Or it could reflect the lender's contribution to systemic risk, based on its size, complexity and the extent of its connections to other financial firms.How such a penalty would fit with broader capital reforms is unclear.
But the statistics get more competitive when you look at two areas where Mr Bush has spent capital: reforming education and strengthening Texas's economy.In education, the figures back Mr Bush's claim that Texas has both improved its standards in general and narrowed the achievement gap between white and non-white students.
After taking a loss from its investment in the Blackstone Group, generating a backlash at home, Central Huijin Investment, the investment arm of China's central bank, has decided it may be on safer ground investing $60 billion domestically in planned capital reforms by the Agricultural Bank of China and China Development Bank.
But it is unlikely to take on the fiscal and SOE reforms that are necessary to redress the gross misallocation of capital.Fiscal reform is difficult because it requires the central and local governments to renegotiate the division of revenues and responsibilities, says Shen Jianguang of Mizuho, a Japanese bank.
So the idea that he's going to expend real political capital to reform the drug war is absurd.
And they are temporary, issued to protect an applicant's privacy pending a full hearing.In this section The one-year itch Free speech v private life Low bounce Sea change Guns and roses Value for money The thinking capital ReprintsSome reform is clearly needed, and a committee of legal brains convened by a top judge will report shortly.
Whether through KickStart's low-cost irrigation pumps, capital education reform pioneered by One Laptop Per Child (OLPC), the work of Question Box to provide easy-access information or even the pioneering use of mobile technology by large corporations, such as Vodafone and Thomson Reuters, technology is helping to challenge the status quo for the poor.
Some scholars believe that the spillover effects between these two markets would become progressively significant with increasing capital market reform and the continuous development of financial liberalization.
Managing partner Scott Kupor of Andreessen Horowitz is also a fan of the idea, saying that as "part of broader capital markets reform to better align the long-term interests of shareholders and management teams, tenure-based voting would be far more amenable as a solution than the more blunt-force application of dual stock".
