Word: rulings
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Known as the Uniform Prudent Management of Institutional Funds Act, the legislation would aid universities by eliminating the “historic dollar value” rule currently in effect in Massachusetts. The rule, a product of legislation dating from the 1970s, prevents institutions from spending from a particular endowment fund if its value falls “underwater”—below levels pegged to a specific point in time, such as the donor’s date of death...
...Schapiro's financial self-regulation background may not be enough. According to Dr. Fred Dunbar, senior vice president at NERA, an economic consulting firm, "banks are suppose to behave themselves under self-rule." During the Bush Administration this popular belief drifted over to the SEC, Dunbar says. "The feeling was, with the SEC, that with such self-enforcement they wouldn't have to step up their own enforcement. But the financial crisis has led to a re-examination of this theory, firms don't behave as one might think in theory...
...episode is a painful lesson for Obama. Even though his team asserts that it has put into place the toughest rules ever against lobbyists going to work for the Federal Government, the only thing most folks will remember is that Obama made an exception to that rule for one of his top officials. (See who's who in Obama's White House...
...calls for several political reforms in China including direct elections, a separation of political powers, free speech, legalization of political parties and the creation of an independent judiciary. Critically, it doesn't call for the Communist Party to step down, but envisions a system that advances beyond one-party rule, says Nicholas Bequelin, a Hong Kong?based researcher for the NGO Human Rights Watch. "It does not say, 'We should set up a party to topple the Party.' They say, 'We must work to outgrow the Party and create conditions for a political system that's not based...
...with the job of saving lives and, once law and order improved, trade and business would also pick up. Conversely, failure to resolve Zimbabwe's crisis would have negative implications, intensifying the suffering in Zimbabwe, spurring more to flee into neighboring countries and signaling to other dictators that their rule will be tolerated by their fellow Africans...