Word: prudently
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...Some observers say neither side is really in the right; while it's not fiscally prudent to keep temporarily fixing doctors' Medicare reimbursements by going deeper in debt, they argue the problem is more than a decade old and is not actually related to the current health-care reform debate. And indeed, the issue reaches all the way back to 1997, when President Clinton and a Republican Congress altered the complicated formula that dictates Medicare payments. At the time, the so-called sustainability growth rate (SGR) was depegged from inflation to wage growth. That was fine with doctors until...
...launch a program can be fraught. According to Jacob Weisberg's book The Bush Tragedy, President George W. Bush and Vice President Dick Cheney were split in 2002 over whether to administer a nationwide smallpox vaccination program in the U.S. Cheney said that doing so would be a prudent counterterrorism step. Bush overruled him because the program could have resulted in dozens of deaths. (Statistical analysis has shown that the smallpox vaccine kills between one and two people per million inoculated.) Health officials don't always get the decision right. In March 1976, the U.S. government ordered a mass vaccination...
...endowment to the operating budget last spring,” wrote Princeton President Shirley M. Tilghman in a letter to the community on Tuesday, noting that utilizing the endowment would have required selling equities at unattractive prices. “That has proved to be a wise and prudent decision, given the recent recovery in the markets...
...being too risk-averse and promptly left a conference room where they were meeting to place a multimillion-dollar bet with the firm's money that the dollar would rise against the yen. Blankfein's bet - one of his favorites - paid off, and he impressed his partners as a prudent risk taker. He would do the same thing - exhort them to take greater risks - 10 years later and then persuade them to reverse course after December...
...dresser, has lost weight and has given up smoking and gambling. He shaved his once unsightly beard. "I wasn't going to make myself taller," he once quipped when asked about his transformation. He in effect reduced the risks in his personal life as he ratcheted up the risks - prudent, to be sure - that Goldman was taking under his leadership. (See George W. Bush's biggest economic mistakes...