Word: outright
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...crisis may be exposing another, more insidious, flaw. As the industry has grown, it has become harder to tell good investment managers from lucky ones - and lucky ones from outright frauds. In a recent paper, Dean Foster, a professor at the University of Pennsylvania's Wharton School, and H. Peyton Young, a senior fellow in economics at the Brookings Institution, argued that the lack of industry regulation makes bad managers nearly impossible to detect. By making bets that have a relatively low probability of failing - say, 10% - an unskilled manager has a 90% chance of making good...
Although South Dakota's Measure 11 included more exceptions to the outright abortion ban - for example, allowing abortion in rare cases of incest, rape or when the mother's life or health are endangered - than a similar initiative that was defeated in 2006, the new measure was rejected by 56% of voters yesterday. According to Kristine Wilfore, executive director of the Washington-based nonprofit Ballot Initiative Strategy Center, which advocates socially progressive issues, the initiative would have set in motion a future challenge to Roe v. Wade if passed. "It was an effort to get as close as possible...
McCain's top aide rejected outright the notion that McCain had been changed by former handlers of President George W. Bush, like Steve Schmidt, the McCain strategist who had worked with Karl Rove in 2004. "This sort of Maureen Dowd nonsense, comic-book theorizing about the Bushies who hijacked McCain - she can never write a serious column," he said of the New York Times columnist. "It's just nonsense. Everybody, everybody felt a personal responsibility to protect McCain's reputation...
...swing strongly Republican but which Democrats believe they can divide this year. Those voters may have gotten an added impetus to go for McCain a few hours ago when Fidel Castro, Cuba's ailing ex-President and scourge of the Miami exile community, voiced praise for (but didn't outright endorse) Obama: "Without a doubt," Castro wrote this morning in Cuba's state-controlled media, "Obama is more intelligent, cultured and levelheaded" than McCain. DiBenigno, a Cuban American and daughter of exiles, tells TIME, "Castro has done us a big favor...
Nothing, that is, except for an outright McCain victory...