Word: architecting
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...much smaller Qwest to lease their networks to competitors at lower prices, rivals like AT&T and MCI are for the first time snapping up some of the most lucrative customers. "Now we have a real fight," says former Federal Communications Commission (FCC) chairman Reed Hundt, a key architect of the 1996 landmark legislation...
There's a Gerhard Schröder joke making the rounds in Germany that perfectly captures the hapless Chancellor's predicament. Schröder tries to console an unemployed architect, telling him, "If I weren't Chancellor, I'd be building houses." The irate architect shoots back: "If you weren't Chancellor, I'd be building houses, too." Barely two months after he won re-election by a wafer-thin margin, Schröder's handling of the country's sputtering economy has made him the most unpopular leader in postwar Germany. People feel betrayed and lied to by Schr...
...prompting national airline Lufthansa to say it was considering moving its program overseas, which would eliminate 500 jobs. The government will impose a flat 15% tax on capital gains from the sales of shares and houses, boost gasoline taxes and offer fewer subsidies for new home construction (hence the architect joke). At the same time, unemployment benefits will be cut by j6 billion next year. "These policies will push a country already stagnating into recession," says Norbert Walter, chief economist of Deutsche Bank. Support for Schröder's Social Democratic Party is so weak that the upper house...
...muttered. When there's breathing space between the bombings, Mitzna isn't so reserved. During an often nasty primary campaign, he cast himself as a provincial outsider who promised to "clean out the bullshit culture" of the Labor Party. He wants to bring back people like Yossi Beilin, an architect of the Oslo peace process who withdrew during Ben-Eliezer's reign. He welcomed warm remarks about his election from Arafat, who's utterly demonized by most Israelis now. Though he's married to a Bible teacher, he risked alienating religious voters by admitting that he doesn't believe...
Born into a working-class family on Turkey's Black Sea coast, Erdogan moved at age 13 to Istanbul, where he joined the youth wing of a party founded by Necmettin Erbakan, architect of Turkey's political Islamic movement. Erbakan, who later briefly became Prime Minister, saw in the tall young soccer fanatic an ambitious orator of considerable charm...