Word: alongism
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...been made of the fact that, as things are currently being planned by the Administration, the government will become the largest shareholder in GM and the UAW will be the largest shareholder in Chrysler. Why would taxpayers want to have a controlling interest in a large auto company along with the portfolio of investments that their elected officials have purchased for them at a number of big banks? The issue is a red herring. In the case of Chrysler and GM, federal money is going into the companies and has to be paid back if the restructuring of the American...
Boosting tourism, however, isn't merely about attracting foreign visitors: governments are also courting their own citizens. In China, local authorities have distributed domestic-travel coupons nationwide. In Wuhan, a city along the Yangtze River in central China, $146,000 worth of coupons were snatched up within 10 minutes at a promotional event, and the city has pledged more vouchers totalling $73 million. In Britain, it's estimated that 5 million more citizens will choose a "staycation" in the British Isles this year, rather than venturing to the pricey eurozone...
Barysch failed to state the main reason why Europe and Turkey will probably never get along. There are too few common elements linking them. Turkey can't be seriously considered European in terms of history, geography, culture, religion or politics. European countries share common historic, religious, political and legal values, such as the rule of law, freedom of speech and the outright ban on armed forces participating in any political activity. Unfortunately, these are of very little importance to Turkey. This country, whose strategic value has been vastly overestimated, continues to bully, demanding that the E.U. adapts to its unacceptably...
...Along with writing a memoir - something Bush has also begun in recent months - financing and building a suitable presidential library has been the initial focus of nearly every President who left the White House since Harry Truman. The historically fast pace of Bush's fundraising has been all the more remarkable for taking place during a period of economic contraction. "He's struck a very positive nerve among a lot of financial sources across the country," said J. French Hill, a Little Rock banker and major Bush campaign bundler who leads the fundraising effort in Arkansas...
...many Mexicans, meanwhile, concern has moved from health to the economy. The global financial crisis has already battered Mexico; now tourism, one of the nation's top three sources of income along with oil and migrant-worker remittances, stands to take a severe hit because of the epidemic scare. (See the top 5 swine...