Word: systemic
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...There are, of course, a number of reasons to object to sharing the cost of new employees at private enterprises. The system is subject to fraud. That is accurate, but if the IRS monitors the wages of the people being hired at least the government would have a reasonably accurate count of workers and what they are paid. Businesses that will lie to the IRS are likely to lie to almost any branch of government. It is in their character...
...Sounds like a good cop, but SEC followers, like Columbia law professor John Coffee, says she'll need an even tougher bad cop, too, if she wants to succeed in restoring faith in the agency, and the economic system. (See the top 10 financial crisis buzzwords...
Shortly after the European Management Forum was founded, world events began to shift the focus of the annual meetings to encompass more global issues. The collapse of the Bretton Woods fixed exchange system, which pegged the value of foreign currencies to the US dollar, and the Arab-Israeli War in 1973 introduced political and economic elements to the Davos discussions, and political leaders joined the European businessmen at the following meeting in January 1974. By 1976, membership in the forum was extended to the "1,000 leading companies of the world...
...Reel: 1. On a Washington, D.C. judge suing his dry cleaner for $54 million for allegedly losing a pair of his pants: "It illustrates again an important truth about human nature-that angry people can go nuts. This in turn illustrates an important point about how to run a system of justice: We can't trust people to be reasonable when they get involved in lawsuits. What was most shocking about this case was not the idiotic claim, however, but that the case was allowed to go on for more than two years-complete with sworn testimony...
...dissidents in Czechoslovakia in 1977 - calls for several political reforms in China including direct elections, a separation of political powers, free speech, legalization of political parties and the creation of an independent judiciary. Critically, it doesn't call for the Communist Party to step down, but envisions a system that advances beyond one-party rule, says Nicholas Bequelin, a Hong Kong?based researcher for the NGO Human Rights Watch. "It does not say, 'We should set up a party to topple the Party.' They say, 'We must work to outgrow the Party and create conditions for a political system that...