Word: systemic
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...incoming Obama Administration can hammer out a comprehensive solution next year. The White House had been dead set against the Democrats' original entreaties to use money from the $700 billion Troubled Assets Relief Program, known as TARP, passed by Congress in September to stabilize the teetering banking system, but now it may have no choice. (See TIME's top 10 financial collapses...
...between buyers and sellers of stocks. It is an essential function for a market like the Nasdaq, which doesn't have an actual trading floor where buyers and sellers can meet face-to-face. Madoff's firm was a major driver behind the growth of the Nasdaq, creating a system that courted brokers who had mostly traded stocks on the larger New York Stock Exchange to do more of their business with the Nasdaq. "He brought a lot of business to the Nasdaq," says Alan Davidson, a former Nasdaq board member and president of brokerage Zeus Securities...
...drop courses. Two of the insider tickets have platform points that would mean major changes in the Registrar’s office. The platform of Andrea R. Flores ’10 suggests changing freshman grading to “pass/no record”, similar to the system at MIT. Benjamin P. Schwartz ’10 advocates in his presidential platform extending the add/drop deadline from five weeks to eight weeks. Both such changes would require approval by a vote of the Faculty, which could require more than a year of committee wrangling and cajoling administrators. Schwartz and running...
...Services Secretary and director of a new White House Office of Health Reform has 26 years of experience in Congress - that's 22 years more than the president-elect. If confirmed, Tom Daschle will no doubt help Obama navigate legislative pitfalls in their efforts to overhaul the U.S. healthcare system. But Daschle also brings to the job the Midwestern manners that made him a likable personality on Capitol Hill. Since leaving the Senate in 2004, Tom Daschle has maintained close ties to Washington, as an employee of a lobbying firm, healthcare policy expert and an early adviser to the Obama...
...have to break the myth that this is the best health care system in the world." - speaking to the press, after President-elect announced his nomination as Health and Human Services Secretary, New York Times...