Word: stringent
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...main vehicle the government has used to assist banks. Warren has said she wants Pandit to delineate how he plans to fully pay back taxpayers. A spokesperson for Warren says she has no plans to press Treasury on why Citi was allowed out of the government's most stringent pay restrictions...
...December, Citi and the feds struck a deal to get the bank out from under the government's most stringent pay rules. Citi paid back $20 billion of the money the government lent the bank, and the Treasury Department agreed to declassify Citi as one of the firms deemed to be receiving "exceptional financial assistance." (See the best business deals...
...receiving exceptional aid from the government would be subject to a pay czar. The office, later filled by high-profile lawyer Kenneth Feinberg, has the ability to set compensation for the 25 highest-paid employees at those firms. Other firms receiving government assistance are subject to much less stringent pay rules. (See pictures of TIME's Wall Street covers...
Abroad, though, is also where UPS faces some of its biggest risk. Increasingly stringent environmental laws and rising costs for Asian labor and raw materials all make this business vulnerable. An even more immediate concern is the possibility of government-imposed tariffs or border restrictions. "Global trade is going to lead this recovery," Davis says. "I get on my bully pulpit against anything that could impede...
...India's environment ministry had to take back a proposed bill on coastal management after villagers protested that a change to the legislation would disrupt coastal ecology and the livelihoods of local fishing communities. India's health ministry is currently reworking legislation on human clinical trials to introduce more stringent punishment for offences. That follows concerns that Indian research firms were cutting corners and risking subjects' health and lives in their hurry to attract international drug firms. And lobby groups and non-governmental organizations have been pressing the government to introduce new rules on electronic waste, ever larger quantities...