Word: optioning
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Dates: during 2000-2009
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...solid returns for Oxy's bond-heavy pension fund - so much so that Oxy's accountants figured the plan was overfunded by $600 million. For Oxy to get at that cash, pension laws required it to close its fund and start again. It did so with a far cheaper option: the employee-funded 401(k). The company made it clear that with the high interest rates at the time, Oxy employees could see their 401(k) account balances soar with little risk. Few doubted it - Oxy, like most other big companies of that era, had always taken care...
...shortsighted." A week later, the President said essentially the same thing at a meeting of congressional leaders. And while it could be argued that McChrystal overstepped by dissing one possible course of action in the midst of a presidential strategy review, it could also be argued that the option dissed was not under consideration...
...fact, most of the hoo-hah about Obama's Afghanistan strategy review has been a matter of smoke and mirrors. In a recent issue of this magazine, for example, Leslie H. Gelb - a prominent "opponent" of the current strategy - came out against the military's all-in option in Afghanistan, favoring instead a plan that would add three brigades, about 15,000 additional troops, this year. But the military's all-in option, a request for 40,000 more troops, is just that: an option. It is the upper end of three options that McChrystal has offered the President...
...paint the President as flaccid on national security. McCain has been going around for the past few weeks telling all comers - heatedly, at times - that Obama's strategy review is essentially a waste of time, that the President has to, has to, go with the 40,000-troop option in Afghanistan. The Obama Administration, unnecessarily defensive, added fuel to the fire by having National Security Adviser Jim Jones and Secretary of Defense Robert Gates obliquely chastise McChrystal for public lobbying...
...West would prefer that Iran did not have the civilian nuclear infrastructure that would give it the option of building weapons, but the more likely outcome of a diplomatic process is one that strengthens safeguards against weaponization rather than reversing Tehran's existing enrichment capacity. And the question of whether that's acceptable to the West will ultimately be answered by a cost-benefit analysis of the available alternatives...