Word: addo
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...Ghana A Peaceful Presidential Runoff In a rare democratic triumph on the African continent, Ghana's Dec. 7 presidential vote was hailed by election monitors for being fair and transparent--even if it didn't produce a result. Neither the ruling party's Nana Akufo-Addo nor opposition candidate John Atta Mills received more than 50% of some 8 million votes cast, meaning a runoff will be held on Dec. 28. Ghana, widely seen as one of Africa's most stable and prosperous nations, has experienced massive economic growth in the past decade. Atta had campaigned on a platform...
...year as opposed to 3.7% in 2002, and inflation has fallen from 32.9% to 10.7% in the same period. A consensus has developed on the big questions such as liberal economics, and efforts to alleviate poverty. Regardless of who replaces Kufuor out of the two leading candidates - Nana Akufo-Addo, 62, from Kufuor's ruling New Patriotic Party, and John Atta Mills, 62, of the National Democratic Congress are neck and neck in the race, according to opinion polls - neither is expected to initiate radical change...
Perhaps most importantly, both candidates have put forward plans to safeguard the expected billions of dollars in oil revenues which should start to flow into the country's coffers after 2010. In October, Akufo-Addo said he planned to set up an "oil fund" to invest revenues in developing the country's education, health-care and basic infrastructure. Mills went further, calling for the formation of an "independent authority which will account for the oil resource." "We don't want it to be a curse," he said. That curse, or resource curse, as economists call it, describes a tendency...
Some industry experts thought that Smith was justified in driving Perot away. Said Bernard Addo, an auto analyst for Manhattan's Argus Research: Perot may have been a skillful entrepreneur, but entrepreneurship and team management are two different things. Perot was hurting GM's stock by publicly bashing the company's management." Other observers were appalled at the buyout. GM officials got rid of Perot, contended Mary Anne Devanna, director of research at the Columbia Business School Management Institute, "to protect their own hides. Their careers, big bonuses and fancy perks all depend on maintaining the status...
...Before the team left Mogadishu, the country's new president, Sadiqassim Salad Hassan, told Addo, "I'm just elected. I have nothing, I can give you nothing but I wish you all the best." The Somalis, and all the other tiny teams, deserve at least that much...