Word: majorly
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...said the United States has struggled so far because it has neither allowed failing financial institutions to fall nor given rescued banks enough money to jump start lending. Dinkic pointed to his own experience as governor of Serbia’s Central Bank, where he said he allowed four major banks to fold in one day in 2002 because the Serbian people had no confidence in them. Still, Dinkic expressed support for the Obama administration’s stimulus efforts, cautioning that the American public must be patient. “They are rebuilding confidence, but lending must start...
...unilateral decision to eliminate the position of Director of Public Service.“There was zero communication from the administration,” said Student Government President Benjamin M. Polk at the time. “It illustrated this lack of engagement between student leaders and major decisions at the Kennedy School that I think students need to have some sort of representation in.”The resolution also asked that Ellwood reconvene the Dean’s Committee on Public Service, a group of student leaders, faculty members, and top-level administrators that first assembled in spring...
...significant difference from the old Party Fund system is that the new “UC Weekend Fund” will only distribute grants to events held in House common spaces and will not be used to fund parties in private suites. One of the major concerns with party funding was that money from the administration would be indirectly funding underage drinking. Restricting funding to parties in common areas, which are easier to monitor than private suites, makes underage drinking more difficult—and may be the only reason why this proposal has any support from the administration...
...drafted the Emergency Banking Act, which helped calm a financial panic that was quickly spiraling out of control. By the time he hit the 100-day mark, Roosevelt had instituted the "fireside chat" tradition, called Congress into a three-month-long special session and passed 15 pieces of major legislation - the beginning of what would come to be known as the New Deal - which created everything from the Tennessee Valley Authority to the Federal Deposit Insurance Corporation. With farm credits, federal works projects and new financial regulations in place, the U.S. of June 1933 was a substantially different place from...
...After researching more than 750 major business failures in great depth, we came to the conclusion that humans are wired for poor decision-making," says Chunka Mui, a co-author of Billion-Dollar Lessons. "Ego, sunk costs, emotions, self-interest, etc., lead to blind spots. The not-so-intelligent have the same issues, it's just that the stakes are lower...