Word: rulings
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...Last year, the Federal Communications Commission passed a rule prohibiting landline and cellular phone companies from asking biographical questions for password retrieval, following the disclosure that computer company Hewlett-Packard was using the information to gain access to industry journalists' phone records - a technique known as "pretexting." Still, e-mail providers like Yahoo! and many online banking services haven't stopped using biographical questions, even as much of this information is finding its way online...
...Much has been made of the SEC's failure to spot trouble brewing at the investment banks that fell under its purview. An SEC rule change in 2004 - which didn't generate a lot of attention at the time and passed before Cox came along - let the five largest investment banks significantly raise the amount of money they could borrow. In retrospect, the new ratio - $40 dollars borrowed for each dollar of capital to back it up - was precariously high, considering smaller broker-dealers were capped at a ratio of $12 borrowed for each dollar of capital...
...Though the numbers for the fiscal year 2008 have not been finalized yet, Bailey said that the Health Alliance was hit especially hard this year with an annual $13 million in additional expenses to be tacked on under a new accounting rule, which requires public employers to record costs for post-retirement benefits. Bailey declined to release additional figures as an audit has yet to be completed, but stated that without the $13 million tag, the Health Alliance would have been on “very solid footing...
...central government's response to the string of calamities betrayed the contradiction that lies at the heart of Beijing's dilemma: to preserve "stability" - and the rule of the Communist Party - the authorities had to been seen as taking action. The public was thus informed of arrests of businessmen and resignations by top officials, including a provincial governor and the head of the state food-quality inspectorate. But "stability" also means not letting the blame game allow its focus to center too squarely on the party. Within days of the story breaking, the state media was commanded by the Propaganda...
...repair the system." Beijing-based China scholar Russell Leigh Moses isn't optimistic that will happen anytime soon. The problem is "not so much political or structural as psychological. The top leadership can't get over their anxiety that any structural reform will mean the end of one-party rule," Moses says. "They are more and more out of step with the public, and even though there's still room for them to maneuver on this, these events accumulate and the wiggle room gets narrower and narrower." At some point, saying sorry just won't be good enough...