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...been there two years before, on his previous Iraq trip--same gym, same base. We walked in, not sure what to expect, and the gym was packed. He sort of teed up the basketball, and it was in the air, and I thought there's no way this is going in. And the next thing you know--swish!--and the whole place just went crazy. He came over to me and just sort of smiled, and he said, "I knew I was going to make it." Mark Lippert, Obama's top foreign-affairs staffer in the Senate...
What is the future of risk? In the short term, an era of risk aversion is sure to continue, as financial outfits, gripped by the fear that something more will go wrong--loans not paid back, a company on the other side of a trade going bust--pull back on everything from the creation of complex securities to credit-card limits...
...most high-profile attempt has been the Treasury Department's requirement that banks participating in its recapitalization program make sure senior executives' pay doesn't entice them to take "unnecessary and excessive risks that threaten the value of the financial institution." What exactly that means, though, has been lobbed back to directors. And technically they've always had a duty to step in the way of anything that threatened their company's value. In fact, companies long ago thought they had figured out a way to shepherd individual interest. "Everyone thought risk-based compensation was equity in the firm," says...
...sure Richard Corliss and I watched the same movie [Nov. 3]. Oliver Stone most certainly did have a point of view in filming W., his slice-of-life depiction of George W. Bush. The genius of Stone is that he can duplicate the emotions in the movie theater that we all feel in real life: confounded disbelief that a person like Dubya could ever become the President of the United States. Bush is perhaps the worst President we have ever had or, hopefully, will ever have. The first election, in 2000, was engineered, jockeyed and ultimately stolen. The second...
...want to make sure our members feel comfortable being Republicans on campus,” Motley said...