Word: reformer
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While we recognize that the council funds are instrumental in supporting dozens of student groups, the process through which the grants are distributed is in need of substantial reform. Not only does the council dole out a significant portion of its funds to tiny groups that have a negligible impact on improving student life, but it does so with little follow-up or long-term planning. While subsidizing the Tetris Society may bring joy to a handful of students, it does little to advance the council’s goal of serving the interests of the campus at large...
...perky folk songs. To Gibson, Vatican II "corrupted the institution of the church. Look at the main fruits: dwindling numbers and pedophilia." He might also have noted that Catholicism flourished in those countries where it became a church of liberation--where priests welded traditional doctrine to radical social reform...
...Mizuho's plight is the latest indication that Japan's biggest and sickest banks might ultimately require government bailout and takeover. The day of reckoning may be approaching. New, tougher accounting rules laid down by Heizo Takenaka, Japan's reform-minded chief of the Financial Services Agency (FSA), begin to take effect on April 1. Under the guidelines, banks will be required to declare worthless many of the questionable loans listed on their books as recoverable assets. Designed to force banks to clean up their rotten lending portfolios, later reforms will also likely restrict the dubious practice of counting future...
...Most likely, he'll have to sell preferred stock to the bank's own customers and close business partners. This will perpetuate a pattern of cross-ownership between banks and affiliated companies that is one of the toxic hallmarks of the Japanese economy and a major impediment to meaningful reform. The practice of banks having their borrowers as shareholders practically guarantees conflicts of interest. "Unfortunately," says Katsuhito Sasajima, an analyst at UBS Warburg in Tokyo, "the cross-capital holding structure is proving to be a very hard habit to break...
...court rules in the Chechens' favor? "This is a serious and generally effective process," says Bill Bowring, a British lawyer who worked on the lawsuits and is involved in about 15 others for Chechens. If the Russians were ordered to provide compensation, European foreign ministers would urge Russia to reform its laws to prevent future violations. Bowring is coordinator of the new European Human Rights Advocacy Center, based in London. In partnership with the Russian rights group Memorial, the E.U.-funded center will handle many broadly similar suits. As the legal battles grind on in Strasbourg, Russia is also fighting...