Word: alongism
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Dates: during 2000-2009
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...next step, both sides must take a leap of faith. It's great that Beijing and Ma get along, but Ma won't be around forever, perhaps not even for long - he has taken a hit at home over the hurting economy and, more recently, over his government's less-than-stellar Morakot relief efforts. While Beijing has a big stake in Ma's political survival, it should start looking beyond the current President and the KMT and build bridges certainly to moderate DPP politicians. After all, the party could come back to power. As for those in Taiwan...
...shortfall. With a lot of help from the late-1990s tech boom, it succeeded. As already noted, this deficit-fighting consensus disintegrated in the early Bush years. This time around, China joined Japan as a big buyer of Treasuries, interest rates stayed low, and the economy chugged along...
...Duncan counters that he is merely breaking down walls--borrowing a little bit from the left, a little bit from the right. "I just want to do what works," says Duncan, who is planning a multicity listening tour with Newt Gingrich and Al Sharpton. "There are great ideas everywhere along the political spectrum, and there are terrible ideas. But that's never how I've viewed the world. I view it in terms of, What's good for the kids at 46th and Greenwood...
...Cambridge isn't one of those places: or at least, not the stretch of brick sidewalk between FlyBy's lair on Plympton Street and the stately Sheraton Commander, where we were due to have our first date with the nation's economic destinymakers. Wearing shirts and ties and walking along Garden Street beside a be-suited Industry Expert, retained specially by FlyBy for the event, our blogging correspondents found themselves subject to the once-over of a slick-looking Asian man wearing a shoulder bag, who raised his eyebrows in knowing recognition...
...braced by a promise of anonymity and by an immutable love for the financial services industry, the Expert was retained, and did deliver the skinny on Blackstone during the brisk walk along Garden Street. Private equity, buying up huge amounts of debt, emerging out of the debt bubble, etc., etc. We can't claim to have understood the whole thing. But the bottom line? "Blackstone sort of represents the thing that caused the financial crisis," the Expert told...