Word: shifting
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...whose discoveries changed the way we thought of, well, everything. Then came the carnage of World War I, the rise of fascism and communism, the mass murder of European Jews and the flight of those who could escape it, often to the U.S. All of this contributed to a shift of the center of scientific progress away from Europe. Some aspects of the great European disaster might have been foreseeable in 1909, but none with any certainty. There are too many futures for them all to be known...
...Shanghai Easing the One-Child Policy? Reports surfaced in international media that in an effort to respond to the rapid graying of the workforce, some couples in China's most populous city would be encouraged to have two kids. Shanghai officials denied any policy shift, but rumors persist that Beijing might be rethinking its controversial population-control policy...
...Congress and the Clinton Administration to rein in executive pay by not allowing corporations a tax deduction on executive salaries above $1 million turned out to be an object lesson in unintended consequences. Because it exempted performance-based pay, the new limit accelerated an already-in-the-works shift toward using stock options as the main piece of executive compensation. Far from being reined in, executive pay - with help from a bull market in stocks - skyrocketed. (See pictures of TIME's Wall Street covers...
...government life support rests on two main arguments, Bebchuk says. Top executives are supposed to answer to shareholders, but to a large extent they have been able to determine their own pay packages. Say-on-pay votes and other measures that empower shareholders and outside directors are meant to shift that balance of power. At banks, meanwhile, pay is simply one more risk factor that regulators should keep an eye on. "Once you accept that government is already regulating the business decisions of banks, I don't know why this particular business decision to compensate should be exempted from intervention...
President Mahmoud Ahmadinejad's government has promised to present a new package of proposals on the nuclear issue to Western negotiators in the coming weeks. But that package is unlikely to reflect any shift in Tehran's rejection of the U.S. demand that it forgo the right to enrich uranium as part of its nuclear-energy program. "If the U.S. position remains unchanged," says Farideh Farhi, an Iran expert at the University of Hawaii, "Iran may well come to the table, but only in order to demonstrate to its own people that its regime has been recognized, not to seriously...