Word: rulings
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...help from hedge funds and investment banks, quickly thwarted the measure. And Cox's predecessor at the SEC, William Donaldson, encountered stiff opposition when he tried to push more pro-shareholder measures and subject hedge funds to more oversight. When a court struck down Donaldson's hedge fund registration rule, Cox announced that the SEC would not seek to appeal the ruling - he took the same no-appeal tact when a court shot down an SEC effort to make mutual funds appoint independent chairman. On the other hand, certain types of enforcement - like cases against companies that backdated stock options...
...bailout plan in some kind of perspective: Paulson would rule over a pile of assets that exceeds the annual Pentagon budget of $507 billion by nearly 50%. For at least the next year, and perhaps for years after, Treasury's spending authority will make it harder for the next President to fulfill campaign promises and pump money into new priorities. Depending on how Paulson's power is structured, it could even postpone new federal spending on health-care reform or infrastructure improvements, or hasten the need for increased taxes and deep spending cuts. A similar challenge faced incoming President George...
...ambivalent about—if not downright opposed to—the degree to which American culture celebrates such a brutal, macho sport, and glorifies those who play it? Shouldn’t I want a kinder, gentler game—like synchronized swimming, or equestrianism—to rule...
...odds, I found my literary heaven in Jamaica, England, and India on an all-American road trip. I normally adhere to the principle that for sanity’s sake, it’s best not to read for pleasure the literature you study. But I violated my own rule this summer when—as a postcolonial history and literature concentrator—I read, and enjoyed, some popular postcolonial lit.I don’t normally like reading postcolonial novels tailored for popular consumption—probably because I feel like I’ve overdosed. To me, Zadie...
...Wednesday, when he lamented that "If we had not blundered in this election, we would not be facing all this humiliation." The bitterness of their president's words will have burned in the ears of army generals and ZANU-PF hardliners who have vowed never to accept MDC rule. The power-sharing agreement signed on Monday gives the MDC, which won the parliamentary elections in March, a razor thin majority in the cabinet that will run Zimbabwe's government. Mugabe, however, assured his backers that ZANU-PF remains "in the driving seat" and "will not tolerate any nonsense from...