Word: neveral
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...about the University’s middle-income initiatives, or the fact that it waives fees for families earning under $60,000 a year. Harvard is perhaps the most generous university in the world, and it has led other universities to similar levels of generosity. I, for one, would never have been able to attend Harvard 10, 20 years ago, and that’s true for many other students...
...when he cashiered a Marine two-star general who had been running the Pentagon's F-35 Joint Strike Fighter program, the most expensive weapons system in history, for failing to meet cost and performance goals. Senior officers fumble multibillion programs fairly often, but rarely are they publicly rebuked - never mind fired - for such snafus. "Fundamentally reforming acquisitions, above all, calls on us to foster a culture and practice of accountability - accountability with regard to industry and within the walls of this building as well," Gates said at the Pentagon. (See pictures of the U.S. Marines' offensive in Afghanistan...
...fair to wonder why bank lobbyists would be so concerned about the CFPA failing to protect their customers from exploitation. And agencies like the OCC can be expected to protect their turf. But the status quo just isn't working, and history suggests that consumer protection will never be a top priority at agencies primarily responsible for ensuring the financial health of banks. The CSPC, FDA and EPA aren't perfect, but their clear missions have made them much less susceptible to capture by industry, and much more attractive to employees who are serious about enforcement. That's the appeal...
...CFPA wouldn't address the root causes of the crisis. Warren argues that the financial meltdown of 2008 was essentially a consumer-protection meltdown, a direct result of exploitative loans that never should have been approved. It's certainly true that the securities that sparked the crisis began imploding after subprime borrowers began struggling to repay the underlying loans. Still, the notion that a CFPA would have prevented the mess is debatable at best. It's not as if all borrowers who bit off more than they could chew were deceived; many of them just wanted more house than they...
...Mount Vernon statement, conservatism's éminences grises are opening their doors to a group without a founder, an underlying framework or even, seemingly, an organizing principle beyond opposition to the Obama Administration's policies. "If you go out to these gatherings, you find a lot of [people] were never involved at all until they got scared by the direction of the country. Our obligation is not necessarily to lead them but to provide them a sense of what a logical conservative position will be," says David Keene, head of the American Conservative Union, which is hosting the CPAC conference...