Word: rule
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...Regulators have long had a lower capital requirement on loans that are not backed by deposits. But in 2004, the Securities and Exchange Commission (SEC) removed rules that capped leverage at 15 to 1 for investment-banking firms like Goldman Sachs. That allowed the firms to vastly expand their lending activities without raising a single new dollar of capital. One big backer of the rule change was reportedly former Treasury Secretary Henry Paulson, who was then Goldman's CEO. By that time, the regulatory separation between investment banks and traditional banks had long since been removed, so traditional banks such...
...derived from its perception as merely a series of impartial discoveries. But Overbye’s deeper premise—that science must separate itself from the metaphysical—too often goes unquestioned. If scientists truly follow the principles of openness their method espouses, they cannot rule out the possibility of a purpose behind the process...
Clustered in the northeastern hills of Burma, the Buddhist Shan were accorded a measure of self-rule by British colonialists. When Burma became independent in 1948, they agreed to join the fledgling nation in return for autonomy. But the promise, say Shan opposition groups, was never kept - and several militias were soon formed to fight against the Burmese army. Although a ceasefire was signed in the mid-90s by most Shan groups, the minority's resistance is still active in pockets. Over the past decade, forced relocations by the Burmese military of tens of thousands of Shan, who are thought...
...Washington A Reversal, Again, on Abortion Gag Rule President Barack Obama restored funding to aid groups that offer abortions or abortion advice, undoing a 1984 ban criticized by pro-choice groups. Obama said denying aid undermined "safe and effective voluntary family-planning in developing countries." It was the third time a President reversed the order...
...left who are itching for a fight over cultural issues. Conservatives have been claiming since before the election that Obama would be "the most pro-abortion President in history," and they are eager for evidence to back up that charge. After Obama overturned the so-called abortion gag rule late last Friday - which had prohibited foreign nongovernmental family-planning groups from receiving any U.S. funds if they provided abortions or even lobbied for abortion rights in their country - House GOP leader John Boehner shot out a press release titled "President Obama's Executive Order Allowing Taxpayer-Funded Abortions Overseas," even...