Word: systemically
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...liabilities, says Suresh Talwar, partner at Mumbai-based law firm Talwar Thakore & Associates, Satyam's corporate counsel until 2006. It could be a bonanza for shareholders, too, in the form of dividends or bonus shares, he says. Judging by the scale of the fraud and India's lethargic judicial system, any windfall could still be a long...
...weeks ago, Senate Banking Committee chairman Chris Dodd unveiled an ambitious, far-reaching plan to reform regulation of America's financial system and quickly found himself facing a brick wall of opposition erected by Republicans, regulators and financial-industry bigwigs. Now he's trying to work with Republicans to get the thing moving again. (Read "Financial Regulation: Way Easier Than Health Care...
...presidential election from votes controlled by the Ampatuans, leaving a hefty political debt. Indeed, her main rival Fernando Poe Jr., a hugely popular movie star, reportedly failed to get a single vote in three Maguindanao towns. "At the core of this horrid incident is a flawed election system that depends heavily on local political clans and warlord families to deliver votes on election day," says Pete Troilo, security analyst at risk consultants Pacific Strategies & Assessments...
...they are not very strong. They cannot challenge us successfully - we are too strong. And the problem is that such support and power can intoxicate the party and lead you into believing that you know it all. You take things for granted. So it's important to have a system that keeps you on your toes. This huge party must find a way to monitor itself vigorously. If there are non-performers, we'll take them out. Otherwise the party will end up unwieldy and in a mess.(See pictures of South Africa after 15 years of ANC rule...
...even sex and violence on television. Zuma: I don't think it's conservatism. What we're saying is: let's have a conversation. Take alcohol. Liquor is used to dehumanize us. If you go to the Western or Northern Cape where, in some places, they have the tot system [paying workers in high-alcohol run-off from wine processing] up to this day, you go to areas that by 11 o'clock on a Saturday, people are already drunk and dizzy in the road. It's not doing any good to the citizens of this country. I think...