Word: pushful
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President Barack Obama did warn in his speech to Wall Street on Monday that "normalcy cannot breed complacency." But normalcy is breeding complacency - perhaps because complacency is normal. Consider the financial reforms that the Obama Administration wants to push through Congress before year-end - creating a Consumer Financial Protection Agency, giving the Federal Reserve the job of systemic risk regulator, and establishing a "resolution regime" to wind down troubled nonbank financial institutions (like Lehman) and complex bank holding companies in an orderly fashion. Steps in the right direction? Probably. Truly major reforms? Not so much...
...goes a long way in the weakly compensated world of environmental science and activism. Rather, she wants us to see those winners as role models at a time when news of the environment can seem unremittingly dark. "This is a message of hope," says Heinz. "I want this to push people into action...
...Moss Kanter's prescription for corporations. After a three-year study that included 350 interviews and observations in 20 countries, Kanter applauds a socially conscious way of doing business that combines pragmatism and idealism with the bottom line. These firms are not pushovers: "The companies mount and defend lawsuits, push the limits of their market dominance and pricing power, compete aggressively, and lobby governments for favorable treatment." In other words, there are no good losers...
...reprocessing technology, which produces less waste, Areva aims to capture one-third of the new reactor construction market by 2030. That will be increasingly difficult because competition is heating up. Siemens now looks set to form a partnership with Rosatom, the industry's second biggest firm. And China's push for nuclear plants means there will probably soon be competition from there...
...necessity can make history obsolete. As proof, the Obama Administration has launched a full-court press to win Shelby's support for its financial-reform proposals, which the President will push Sept. 14 in a noon speech at Federal Hall on New York City's Wall Street. "We are in almost daily contact with [Shelby's] staff and have been going over the proposal with them literally line by line," says a senior Treasury department official. Shelby and the Senate Banking chair, Democrat Chris Dodd, have also been working together closely. "[Shelby's] folks are deeply engaged and we share...