In the last month, there has been a lot of talk about whether American presidents face a second-term curse. It’s not clear that such a thing exists, but any second- term president is likely to have to deal with some real or apparent scandals. The reason isn’t arrogance, distraction or hubris. It’s a matter of arithmetic.
There is no standard definition of the all-important term “wing nut,” so let’s provide one. A wing nut is someone who has a dogmatic commitment to an extreme political view (“wing”) that is false and at least a bit crazy (“nut”).
Almost three years ago, when Goldman Sachs Group Inc. paid $550 million to settle fraud accusations by the Securities and Exchange Commission, one of the claims was that Goldman misled the bond-insurer ACA Financial Guaranty Corp. in a horribly complex deal named Abacus.
Elite universities recognize online courses as a way to educate the masses. Harvard and the Massachusetts Institute of Technology teamed up to introduce the nonprofit edX in May 2012, and Stanford, Princeton, University of Pennsylvania and University of Michigan were quick to sign on to Coursera Inc., a for-profit platform, which now offers more than 300 free courses.
President Barack Obama asked his nominees for Commerce secretary and trade ambassador to revive U.S. export growth as the administration’s goal of doubling overseas sales by the end of next year slips out of reach.
President Barack Obama is close to choosing Mike Froman, currently the deputy national security adviser for international economics, as U.S. Trade Representative, according to two people familiar with the matter.