Word: tested
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...devising a "life-cycle" test designed to measure whether various biofuels really reduce overall carbon emissions from the field to the tank; the farm lobby is already pushing for a weak test, because a strict one could halt the biofuel revolution. The position Vilsack's department takes on this arcane test could signal whether it will really serve, as Obama pledged on Wednesday, "not big agribusiness or Washington influence peddlers but family farmers and the American people." But that would require real change - not only for the department but for Vilsack and for Obama...
...surprising that the auditors for these various funds didn't identify that the underlying assets were not there," says Christopher Wells, a partner at the law firm Proskauer Rose who specializes in hedge funds. "You would think that is something they test...
...amounts to is a lack of sufficient regulation, not a failure of the accounting profession. "It is not the responsibility of the accountant for a capital-management firm to audit the underlying investments of the firms it invests in," says Fornelli. "The auditor is not in a position to test the existence of the underlying securities - especially in a fund-of-funds situation...
Apple's true believers are being put to the test. Late Tuesday the company announced that Steve Jobs will not be giving the keynote address at the annual Macworld Conference and Expo. Apple also said that Phil Schiller, its top marketing guy, will be giving the keynote this coming year, and that this will be the last Macworld in which Apple will participate...
...campaign trail, Obama frequently applauded what Duncan has accomplished in Chicago, long considered to have one of the country's most challenging school districts. Under Duncan's watch, the city's schools for the past seven years have seen increases in some state test scores, though they continue to lag behind the Illinois average. But the graduation rate has risen 6%, and 53 new schools have opened. Duncan has spearheaded merit-pay incentives for both teachers and students as well, and suggested opening the country's first gay-friendly high school. In each of these endeavors, he has tried...