Word: actionable
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Basic macroeconomics teaches that fiscal and monetary policy are related; therefore, governments and central banks must sometimes be able to take wide-ranging action on both during crises. As George Soros wrote in the Financial Times on Monday, “When the financial system is in danger of collapsing, the central bank can provide liquidity, but only a Treasury can deal with problems of solvency.” Europe is now experiencing an unfortunate situation where member countries can create unsustainable deficits or be home to failing financial systems and for this reason place the entire economic system...
...politically active on the Right, Spring Break came early. Last weekend, over ten thousand conservatives descended on Washington, D.C. for the annual Conservative Political Action Conference. They packed the capital’s largest hotel complex for the most scrutinized political gathering in a non-convention year. For three days a who’s-who line up of conservative Republicans and not-so-unannounced 2012 primary contenders rallied the largely college-aged crowd...
...list of 34 Pakistanis wanted for various terrorist attacks in India. The dossiers and Rao's language - she talked about "unhindered activities of organizations such as Lashkar-e-Taiba, Jamaat-ud-Dawa, Hizb-ul-Mujahideen, etc., from Pakistani territory" - are clear signs that India is looking for concrete action from Pakistan on terrorism, and not just promises. (See pictures of a jihadist's journey...
...Foreign Minister Katsuya Okada and his Australian counterpart Stephen Smith held a pre-scheduled meeting in Perth. "We were able to confirm that the Australia-Japan relationship has gone beyond that of economic complementarity and is now a strategic partnership," Okada told reporters after the meeting. "Should court action become a reality, then Japan will seek to represent its case to the IWC, supporting the fact that its activities are legal and within the convention...
...meantime, for many in Australia, even if Japan does end its whaling program in November (which history would suggest that it won't) that's still too long to wait for any decisive action. "Australia should seek an injunction to stop current whaling while the International Court of Justice determines the matter," Bob Brown, the leader of the Australian Greens Party, said in a statement. Watson, who was named by The Guardian in 2008 as one of 50 people that could save the planet, agrees. "It's as if the Australian government has told a bunch of bank robbers, 'Look...