Word: appointment
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...subject hedge funds to more oversight. When a court struck down Donaldson's hedge fund registration rule, Cox announced that the SEC would not seek to appeal the ruling - he took the same no-appeal tact when a court shot down an SEC effort to make mutual funds appoint independent chairman. On the other hand, certain types of enforcement - like cases against companies that backdated stock options - have flourished under Cox. And now he's a loud supporter of regulating the $58 trillion credit default swap market that helps companies insure against defaults on their debt - but also links financial...
...Political parties—I pray their members know—do not set the value of the dollar (which is a floating currency). Presidents only appoint a Chairman of the Federal Reserve who has (limited) control over the interest rates. Those rates influence the dollar’s value—as does demand from abroad. In the end, a prolonged and unsustainable trade deficit is more to blame for the weakening of American currency than any one president...
...insisting that Tsvangirai should instead be his deputy. A Zanu-PF minister, speaking on condition of anonymity, told TIME earlier that Mugabe was not comfortable with Tsvangirai heading the government. He said, "The deal on the table is more of a fantasy. They want Tsvangirai to chair and appoint Cabinet. Those are the functions of the President in accordance to the constitution of Zimbabwe. Comrade Mugabe is refusing to sign that document...
...that Mugabe drew unprecedented criticism from within Africa - something that appeared to have persuaded him to open power-sharing talks with the M.D.C. Now a month old, those talks have stalled and, perhaps in an attempt to continue his one-man rule, Mugabe announced last week that he would appoint ministers and regional governors and convene parliament. If that was his intent, it backfired. On Monday, M.D.C. MPs elected one of their own as speaker of the house. Tuesday's scenes were perhaps even more humiliating for the octogenarian president...
...Robert Mugabe and his political rival Morgan Tsvangirai are in danger of breaking down completely almost four weeks after they began, sources inside the negotiations say. Tsvangirai's party has agreed to convene parliament in an attempt to revive Zimbabwe's moribund government but won't allow Mugabe to appoint a Cabinet until an agreement is reached. Meanwhile, hundreds of thousands have fled the country to escape the economic crisis. More than 80% of the population is unemployed; 45% is malnourished. The inflation rate topped 11.2 million percent in June--by far the highest in the world...