Word: pays
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...Enforcement Officers Association, because they are busy spinning their wheels, serving subpoenas on third parties or conducting long-term surveillance, trying to pierce the corporate veil. Changing the rules is such a priority that these groups are willing to redeploy homeland-security funds, intended for first responders, to pay for the implementation, because they figure it will ultimately save them lots of money and time. (See the top 10 news stories...
...former Goldman Sachs partner, argues in Paper Fortunes, his new history of Wall Street, that decades of financial innovation that seemed like positive evolutions at the time have turned our markets into scary places. In part, Smith says Wall Street is fixing its problems by reining in pay and lowering leverage ratios. But he believes Washington and regulators still need to intervene to make financial markets safer...
Wall Street also seems unhappy about a fee for being big. Financial executives don't like the idea of having to pay a too-big-to-fail tax, but nonetheless I think they get it. Banks pay for deposit insurance - this just extends the idea to the rest of the bank's liabilities, which get covered by implicit too-big-to-fail guarantees. What a lot of firms don't like is the idea of having to pay a financial-crisis-responsibility fee for the next decade, as Obama has proposed to recoup TARP loans to AIG, the auto industry...
President Obama may have left jaws hanging with his proposed $3.8 trillion budget for the fiscal year 2011 - which forecasts a stunning $1.6 trillion deficit - but he's hardly the only member of the "spend now, pay later" club. Across Europe, governments have gotten so used to embracing debt during economically tight times such as these that some experts are starting to wonder if they will get back to viable deficit levels - much less balanced budgets - anytime soon...
...allegedly called his flock to wage a violent "offensive jihad" rather than a "defensive jihad" and taught that "every Muslim should have a weapon and not be afraid to use their weapon when needed." In January 2009, when Detroit officials evicted the Ummah from its mosque for failure to pay property taxes, police found firearms, knives and martial-arts weapons inside Abdullah's apartment, which was apparently inside the mosque. Authorities say the group participated in an extensive theft ring: in February 2009, for instance, Abdullah allegedly went to Chicago to obtain fur coats he believed were stolen, then brought...