Word: musts
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Dates: during 2000-2009
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Though politicians on Capitol Hill have made less of it thus far, the other change that Geithner is seeking is even farther-reaching and arguably more controversial on Wall Street. As banks must do now, big hedge funds, private equity firms, insurance companies and others who play in the financial markets would have to open their books (on a confidential basis) regularly to government overseers. Hand in hand with that requirement would be much tougher limits on how much risk any financial firm could take, so that the days of making huge bets on the markets with relatively little...
...clear," Geithner told the committee. "The days when a major insurance company could bet the house on credit-default swaps with no one watching and no credible backing to protect the company or taxpayers must...
...automobile industry. And the bank didn't mention the nasty spat that has broken out between the U.S and Mexico; the U.S. has stopped a program that allowed Mexican trucks on American roads, and Mexico has retaliated with tariff increases. Said World Bank president Robert Zoellick: "Leaders must not heed the siren song of protectionist fixes. Economic isolationism can lead to a negative spiral of events such as those we saw in the 1930s, which made a bad situation much, much worse...
...protectionism is so ruinous, why does everyone reach for it in tough times? To answer that, you have to go back to why trade is good for you. The idea that an exchange of what you have for what I have makes both of us better off must be as old as the first moment anyone swapped cowrie shells for some cooked fish. Organized trade is ancient: silk did not get to Rome because the Romans figured out sericulture; someone imported it from China. But it took until 1817, and the work of the British political economist David Ricardo...
...that Pyongyang doesn't welcome journalists to the People's Paradise. Each year, scores of journalists are invited to cover everything from glitzy festivals to picturesque mountain resorts and showcase factories. Everyone must obey the rules, which constantly change to make spontaneous exchanges with ordinary citizens very difficult, says one foreign journalist who visited Pyongyang recently. "This time," says the reporter, "I could take my laptop, but I could not walk alone in Pyongyang...