Word: reformer
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...attorneys general. The deal was pounded out. In the end, Spitzer says, he didn't negotiate the fine. He called Merrill Lynch's lawyers and recalls saying, "It's $100 million. It won't kill you. I want this settled tonight." Merrill agreed to pay the fine, apologize and reform the way it paid its analysts. The public applauded the deal, though Spitzer was criticized. Some felt he was too lenient with Merrill, which can easily afford $100 million (average profit over the past three years: $2.35 billion). Moreover, no one went to jail. Others say he was too harsh...
...thirds of the axis of evil, then, America is proactive. But in the case of Iran, U.S. policy is a mystery. In a Washington speech on Dec. 4, Richard Haass, director of policy planning in the State Department, noted "a widespread popular clamor for reform" in Iran, "which will hopefully result in greater democracy and greater openness." But the Administration has never spelled out the extent to which it supports the reformers in Iran, much less said how it might help them. It should do so now. --With reporting by Massimo Calabresi/Washington, Matthew Forney/Beijing, J.F.O. McAllister/London, Donald Macintyre/Seoul and Azadeh...
...Mitch McConnell The four-term Senator from Kentucky is one of the GOP's most outspoken fiscal conservatives, and has fought tooth and nail against campaign finance reform, citing possible infringements on 1st Amendment rights. Although he is a member of the powerful and often contentious Judiciary committee, McConnell is not especially adept at handling controversy, and has generally shied away from social issues. Of course, given Lott's recent foray into social commentary, McConnell's relative reticence could suddenly seem quite attractive...
...that the reformers are wrong about Augusta. It's clear that the place is a bastion of Southern-fried phony gentility that badly needs reform. Augusta did not accept its first black member until 1990, after an outcry about the whites-only membership of many country clubs compelled the major pro-golf association to promise that no tournament would be played at courses that practice racial discrimination...
...crack in the nation's overpriced fa?ade. Says Takayoshi Igarashi, a professor at Hosei University in Tokyo and an expert on Japan's public spending: 'This is a revolutionary change. There have been some cases to stop dam construction, but this is one step forward.' Perhaps the floodgates of reform really have opened...