Word: scheming
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...Administration's stress tests were intended in part to force the banks' hands. By having regulators officially dictate how much capital big banks needed to raise, the government thought it could make the banks sell the toxic assets into the "public-private" buying scheme...
...Well, we don’t have intro accounting yet, and I imagine it’ll be years before we finally get an Ag department.” And more recently I’ve commented, “It’s like a pyramid scheme. They say it’s a good investment, but first you have to give them a lot of money and make sure other people also sign up after you leave.” Yet, despite how cute and creative the responses are, they only serve as a red herring to divert...
France's state-run health insurance scheme reimburses 60% to 70% of most medical bills. The remaining costs are assumed by the patient. More than 90% of French citizens pay for supplementary health insurance to cover these costs - mostly from state-run providers called mutuals. But those who can afford it are increasingly abandoning mutuals in favor of private insurance. For most ailments, that makes little difference: 80% of France's general practitioners work under a regime that caps how much they can charge. But the reverse is true for specialists and surgeons - 80% of them set their own fees...
CONVICTED On May 19, former Democratic Party fundraiser Norman Hsu, 58, was found guilty of campaign-finance fraud. He faces up to 20 years in prison for the conviction and another 20 for operating a Ponzi scheme, to which he pleaded guilty...
...coaches and key seniors, but Voith summarized Harvard’s optimism that a disappointing season will not go to waste. “I think that no one on our team is happy with how we did,” he said. “But in the scheme of things, all the returning players will use last year as motivation going forward to make sure that we make significant improvements for next season.” —Staff writer Max N. Brondfield can be reached at mbrondf@fas.harvard.eduBut