Word: risks
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...regulators, but they only detail a portion of their efforts. The Federal Deposit Insurance Corp., which also gets to weigh in on whether banks' plans are adequate, has been pushing for management changes at some of the banks. Last week, Bank of America was forced to replace its chief risk officer and four of its board members. Reportedly, the FDIC would like Citigroup to dump its chief executive Vikram Pandit. So far, members of the Citi board of directors have said they have no plans to replace Pandit. (Read "Has Wells Fargo Stock...
...Life of the Grand Old Party Your story on the GOP's risk of extinction squarely addresses the Republicans' problems of connecting with voters but neglects to address the fact that, save Barack Obama, the Democrats are not in any better shape [May 18]. Remove the highly popular President from the Democratic equation, and that party, as evidenced by the previous Congress's approval ratings, is even less popular than George W. Bush. For all the cataclysmic talk about the GOP, the Democrats are one person away from being in the same boat. Constantinos Scaros, Cliffside Park...
...ideas. So far the only evidence of the shift is in consultant surveys like Ferreira's. In Beijing, though, the downturn has brought its own attitude adjustment. "The Chinese response is 'We are too coupled to the American economy,'" says Ian Bremmer, president of the Eurasia Group, a political-risk consulting firm. That has led to more domestic spending by the government and attempts to boost Chinese consumers' spending. True, neither is necessarily bad news for foreign firms. It has, however, also meant an increasing reluctance to let U.S. companies call the shots in China. The most visible evidence...
...vital, lifesaving information. The worst-case scenario is often depicted in movies and TV series like 24: a captured terrorist knows where and when a bomb will go off (in a mall, in a school, on Capitol Hill), and his interrogators must make him talk at once or else risk thousands of innocent lives. It's not just fervid screenwriters who believe that such a scenario calls for the use of brute force. In 2002, Richard Posner, a Court of Appeals judge in Chicago and one of the most respected legal authorities in the U.S., wrote in the New Republic...
...senior partner decided they could do a valuable public service by putting them on display. In today's troubled economic times, the role of the appointment-only museum is arguably growing in importance as consumers worldwide become desperate for bargains. Security experts with the Hong Kong-based consultancy Asia Risk recently estimated that international trade in counterfeit goods could rise to nearly $1 trillion in 2009. The business has long exceeded the value of the global narcotics trade...