Word: 1990s
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Dates: during 2000-2009
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Larry Summers, now the top economic adviser in the Obama White House, was a proponent of such taxes in the 1980s and early 1990s. There's no hint of them in the Administration's 88-page white paper on financial regulation. There is talk of higher capital requirements, tougher consumer-protection standards and new rules for derivatives. But taken as a whole, the document sketches a regulatory approach that still relies heavily on judgment and smarts. Maybe it's time for some dumbing down...
...same time, the State Department sanctioned Namchongang Trading Company, based in Pyongyang, for being involved in the purchase of aluminum tubes and other equipment "specifically suitable for a uranium enrichment program since the late 1990s." The State Department believes the company may also have been involved in assisting Syria to build a covert nuclear reactor - one that Israel ultimately destroyed in September...
Sweet, who once served as a special projects officer with the National Security Agency, has been hopping between employers and even countries for much of his professional life. After serving as a nuclear submarine officer on the USS Georgia in the 1990s, Sweet opted for finance over an offer to teach at the Naval Academy, according to his mother Carolyn Sweet...
Pyongyang has taken an equally self-destructive position on food aid. Thanks to bad floods in 2007, food shortages last year were likely the worst experienced since the 1990s. The World Food Program (WFP) says it has launched a program to feed 6.2 million people in North Korea, or more than a quarter of the population. Yet in March, North Korea, without explanation, rejected all food aid from the United States, its largest official donor, and kicked five aid groups distributing the food out of the country. The step is potentially disastrous for the North Korean people. The WFP figures...
After severe famines killed perhaps 1 million people in the mid-1990s, the government tolerated a limited amount of market reform, including the proliferation of farmers' markets and the tilling of private plots. But in 2005, Pyongyang reversed course and began re-establishing the state's dominance over food distribution. Officials have even slapped new restrictions on the operation of marketplaces in recent years. (See pictures of Kim Jong...