Word: interestingly
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...1970s, as the rigid New Deal approach of segmenting financial institutions into narrowly defined boxes began to crack under the pressure of inflation, globalization and floating exchange rates. The money market mutual fund, invented in 1971 as a way to get around federal limits on savings-account interest rates, was among the first of many innovations that undermined the old ways...
...There's an argument to be made that if this kind of regulatory approach had continued into the Bush years, some emerging financial market excesses might have been nipped in the bud. Until very recently, the Bush Administration has showed no interest whatsoever in tightening financial regulation, and at the Federal Reserve Alan Greenspan was if anything even less interested. The Fed had the power to impose stricter mortgage lending rules even on non-banks, which it finally did earlier this year - banning, among other things, the making of loans "without regard to borrowers' ability to repay the loan from...
...time when playwrights like Stoppard, Hare and Michael Frayn are wrestling with weighty topical issues, Ayckbourn admits to having little interest in politics: "I've lived through enough times to know, as the French say, plus ça change - nothing changes, give or take the odd Iraqi war." One thing that musters his outrage, though, is the dwindling government funding for the arts, which has endangered local theaters like his Scarborough company - where, in all his years as artistic director, he has never taken a salary. "My salary is in the accounts," he says, "but it usually goes flying...
...failures? France's handling of the Beijing Olympics was a clear one. Sarkozy made himself a prisoner of a contradictory logic by trying to appear dedicated to human rights without endangering the economic interest of French firms. France fell between two stools and became an easy target for Chinese assertions that its position lacked coherence. Another failure was France's initial neglect of Germany's sensitivities toward Sarkozy's ambitious Mediterranean project...
...about 250 students, mostly freshman, packed into the Tsai Auditorium in CGIS to learn more about the Dems and to hear Vilsack, a fall 2008 Institute of Politics Fellow, articulate the problems America faces and how college students can make a difference. While the organization was expecting high interest during an election year, President Jarret A. Zafran ’09 said he was nevertheless surprised that “a good third, maybe even half of the freshman class” wants to become involved in the campaign. “I think it just goes to show that...