Word: stanley
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With nowhere to go, Gates was given an impromptu tour at the airport by his former military adviser General David Rodriguez, now No. 2 to General Stanley McChrystal, the top U.S. commander in Afghanistan. He ushered Gates through a hangar outfitted as NATO's new cyber-command-and-control center. One of his staff whispered, "An enormous well-oiled machine for eatin' bad guys." In another hangar, Gates got a glimpse of the fledgling Afghan air force and stepped into the cockpit of an old Russian Mi-17 attack helicopter. "Don't you love the irony of Gates...
...workers had allegedly neglected to replace a crucial tire spacer on the aircraft in maintenance work four days before the crash. Continental is the only company charged, along with the firm's former welder John Taylor, who fixed the titanium strip to the Continental DC-10, and his supervisor Stanley Ford. The French are also going after their own. In the same trial, Concorde's former head of testing Henri Perrier and former chief engineer Jacques Herubel as well as France's retired civil aviation chief Claude Frantzen are also charged with involuntary manslaughter for having failed to detect...
...Financial reform, like health care reform, is truly complex. It's hard to explain controversies over pre-emption or end users or proprietary trading; as another Wall Street lobbyist puts it, "Americans don't care whether Morgan Stanley keeps its prop desk." Obama knows he has little chance to transform the system if regulatory reform gets bogged down over health-care-style intricacies. The good news for Obama is that nobody claims our financial oversight is the best in the world. He may have a chance for reform if he can boil it down to one simple question...
...order to get around the repayment problem, a number of firms say their clawbacks will only apply to deferred compensation and not immediate cash payments. At Morgan Stanley, for instance, the firm's clawback provision only applies to the portion of their employees' compensation that is paid in deferred cash, which for most employees is only about a third of their pay. The other two-thirds of the firm's employees' compensation, paid out in cash and restricted stock, are not subject to the clawback provision. But in limiting the repayment provisions, Morgan Stanley might actually be promoting risky behavior...
...Speaking in Pakistan on Jan. 22, Defense Secretary Robert Gates described the Taliban as part of Afghanistan's "political fabric," dispelling any notion that the movement - no matter how noxious - can be eliminated by force of arms. And General Stanley McChrystal, the U.S. commander on the ground, told the Financial Times in an interview published on Monday that "a political solution ... is the inevitable outcome" and "the right outcome" of the surge of 30,000 new U.S. troops into Afghanistan this year. "As a soldier," McChrystal said, "my personal feeling is that there's been enough fighting. What I think...