Word: stake
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Dates: during 2000-2009
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...allies have the perseverance it will take to make Afghanistan a viable state. The alternative, however, is regional instability that will violently challenge the West for decades. Wouldn't it be preferable to stick to our task and improve our methods - for example give the locals more of a stake as the author suggested - than to leave and relinquish our gains? Nancy Schimkat, WEINHEIM, GERMANY...
...Some of the answers are technical. Regulatory oversight, almost everyone agrees, needs to be beefed up. There's also an emerging consensus on the need for banks to hold more capital and for their appetite for risk to be curtailed. But bigger issues are at stake too, ones that are more political and philosophical in nature: Should any bank be too big to fail? What should be done with financial activities that seem purely speculative and of questionable social use? How can the short-term, get-rich-quick mentality that drove so much market activity before the crash - and inflated...
...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 by the bankruptcy...
...that a hasty withdrawal would spell disaster for Afghanistan, neighboring Pakistan and for their own countries. French Defense Minister Hervé Morin has warned of "absolute chaos" if France pulled out and opened the door to a rush of other withdrawals. "When the security of our country is at stake," said British Prime Minister Gordon Brown in a speech earlier this month, "we cannot walk away...
...exaggerated and negative version of itself. We see some of that in our culture today. It's been a long and fraught summer in the political realm, and the hope for bipartisan harmony now seems like a naive fantasy. Each side, to quote Hofstadter, claims that what is at stake is "always a conflict about absolute good and absolute evil...