Word: predecessor
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...past two decades, there was little appetite for adding powers to an agency like the SEC: In 1998, when the Commodity Futures Trading Commission proposed regulating the burgeoning derivatives market, the banking lobby, with some help from hedge funds and investment banks, quickly thwarted the measure. And Cox's predecessor at the SEC, William Donaldson, encountered stiff opposition when he tried to push more pro-shareholder measures and subject hedge funds to more oversight. When a court struck down Donaldson's hedge fund registration rule, Cox announced that the SEC would not seek to appeal the ruling - he took...
Instead, Palin plans to cooperate with an investigator from the state personnel board. That investigator is a Democrat, but the board's three members are political appointees who ultimately answer to the governor herself. (One was appointed by Palin, the other two by her predecessor.) They got involved only after Palin took the unusual step of filing an ethics complaint against herself in early September to spark an investigation that her lawyers hoped would overshadow - and effectively kill - the legislature's inquiry...
...months now, opinion polls have been predicting that Labour faces possible annihilation at the next election, due by spring 2010. The data pinpoints Brown as a liability. When he replaced Tony Blair, voters saw in the serious Scot a refreshing change from his predecessor's slick style. But Brown's deliberative approach has come to appear indecisive; his detail-heavy, poetry-free utterances have failed to connect with voters. He acknowledged these failings in his speech to the delegates. "I didn't come into politics to be a celebrity or to be popular," he said, adding, "Perhaps that's just...
...voiced President has been a revelation. When he was first elected in 2002, many U.S. experts on Latin America worried that he and his leftist Workers Party would trash Brazil's economy by pursuing socialist and populist policies. But Lula stuck to the market-oriented fiscal reforms of his predecessor, Fernando Henrique Cardoso. Those policies, plus a windfall from high global prices for Brazilian products like soybeans and steel, helped Lula tame the country's notorious hyperinflation and create a boom - growth will be 5% or more again this year...
...poverty. Poor South Africans vented their rage earlier this year by staging violent pogroms against impoverished immigrants from elsewhere in Africa, who compete with them for low-wage jobs. If Zuma, seen as a man of the people, fails to produce housing and jobs more quickly than his predecessor has, he could face the wrath of the masses and his own party supporters...