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...critics. "What about other addicts? Will we soon be giving cocaine to cocaine addicts? Alcohol to alcoholics?" asks Mary Brett, vice president of the nonprofit group Europe Against Drugs. "This perpetuates addicts' maintenance on the drug when the goal should always be abstinence." (Read "Swiss Heroin Program Is Put to a Vote...
...Indonesia We have cases of corruption, but Grameen Bank now has 28,000 staff, 8 million borrowers and 2,600 branches. We lend out over $100 million each month and have a similar amount coming back each month, handling this physically in the villages. It's very easy to put money in your pocket. But the amazing thing is that cases of corruption are so rare...
...authoritarian party with a collective leadership. The leaders themselves - at least those I have witnessed - are now remarkably self-assured and relatively sophisticated. Marxist-Leninist ideology plays little, if any, role in their decision-making. The policy process is more consultative, although still lacking in transparency. Much emphasis is put on governance and officials at all levels undergo required training in public administration...
...measures would require banks to boost their capital base and put strict limits on the extent to which they would be able to leverage their balance sheets. They would also require banks to keep a portion of the loans they sell as asset-backed securities to ensure that they have a stake in what happens to those loans. Some regulators including Britain's Turner are calling for big financial institutions to have "living wills" that would enable their activities to be wound up in an orderly manner in the event they failed, thus avoiding the sort of panic caused...
...banks would drop by one-third. "It's out of the question to systematically increase layers of capital in the banks if there's no supplementary risk," says Ariane Obolensky, managing director of the French Banking Federation. But the tide is against such critics. As Stark of the ECB put it in a speech this month, "the simple statement that 'if banks are too big to fail, they are probably too big to exist' is a reasonable rule." The postcrisis financial system, he predicted, "will probably place greater emphasis on traditional banking activities, which tend to produce lower margins...