Word: majorization
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Congress is now approaching a crucial opportunity for financial reform. Such a reform must be tough and intelligent, as a weak reform would create a dangerously false illusion of security and stability. The House passed a major regulatory bill in December, and now Chris Dodd has brought his own Senate proposal to the floor, for debating over the next few weeks. Financial regulation must specifically address capital requirements for banks, the tools to liquidate failed financial institutions, consumer protections, derivative trading, and the immense trading operations of many major investment banks...
Last December, University President Drew G. Faust had announced that Harvard would be aggressively pursuing tenants for its unoccupied holdings in Allston in the wake of the indefinite halt of the science complex—a major component of Harvard’s plans to build a new campus across the Charles River...
...there was one major obstacle separating the Harvard women from their dreams of cannolis, gondola rides, and top-notch European soccer—money...
...demands of a globalized, warp-speed economy and an aging population. It will have to be modified, and modified again - and one hopes the Republicans, with their natural instinct for efficiency, will participate in that process. But, however flawed, the health care bill is a sign that major, concerted public reforms are once again possible, and that the difficult work of transforming America to compete successfully in a new world of challenges can now begin...
...major driving force behind the recommendation was the Committee’s realization that withdrawal may be an excessive response in many cases, Sundquist says...