Word: spotlights
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...Massachusetts left Democrats with only 59; months of bipartisan Senate negotiations over health care reform attracted zero Republican votes, as did the financial-reform package that passed the House in December. And White House officials admit they underestimated how ugly Capitol Hill's sausagemaking process would look in the spotlight, turning a debate about expanding health coverage, controlling costs and reining in the abuses of profit-obsessed insurers into a brawl over "death panels," taxpayer-funded abortions and congressional giveaways to Nebraska. (See the financial crisis after one year...
...Wall Street pay was again in the spotlight in Washington. The House Committee on Financial Services held a hearing on executive compensation. Harvard professor Lucian Bebchuk, who recently consulted pay czar Kenneth Feinberg in setting compensation limits at bailed-out firms, said Congress should regulate and "place limits" on Wall Street pay. Nobel Prize-winning economist Joseph Stiglitz told the panel that bank pay incentivized traders and other employees to take the excessive risks that contributed to the financial crisis. And corporate-governance expert Nell Minow asserted that Wall Street firms had done little to change the pay practices that...
Tomorrow, we'll start with a list of some quirky courses we dug up in the catalog. For the rest of the week, if you want to request a theme for a list, suggest a course to spotlight, or share something cool that happened in one of the classes you shopped, e-mail us at flyby@thecrimson.com. Or give us a holler in the comments...
More recently, the investor spotlight has been shining brightly on a new line of ETFs - ones that are actively managed. Firms ranging from Invesco to Pimco have launched about 12 of these funds over the past two years; others, such as T. Rowe Price Group and John Hancock Funds, are preparing to roll out similar funds, all in an effort to go head-on against actively managed mutual funds. "It's clearly a category that's attracting more interest among ETF providers and mutual-fund companies," says Standard & Poor's Tom Graves. "It combines the characteristics of a passive, index...
After masterminding the historic electoral victory of the Democratic Party of Japan (DPJ) last year, the party's co-founder and Secretary General, Ichiro Ozawa, has once again found himself in the national spotlight. But rather than basking in the glory of pulling off a successful election, Japan's so-called Shadow Shogun finds himself under investigation by the powerful Public Prosecutors Office on suspicion of wrongdoing in a controversial land purchase...