Word: rulings
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During the interview, Hammonds said she would not rule out the possibility of academic programming during next year’s J-Term...
Jean-Marie Doré was sworn in as Guinea's interim Prime Minister Jan. 26, a crucial step toward ending the country's military rule. A critic of the staunch regime, Doré has pledged "free, transparent and credible elections" within the year. An assassination attempt and subsequent exile forced Guinea's unpopular strongman, Moussa Dadis Camara, to allow a civilian interim leader. Some fear he continues to meddle from his base in Burkina Faso...
...lengthening conflict in Iraq. "And anyone who is my age who is not going to go fight in it is a coward. They can say it's about this or that, but it's really about religion. It's about not even which culture is going to rule the Middle East, but which culture is going to rule the West. I felt like Islam is, was, and always will be like fascism...
...Wall Street money manager Jeremy Grantham recently wrote shareholders that he thought the Volcker rule would eliminate conflicts of interest at financial firms. Citigroup's current chief executive Vikram Pandit, too, has said he believes banks need to start curtailing their riskier activities. In November, speaking to business students at Washington University in St. Louis, Mo., Pandit said that unlike with other financial crises, proprietary trading played a much bigger role than underwriting in the recent credit crunch that nearly brought down his firm. "It makes sense to me that you don't take deposits as an institution and turn...
Skeptics say it will be very hard to define which trades are being made on behalf of the firm and which are being made for clients. At issue as well is which firms would be subject to the Volcker rule. The skeptics say the Volcker rule wouldn't have stopped the collapse of Lehman or another investment bank, Bear Stearns, because they were not traditional banks. (Administration officials say the proposed rule would apply to any firm that owns a bank with federally insured deposits, which Lehman and Bear both did.) What's more, critics say, if you were...