Word: systemic
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...definitely have a rhythm to my game and a system. I'm doing projects that I'm really passionate about more than before. Before I would do things that I thought would be exciting or fun to try. Now I pick things that I'm incredibly passionate about, so that's made a difference. I want do a lot of movies. I definitely want do more theater. I want do my own one-man show...
What is certain is that no matter the long-term viability of the corporate credit union model as it currently exists, the NCUA is banking on retail credit unions having a short-term interest in preserving the system through such a trying time. The way the liquidity injection is structured, it is up to the retail credit unions to funnel money into the corporates. In explaining the program, NCUA chairman Michael Fryzel has been quick to point out that retail credit unions have a "vested interest" in their corporate brethren. Let's hope they do, to the tune of billions...
...real accomplishments of last year's U.N. summit in Bali was an agreement to move forward on avoided deforestation, a system that would pay rain-forest nations to protect their trees in exchange for carbon credits. (Deforestation is responsible for at least 20% of global carbon emissions.) But at Poznan, negotiations have gotten muddy. Thus far, no one can agree on what the rights of indigenous people who actually live among the trees should be in a forestry carbon market, while Brazil - home to 40% of the world's remaining rain forests - seems against the entire idea of avoided deforestation...
...justice department would do well to remember that what goes around, comes around. The witch hunt against UBS and Credit Suisse in the present economic climate will surely come back to haunt said Justice Department. America, like Germany, should stop whining and sort out its own taxation system so that citizens are not tempted into tax avoidance. Surely, the practice of some of the biggest U.S. banks of selling junk papers to unsuspecting clients, many of whom are pensioners, is far more despicable. The U.S. authorities must be aware that European investors who have been cheated in this fashion might...
TIME has obtained a variety of internal memos circulating at the Department of Defense that detail possible rule changes at Gitmo, if the camp and its controversial legal system survive. The proposals - under discussion but not formally adopted - could be included in the Pentagon's official "Manual for Military Commissions," a handbook of rules for the controversial proceedings. What follows are excerpts from those memos...