Word: peters
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Greenberg is not likely to escape tough questions. It was Greenberg, after all, who supervised Joseph Cassano, chief of AIG's Financial Products (FP) unit, whose sales of uncollateralized credit-default swaps brought down the company. Representative Peter Welch, a Vermont Democrat and committee member, blamed Greenberg for "allowing a culture to develop that completely contradicted the insurance-company ethic of limiting risk." Greenberg, Welch said, is trying to redeem his reputation on the grounds that "he was out the door before the roof fell...
...Bigotry stemming from the system of segregated schools throughout Northern Ireland, and in particular those under the control of the Christian Brothers, has and will continue to be the source of religious intolerance. Peter Hughes, BURNHAM, ENGLAND
...behavioral economics that has been popularized by Freakonomics, The Wisdom of Crowds, Predictably Irrational, Nudge and Animal Spirits, which is the new must-read in Obamaworld - is already shaping dozens of Administration policies. "It really applies to all the big areas where we need change," says Obama budget director Peter Orszag. (See the top 10 nonfiction books...
...idea when he was reporting his January cover story on energy efficiency. He later discovered that during Obama's election effort, there was a secret consortium of the nation's leading behaviorists who were advising the campaign. Now the Administration boasts a number of senior members--including Budget Director Peter Orszag and regulatory-czar nominee Cass Sunstein--who are using these ideas to help change the economy and our behavior...
...established tactic. In the early 1500s, Pope Leo X underwrote his lavish lifestyle in part by taxing licensed prostitutes, and Peter the Great preyed on Russian vanity two centuries later by charging men who grew beards. In the Federalist papers, American patriot Alexander Hamilton proposed an excise tax on alcohol to boost revenues and curb consumption. The measure, enacted in 1791, sparked the Whiskey Rebellion, in which federal authorities were forced to quash an uprising by livid Pennsylvania settlers...