Word: anglo-saxon
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...think it was one of the dumbest and most inappropriate things I've seen ... I havemade unambiguously clear, in Anglo-Saxon prose, that it is not to ever happen again.' MICHAEL CHERTOFF, U.S. Homeland Security Secretary, blasting FEMA employees for staging a fake news conference about assisting the victims of the California wildfires...
...credit, Homeland Security Secretary Michael Chertoff lambasted FEMA after the story broke in the Washington Post several days later. "I think it was one of the dumbest and most inappropriate things I've seen since I've been in government," Chertoff said. "I have made unambiguously clear, in Anglo-Saxon prose, that it is not to ever happen again and there will be appropriate disciplinary action taken against those people who exhibited what I regard as extraordinarily poor judgment...
...Anglo-Saxon capitalism" is no longer an epithet in the Elysée. But the reality is, well, very French: leave the driving to the state. Let's have "national champions," such as the giant merger between two utilities, Gaz de France and its rival Suez - essentially a monopoly under government control. Sworn to competition, the E.U. won't like this. But Sarko has already attacked the independence of the European Central Bank, another pillar of the European construction...
Germany is still far from being a freewheeling economy. It remains suspicious of Anglo-Saxon finance, for example, and has been seeking to curb the power of hedge funds. There's also little sign of substantive change in the historic--some say hide-bound--system of labor relations, under which unions are represented on the supervisory boards of companies. Kenneth Rogoff, a Harvard professor and former International Monetary Fund economist, sees Germany's improved fortunes as being largely the result of the private sector finding ways to bypass continuing structural roadblocks in the economy. The recovery "has legs," he says...
Still, in a country where being called Anglo-Saxon is often an insult, Sarkozy is openly admiring of the ability of Britain and the U.S. to create jobs. He promises to deregulate France's labor market and lower the nearly 9% unemployment rate, one of the highest in Europe and almost double that of Britain's. During a May 2 debate with his Socialist opponent, Ségolène Royal, he lauded Britain--along with Ireland, Sweden and Denmark--for its success in combatting unemployment. That sort of attitude drew flak during the campaign--opponents tried to paint...