Word: stricter
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...course, not all economists are buying the Caballero's blame them, not us, explanation of the financial crisis. They say just because there was money flowing into the United States doesn't mean the credit crunch was inevitable. They say stricter regulations could have stopped U.S. investment bankers from creating mortgage bonds filled with risky home loans and then passing those bonds off as safe investments to foreign investors. "Most of the blame for the financial crisis lies in the choices that were made inside the U.S.," says Anil Kashyap, an economics professor at University of Chicago's Booth School...
This breed of Muslim activists, most of them educated and from the middle and upper classes, aggressively embraced a stricter - and increasingly violent - version of Islam. The young Nigerians rebelled against the existing order of their rich and politically well-connected parents in northern Nigeria. "They abhor the stupendous wealth their parents have accumulated and they don't want to have anything to do with them," says Abdulmumin Sa'ad, a professor of sociology at the University of Maiduguri. (See the Nigeria connection of the Detroit terror suspect...
...TIME's Alex Perry wrote in July 2009, over the past few years, young Nigerian Muslim activists, most of them educated and from the middle class, have aggressively embraced a stricter version of Islam, rejecting anything Western and Christian. In the middle of 2009, the government cracked down hard on one group nicknamed the Nigerian Taliban - officially called Boko Haram - killing its leader and scores of his followers. Boko Haram had begun life in 2001 as a peaceful group focused on the study of the Koran, according to Abdulmumin Sa'ad, a Muslim scholar and professor of sociology...
However, despite this positive turn-around, the United States must propose stricter targets for reducing its own emissions if it hopes to reach an agreement, and furthermore, mitigate the harmful effects of climate change. Developing countries rightly expect nations like the U.S. to take responsibility for centuries of greenhouse-gas emissions, and President Barack H. Obama should take this message to heart upon his arrival...
...assistance it got through the government's Troubled Asset Relief Program (TARP) will make the bank weaker, not stronger. The move will reduce Citi's capital ratios and hurt earnings; it may also accelerate a retreat of foreign investors from the company's shares. Worse, the government is demanding stricter terms from Citi than it did from Bank of America on the repayment deal it struck just a week ago. The different treatment shows that the government remains more concerned about Citi's finances than those of its rivals...