Word: prudently
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...firm that isn't solvent. It doesn't matter if it's a car producer, an industrial firm or a financial firm. It should be encouraged or even compelled to file for bankruptcy. When you keep on bailing out institutions indiscriminately, there is no incentive for them to be prudent in what they're doing, because they know that whatever they do, whatever problems they create by their own behavior, the government will come along and bail them out. So you are providing incentives for institutions to operate in a way that will only increase the opportunities for firms...
...pitfalls. Back in 1983, Medicare initiated a similar plan, bundling payments for hospital stays, but the program acquired the unfortunate label "quicker but sicker." Since hospitals were paid a certain amount of money for each patient no matter how long they stayed, many patients were discharged sooner than was prudent, which transferred the burden of care onto nursing homes and created a "mini-industry of readmissions," according to Gail Wilensky, a former head of Medicare. "Redesigning the reimbursement system is not for the faint of heart," says Wilensky. "This is in large part about changing the way doctors behave...
...councilman Robert Garcia. "This is near and dear to my heart," noted California Senator Barbara Boxer on the Senate floor. Biden's staff has battled to kill the project behind the scenes, and the outcome is still unclear. Meanwhile, on other requests, Republicans quibbled with Biden's definition of prudent. Some $3.4 million will be spent on a Florida wildlife crossing at a highway with one of the highest rates of turtle mortality in the world. "Why did the turtle cross the road?" Oklahoma Senator Tom Coburn, a leading Republican critic of the stimulus, teased in his report...
...attempts on Tuesday by opposition presidential candidate Mir-Hossein Mousavi to call off a huge protest rally called for by his supporters in Tehran is a prudent move to avoid further bloodshed after yesterday's attacks on demonstrators by supporters of the regime. After all, Ahmadinejad's supporters had scheduled a counterdemonstration of their own for the same part of the city, clearly looking for a fight. But it also reveals a deeper truth about the showdown currently under way: Mousavi represents a faction of the regime (whose key figure is former President Hashemi Rafsanjani) that is vying for power...
...fait accompli” and that objections and discussions about Summers’ plans were not being taken into account. Ironically, then as now, FAS suffered from fiscal difficulties, for which Summers advised, “we would all do well to be very prudent in the use of our resources.” Yet he continued to keep the Faculty in the dark about how Allston would be financed. His lengthy 2003 President’s Letter to the Harvard Community on Allston Planning dedicated only a brief, vague paragraph to the costs that would be incurred...