Word: overhaul
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Earlier this week, treasury secretary Tim Geithner sat down with TIME managing editor Rick Stengel at an economic summit hosted by Time Warner in New York City to discuss the outlook for the economy and President Obama's overhaul of the financial regulatory system. Later, the Secretary answered additional questions about the new financial rules and regulations. Some excerpts...
...this has a touch of Italian hyperbole, but the point is a serious one as Marchionne, 57, tackles his next big challenge: Chrysler. For at Chrysler, he's moving, just as he did at Fiat, to restructure the organization, overhaul production, revamp the lineup, motivate a beaten-down workforce and deal with prickly shareholders--this time including the U.S. government...
...there has been an imbalance at the heart of transportation funding: highways get billions, and public transit gets the scraps. But that may change. This week Minnesota Representative Jim Oberstar - the Democrat who runs the House Transportation and Infrastructure Committee - unveiled his $500 billion, six-year draft bill to overhaul the nation's transportation system. Though the bill is still nebulous, analysts say it's a considerably more transit-friendly bill than Congress has produced in the past, pouring $100 billion into public transit. New transportation bills are authorized only once every six years, and there's a real sense...
Most professors said they view a widespread crackdown by the Iranian government as more probable than an overhaul of the existing regime structure, though the majority also said they could not write off the possibility of a full-fledged revolution...
...director Peter Orszag, is also a data-driven guy, as is Orszag's boss, the President of the United States. They've already stuffed $1.1 billion into the stimulus bill to jump-start "comparative effectiveness research" into which treatments work best in which situations. Now they're pushing to overhaul the entire health-care sector by year's end, and they're determined to replace ignorance with evidence, to create a data-driven system, to shift one-sixth of the economy from "that's what we do here" to "that's what works." (Watch a video about a woman living...