Word: recentering
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...back up the case that Goldman generates large profits by taking advantage of others. Goldman is the only Wall Street firm so far to have paid to settle charges - $60 million to the state of Massachusetts - for creating the rotten mortgage bonds that were at the heart of the recent financial crisis. And get this: contained in Goldman's client form is this disclaimer, "You acknowledge that we may monitor your use of the Services for our own purposes (and not for your benefit)." The firm seems to be announcing out loud that it plans to trade against its clients...
...Parents in Britain have long held "chicken pox parties" at the beginning of summer so that children could catch the disease at a convenient time. But recent chatter on various Internet sites has health officials worried that parents are planning similar events for swine flu in order to make their children immune to the virus should it mutate into a more lethal form. In a statement on Tuesday, Sir Liam Donaldson, Britain's Chief Medical Officer, said such parties were the result of "seriously flawed thinking." (See pictures of swine flu hitting Mexico...
...Faculty of Arts and Sciences has eliminated 77 staff positions and reduced work hours for another 15 employees as part of the recent University-wide downsizing, Dean Michael D. Smith announced Wednesday...
...savings achieved by the latest staff cuts, as well as those arising from personnel attrition and the University's voluntary early retirement incentive program, are part of the $77 million of FAS budget cuts announced in May, Bradt said. But even after the recent downsizing and other service reductions, FAS, the University's largest school, still has a projected $143 million annual deficit that Smith says must be eliminated by fiscal year 2011. As a result, the School has now embarked on a process of "resizing and reshaping" its operations...
...needs to show that its position is associated with the U.S., with its implicit threat of coercive action," says Daniel Korski, senior policy fellow at the European Council on Foreign Relations. Noting that Iran's economy is struggling - oil is now below $68 a barrel and the recent turmoil will further deter foreign investment - Korski says the government has a long-term interest in repairing its relationship with the E.U. "Iran may rant and rage, but that doesn't mean the E.U. is being kicked around," he says. "As long as the Iranian economy is as decrepit...