Word: populists
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...gesture and a Band-Aid fix to a problem that is in dire need of a suture. Simply cutting the pay of executives does little to address the systemic problems that helped give rise to the financial crisis. The Obama administration now has a unique opportunity to capitalize on populist discontent with policies that correct the lax regulatory regime that helped enable the financial meltdown. Real change to the current system, which incentivizes unnecessary risk-taking and corporate irresponsibility, cannot be replaced with simply cutting executive pay. The recent cuts are, in reality, a slap on the wrist for executives...
Although Nair’s films—from “Salaam Bombay!” to “Monsoon Wedding”—have garnered widespread acclaim from the media, she is a populist at heart, playing more to the audience here than to the critics. This is not a bad thing; although some might find the constant swelling of tympanis and the inconsistent quality of the digital effects to be grating and cheesy, these are forgivable and do not detract from the meaning or pleasure of the movie. Nair’s affinity...
...everyone stands with the populist Klaus, though. Havel has blasted the President's holdout position as "irresponsible and dangerous." Author Jaroslav Rudis, who has written about the expelled Germans, also questioned Klaus' motives. "Every time I hear someone play this card I feel like the war has never ended," he tells TIME. "It's like it's from a different planet." Diplomats have griped that the Czech Republic's standing in the E.U. has hit a new low, with some talking about how the country could be denied a seat in the next European Commission. (Read "The Czech Republic...
...Griffin and his ilk should be allowed to join the show's panel. The fundamental problem is how the mainstream parties can reconnect with the electorate and assuage their fury. With British parliamentary elections due by June 2010, party tacticians may be tempted to borrow from the BNP's populist playbook, talking tough on immigration and integration. Such rhetoric often proves a vote winner. But exploiting voters' discontent can simply stoke it. Until mainstream parties figure out how to earn back public trust and respect, the lunatic fringes will gain ground. That might be good news for BBC ratings...
...case is sending ripples throughout the world of hedge funds, a stratum of high finance that has thus far been largely untouched by the post-meltdown regulatory scrutiny and populist outrage directed at mainstream banks. "This case should be a wake-up call for Wall Street," U.S. Attorney Preet Bharara said in announcing the charges. Indeed. While many hedge funds wouldn't know what to do with inside information if they tripped over it - the strategy at quantitatively oriented shops often fixates on building better computer models - plenty of others ply their trade by working the phones and calling...