Word: won
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...Ohio State University, for one, has written papers trying to clear Wall Street pay and credit-default swaps of any blame. Despite recent apologies, Goldman Sachs executives, too, say that they are no more to blame than anyone else in the financial markets. (See high-end homes that won't sell...
Even though the bankers are first up, the FCIC won't stop there in heaping the blame. Congress set up the commission early last year with a mandate to investigate 22 possible things, from mortgage fraud to global savings imbalances, that could have either caused the financial crisis or made it worse. Modeled after the 9/11 commission, the FCIC is much larger than any other panel or watchdog created in wake of the financial crisis. The FCIC has 10 members, including six appointed by Democratic lawmakers and four appointed by Republicans. It has a budget to hire 35 staffers...
...Tapping these more dynamic economies won't be easy, however. The very different demands encountered in the developing world are forcing an overhaul of the way India's IT firms conduct business. Their goal for the past 30 years has been to woo clients outside India, but to transfer as much of the actual work as possible back home, where lower wages for highly skilled programmers allowed them to offer significant cost savings. With costs in other emerging economies equally low, India firms can't compete on price alone. Emerging markets also require that services be offered in languages other...
...Malay-language versions in 2007. "We have been using the word for decades in our Malay-language Bibles and without problems," the Rev. Lawrence Andrew, editor of the Catholic publication, tells TIME. In May 2008 the Catholics decided to take the matter to court for a judicial review - and won. "It is a landmark decision ... fair and just," says Andrew. During the intermittent trial in the closing months of 2008, lawyers for the church argued that the word Allah predated Islam and was commonly used by Copts, Jews and Christians to denote God in many parts of the world. They...
...While these officials admit to feeling "deep embarrassment" over al-Balawi's betrayal, they remain confident in their ability to penetrate al-Qaeda's leadership circles. "We've done it before, and we can do it again," an official says. "We won't stop trying...