Word: offers
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Dates: during 1990-1999
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...environmentalists willing to forsake leftist loyalties and embrace nationalism, strange and powerful alliances abound. For there is no doubt that hostility to free trade is growing on the right as well, visible in the opposition of some conservatives to fast track and the MAI. A nationalist, antiglobalization alliance might offer environmentalists something they have rarely tasted in past decades: power. But could they still call themselves liberals...
...course, all this has risks of its own. Do you really want the banks running high-tech experiments with your money? One of the ideas behind these new superbanks is that with large customer bases they will be able to offer infinitely complex (and incredibly efficient) wealth accounts to the average investor. But taking complex finance out of the hands of Wall Street rocket scientists and putting it into the hands of consumers or even inexperienced bankers is hardly a riskless activity. "Banks have been making less and less money from traditional lines of business," says Douglas Gale, an economics...
...increasingly assure that effective risk-management systems are in place in the private sector," he observed in a 1996 paper. "As financial systems become more complex, detailed rules and standards have become both burdensome and ineffective." In fact, many governments are competing with one another to see who can offer the fewest regulations. And the money is following right along. Economist Skoorka calls this regulatory arbitrage--the flight of money from highly regulated markets to barely regulated ones...
Consumers might find this terrifying, but the superbankers love it. Because their gigantic banks are "too large to fail," firms like the new BankAmerica and Citigroup will offer the safest possible havens for investors--safer, perhaps, than even government-printed money. In the end, what the semper financiers are after is not just new customers or new deposits but a kind of business immortality ensured by their gargantuan size and guaranteed by their killer technology. E-cash, wealth accounts and consumer derivatives will have made these firms as essential as cash itself once was. If business immortality can be purchased...
...words. Too tasteful to dwell on her sorrow and not content merely to acknowledge those who had expressed concern for her and her small children, she expressed concern for others who might be in the same hopeless boat that she and her husband had known. Nor did she offer any easy answers or palliatives, but straightforwardly gave her "sympathies," which in her case were literal; she did feel what those others felt. By doing so, Couric made something valuable of a private life exposed. She showed what Tripp, Flowers and all their eager reporters never dreamed of showing--that...