
...same, museum groups have few means by which to enforce their codes. They used to limit themselves mostly to motions of disapproval when members went astray. But last December, after the National Academy Museum in New York City sold two paintings from its collection to cover a chronic operating deficit, the Association of Art Museum Directors threw the place into art-world purgatory. It forbade its members from lending work to Academy exhibitions, which effectively prevents it from mounting the loan shows that are the lifeblood of the museum world...
...even more money for mass transit, which reduces energy use, increases the competitiveness of metropolitan areas and helps working families. Expanded unemployment benefits and food stamps will be excellent stimulus--and they're desperately needed right now. In general, most of the current proposals--though not all--aim to limit the new spending to the next two years...
...view of many outside the U.S. (and some within), the only way to limit such excesses is through a bigger, more powerful IMF that can act as a central bank to the world--and knock heads when needed. While everybody agrees that this new IMF needs to be less dominated by the U.S. and Western Europe, things get controversial as soon as you go past voting rights. Should capital flows be restricted? Should there be limits on trade deficits and surpluses? Should the IMF be able to order around even the U.S.? If the answer to any of these questions...