Word: mellone
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Dates: during 2000-2009
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Some have signed deals with even cheaper retailers, such as Jimmy Choo designer Tamara Mellon's deal with H&M, Anna Sui's clothing line for Target, and Vera Wang's partnership with Kohl's. This week, Narciso Rodriguez announced plans to sell a line of his clothing exclusively...
That brings us to lesson No. 2. In the early 1930s, powerful voices at the Treasury and Federal Reserve argued that the deep pain of financial crisis was a necessary economic corrective. "Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate," Treasury Secretary Andrew Mellon advised President Herbert Hoover. "It will purge the rottenness out of the system." Late last year, you could hear a few people arguing this case on CNBC and even on the floor of the House of Representatives. But after Lehman's failure, no one at Treasury or the Fed talked that way. Instead...
...Federal Deposit Insurance Corp., and the segregation of commercial banks from Wall Street. It's not obvious that we need such a drastic overhaul now, but still, the contrasts with 1930s are stark. Ironic, too. By following their belief that financial markets should work out their own problems, Andrew Mellon and his kindred spirits at the Fed triggered a financial collapse that more or less ensured major, permanent government participation in the financial sector. By intervening aggressively, Hank Paulson and his kindred spirits at the Fed haven't quite ensured a continuation of the status quo - some reforms will come...
...possible that in some cases, particularly with first-time, nonviolent offenders, early-release initiatives could actually help reduce crime. "There are two effects of incarceration," says criminologist Alfred Blumstein of Carnegie Mellon University in Pittsburgh, Pa. "One is specific deterrence - you go to prison, and you say, 'Holy s___, I don't want to go through that again.' That is the crime-reducing component of prison. But the other effect of incarceration is criminalization. You have connection with gangs. You have diminished opportunities after you get out - and therefore you have some higher chance of returning to crime. Lots...
...like these may be a bargain, but they also circumnavigate national requirements for accredited schools, which govern student admission, fees and faculty salaries. Carnegie Mellon, for instance, now selects students jointly with its private Indian counterpart, and sets its own curriculum that is taught by local faculty. Under the proposed legislation, schools would continue to operate with those special concessions. But Sibal plans to make it mandatory for foreign universities to reserve seats for the underprivileged - a requirement that has not gone down well with many academicians. "If a country's aim is to educate the poor, then many foreign...