Word: reform
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...Financiers must rediscover the genuinely ethical foundation of their activity.' POPE BENEDICT XVI, calling for global economic reform in a July 6 encyclical...
...reporter, Levitt wrote a New York Newsday column about the department for 11 years, once so angering police commissioner Ray Kelly that Kelly traveled to the newspaper's Long Island headquarters to complain in person to Levitt's editors. Levitt spoke with TIME about the department's need for reform, the "cloak of Sept. 11" and the flawed leadership at One Police Plaza. (Read "Were the NYPD Acquittals Inevitable...
...haven't seen some of the tensions between the department and the public that we saw in the 1990s. This is more style than it is substance. There have been four killings of unarmed black men by police since Kelly has been commissioner, and there's been no reform of police procedure that I'm aware of. We had the case of a black teenage boy shot to death on the roof of his apartment - the officer was patrolling with his gun drawn and accidentally shot him. Has there ever been any discussion of whether officers should be patrolling with...
...were a Wall Street firm, I would perhaps be cognizant of the fact that the financial regulatory-reform process is only beginning in Congress," warns a senior White House official, speaking about the political problems that huge paydays at Wall Street firms could create later this year, when new laws to regulate the industry will be written on Capitol Hill. Officials have also begun to worry aloud whether the Wall Street firms learned anything from the catastrophic financial crisis that was largely of their making or whether they are now returning to the old business of making short-term profits...
...popping Goldman profits also create a policy problem for lawmakers, including the President, as they try to reform the financial system to ensure that history does not repeat itself. At issue is not just the safeguards that traders are using to ensure that another crisis of confidence doesn't occur, but whether traders on Wall Street are taking advantage of the public backstop against systemic failure to create personal profits. "We want financial systems to be healthy," says Robert Gibbs, the White House press secretary. But, he adds, "the President continues to have concerns that compensation will be based...