Word: remit
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...government has very belatedly concluded that a state takeover of Northern Rock is the only option. But even that has been badly mishandled. What should have been done was to put in a management with a remit to close the bank to new business, to stop all future lending, and to confine itself to managing the existing loan book and selling it off piecemeal to private-sector buyers as market conditions improve. After all, by one estimate, there is now some $200 billion of taxpayers' exposure to protect. Nor, of course, is the survival of Northern Rock of any strategic...
...centerpiece of its latest plan for Pakistan. While the White House continued to back Musharraf's grip on power as the best near-term key to Pakistan's survival, others are more blunt in their assessment. Anthony Zinni, former chief of the Pentagon's Central Command, whose remit includes Pakistan, warns that extremist groups are "trying to ignite Pakistan into the kind of chaos they need to survive, and create a fundamentalist, even radical, Islamic government...
...succinctly titled F*** Off, I'm a Hairy Woman. Among new projects in the works are not only TV dramas and comedy programs but also a Web-based experiment, which Cohen describes as a "weird mixture of YouTube and talent show." Part of the BBC's updated remit is to boost the "media literacy" of the British and push the move to digital technology as analog is phased out. BBC3 intends to set trends and not just follow them...
...Corporation's need to justify its existence by attracting mass audiences, which tend to eschew high culture and serious factual programming. Populism has the upper hand. "If you look at the history of the BBC, it is the history of a very slow retreat from the public-service remit, as if gradually the grass is growing over Lord Reith's grave," says Greenslade...
...financial markets and firms blurred - telling a bank from a stockbroker was becoming more and more difficult - a one-stop regulatory authority, parliament concluded, appeared best suited to serving the industry. (For companies operating in the U.S. and much of Europe, no such single body exists.) The fsa's remit: working with firms to pinpoint potential risks long before things go wrong, rather than simply prescribing rules. While the U.K. watchdog listens, suggest industry representatives, U.S. regulators prefer to bark. The U.S. Sarbanes-Oxley Act, a 2002 response to the accounting scandals that toppled Enron and WorldCom, was intended...