Word: reformations
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...inevitably faded back into its regular obscurity. The election controversy called into question the sturdiness of the UC’s electoral mechanisms when allegations over a possible vote rigging engulfed the body in a fight to regain its composure. In response, the UC’s Election Reform Task Force recently endorsed 11 recommendations meant to improve election integrity by drastically increasing ballot security and redefining the Election Commission. However, the proposed reforms are excessive, and the UC should instead focus its attention and resources on programs that will more directly and beneficially impact student life on campus...
...students who serve on the Election Commission. We strongly believe that the funds that the UC will direct toward improving software and paying students to serve on the Election Commission are better suited for initiatives that can serve more tangible benefits to Harvard students. As stated above, complete electoral reform is, in this case, virtually impossible. The UC should instead focus its energies on what it was intended to accomplish—namely, the improvement of student life—rather than waste resources and energy working to bolster its electoral...
...anyway - first with Richard Shelby, the ranking Republican on his committee, and after that crashed and burned, with Corker, a junior member of the committee who seemed more open to a compromise. Over the last several weeks, they did manage to reach agreement on some less controversial elements of reform, such as systemic risk regulation and rating agency liability, but it was never clear how they would bridge fundamental differences like the consumer agency, derivatives regulations and shareholder protections. When I spoke to Corker last month, he suggested that Obama's relatively modest proposal to recoup the costs...
Senate Banking Committee Chairman Christopher Dodd announced Thursday that he can't keep negotiating a financial reform compromise with Republican senator Robert Corker, because the process needs to go faster. Corker then declared that he was "very disappointed" the talks had broken down, and that the process needs to go slower...
Financial reform is an extremely complex issue, substantively and politically, but a few simple things can be said about it. Republicans have vowed to block any independent consumer protection agency with enforcement authority, while President Obama and many Democrats have insisted on one. Republicans don't want to hand Obama a victory; even before they lost their supermajority, Democrats didn't want to repeat the ugly get-to-60 process that squeezed health care reform through the Senate. Democrats are ideologically inclined to support strict regulations; Republicans, not so much - one reason none of them voted for the reform bill...