Word: controled
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...positive sign in this week's mess is that both the turf battles and unyielding attachment to deregulation have been abandoned, perhaps forever. The Fed and Treasury have together seized de facto control of the regulation of all financial institutions of significance, and nobody at either agency seems willing to believe anymore that financial markets are invariably right. In March, Treasury Secretary Hank Paulson proposed a system in which there would be one regulator (the Fed) in charge of market stability, another tasked with prudential regulation of institutions that rely on government guarantees (at the time it meant just banks...
...straight-talk approach to the press. But his interview with TIME raises grave concerns. McCain could have defused legitimate questions about his campaign's new discipline in any number of ways, but to put reporters from a major newsmagazine in the deep freeze betrays a fundamental lack of self-control, not to mention candor. Do we really want to elect such a mercurial individual as our Commander in Chief? Owen Prell, MILL VALLEY, CALIF...
...least 30 supporters of President Morales, and possibly a lot more, have been killed over the past week as an opposition campaign to obtain autonomy for the resource-rich eastern regions they control turned violent. The opposition Prefects are demanding greater control over policies ranging from land reform to the allocation of the earnings of Bolivia's natural gas exports, which originate in their regions. Earlier this year, the departments of Tarija, Santa Cruz, Pando and Beni voted overwhelmingly in favor of opposition-drafted autonomy statutes, but since those referenda were not sanctioned by the national electoral court, the central...
...will fall to Odierno to oversee the implementation of the new agreement and the gradual drawdown of U.S. troops from Iraq as they hand over control to Iraqi security forces. "This struggle is theirs to win," Odierno said. But doubts remain as to whether they can. Odierno's No. 2, Lieut. General Lloyd Austin, said on Monday that he wasn't "sure that pushing [Iraqi security forces] forward is the right thing that we want...
...group of lawyers situated around China has agreed to represent parents who are now trying to win compensation from Sanlu. They say the legal responsibility likely extends beyond the milk producers. "The [government's] quality control departments are probably responsible for the tragedy. It's unlikely that the whole thing consists of an independent crime committed by the dairy farmers", says Li Fangping, one of the Beijing-based lawyers who will be representing the parent group. "The poisonous milk powder was allowed in the market for so long and the scale of consequences is huge...