Word: shifts
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...with government-sponsored enterprises (like Fannie Mae and Freddie Mac, which are largely responsible for the financial crisis through their politically driven efforts to securitize mortgages that should not have been made in the first place), the emergence of government bailouts, and the overall shift to a more state-involved economy, we are beginning to see free-market assumptions wither away. Banks no longer must perform meticulous cost/benefit analyses for each and every loan or investment they make, and troubled financial firms can afford to take on even more risk knowing that the government and the American taxpayer will have...
...Development Community, it was up to the 60-member MDC national executive council to vote either in favor of or against participation. After an intense and charged internal debate that threatened to tear the party apart, the national executive council voted for participation. This decision represents an immense ideological shift by the MDC, a party that has always insisted on free and fair elections as the highway to political office. Like it or not, the party’s decision has to be respected. Simply, that is democracy...
...Tajzadeh, the pressure on him, "combined with the terrible situation of the country," has made Khatami feel a social obligation to run against Ahmadinejad. A victory by the reformist leader who promoted domestic liberalization and accommodation with the West on the international front would mark a profound political shift from Ahmadinejad, whose foreign policy has been based on an uncompromising defiance. But victory is far from certain, and that may be one reason Khatami has agreed...
...struggle to combine Harvard’s expectations with their own. “I’m trying to reveal the limbo, the in-between period,” Costello said. “It’s such a profound time of transformation. The nuances of the shift for each individual each had their own way of falling onto the film.”While Costello documented students’ discoveries of what it means to be a Harvard student, Isidore M. T. Bethel ’11 applied a standard Harvard skill, a knack for analyzing novels...
...White House organizational chart, both the faith-based-initiatives office and the advisory council will fall under the purview of the Domestic Policy Council. That decision represents a significant shift from the Bush Administration, in which the religious-liaison operation was focused more on outreach than on policy generation and its stated mission was relatively simple: to expand the opportunities for faith-based and other community organizations to compete for federal funds. The faith-based discussion largely centered on the question of who provided social services, and Bush himself weighed in on the side of arguing that faith-based organizations...