Word: tougher
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...price declines and forced liquidations." U.K. regulators have a similar fear, and they've responded by lowering the amount of assets insurers need to hold above their liabilities to policyholders - and crossing their fingers. CORPORATE ACCOUNTABILITY Making Scandals Add Up to Reform Faster than a plunging Enron share, tougher than a bear market, the U.S. Congress last week whisked through the biggest changes to business oversight in 60 years, creating harsh penalties for fraud and an independent board to regulate accounting. But the legislation is silent on one controversial accounting trick, treating stock options as expenses when companies do their...
...people know that capitalism is a spectacle of hope and greed and guts and guile, all racing toward the bottom line. That is its genius, but without guardrails, the whole contraption can take us over a cliff. On Wednesday the Senate voted 97-0 for a program far tougher than the one the President had proposed and even the Republicans in the House were climbing aboard. Unless Congress and the President get serious about reform, Senator John McCain warned in a combative speech, "the damage done by these scandals will outlive most of us in this room...
...people know that capitalism is a spectacle of hope and greed and guts and guile, all racing toward the bottom line. That is its genius, but without guardrails, the whole contraption can take us over a cliff. On Wednesday the Senate voted 97-0 for a program far tougher than the one the President had proposed and even the Republicans in the House were climbing aboard. Unless Congress and the President get serious about reform, Senator John McCain warned in a combative speech, "the damage done by these scandals will outlive most of us in this room...
Unlike the Temple and Britannia Cups which featured a full slate of 32 competitors, the tougher Ladies’ Challenge Plate fielded just six boats. With a first-round bye, the Harvard first varsity required just two races to win the title...
...stirring moral lecture, but critics lined up to pillory the limited enforcement measures Bush proposed to rectify the situation. Even his own party wants more; by Thursday the Senate was debating tougher proposals to protect investors, and Republican House Speaker Dennis Hastert endorsed those, rather than Bush's more limited remedies. Investors appeared unimpressed with either; the Dow lost nearly 700 points for the week, and closed Friday below...