Word: rule
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...banks, which hold federally insured deposits, from engaging in such risky businesses as proprietary trading and hedge-fund and private-equity-fund investing (all three activities contain some element of trading or investing for the firm's own account, possibly employing leverage). Many have dismissed the so-called Volcker rule, which Obama named for former Federal Reserve chairman and current presidential adviser Paul Volcker (who has championed the proposal), as unnecessary. They say proprietary trading played a very limited role in causing the financial crisis, that poor lending and underwriting were more to blame...
Indeed, a number of former and current Wall Streeters have come out in favor of limiting proprietary trading by banks. At the Senate hearing on Thursday, former chairman of Citigroup John Reed said he supported a Volcker-rule-like separation of financial firms. "The industry should be compartmentalized so as to limit the propagation of failures and also to preserve cultural boundaries," Reed told Senators...
...Union Party, urged her to do the latter, saying the data may not even be admissible in court because of the manner in which it was obtained. Other officials and experts warned that the government would be sending the wrong message by striking such a shady deal. "The German rule of law obliges the state to tax people equally, but the state should also not deal with criminals," Moris Lehner, a professor of international law at Munich's Ludwig Maximilian University, tells TIME. "The informant acquired the data through a criminal act, and the government has to weigh...
...told supporters, "Sometimes I'm envious of China, where they have just what's needed for punishing corruption - they cut off hands and execute people." Her aggressive rhetoric, coupled with recent surveys that show Ukrainians want a strong leader, has raised concerns of a possible return to more authoritarian rule were she to win. But Oleh Rybachuk, a former chief of staff to Yushchenko and a Deputy Prime Minister in Tymoshenko's government says that while Ukrainians may want a strong leader, they won't allow a politician to curtail their freedoms. "Ukraine is not Russia," he says...
...first rule of Fight Club is you don’t talk about Fight Club. But that’s not stopping Professor Richard Wrangham. The biological anthropology professor and co-author of “Demonic Males: Apes and the Origins of Human Violence,” will be appearing at the Coolidge Corner Theatre on February 8th to discuss the 1999 David Fincher film as part of the theater’s ongoing series, “Science on Screen...