Word: avoider
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...avoid unrest, leaders cannot blindly adopt draconian anti-inflation measures. That's because they risk public backlash if they overreact to the inflation threat and kill economic growth in the process. Developing nations need to grow quickly to create jobs and increase incomes for their large populations. Asians from India to South Korea have come to expect high growth as almost a God-given right, and in an increasingly democratized region, voters won't hesitate to toss out of office any politician who doesn't deliver the goods...
...patience is key in this capital-intensive business. AAR would like a faster return. Both sides might have done better, in fact, if one had taken overall control. Indeed, Putin recently recalled warning BP in 2003 to "agree to one of you having a controlling stake" in order to avoid "frictions over who is the boss...
Publicly, AAR's list of grievances is long. It claims, among other things, that TNK-BP operates too much like a BP subsidiary, resisting expansion beyond Russia to avoid stepping on the British firm's toes. Instead, the Russians want an independent CEO, and a culling of BP staff seconded to the Russian venture. AAR, led by Mikhail Fridman, TNK-BP's chairman, has even threatened legal action after its calls for more influence came to nothing...
...crazy talk, in fact, is mostly theater. U.S. and Iranian flashpoints in Iraq and the Persian Gulf have been quiet recently, as both sides have been careful to avoid a sustained clash that could escalate into outright conflict. And Iran showed no new military capabilities with the tests. At the same time, diplomacy is deadlocked as Iran takes advantage of soaring oil prices to trump U.N sanctions, while the U.S. sticks to its insistence that Iran suspend its uranium enrichment program before Washington will hold negotiations. European efforts to end the impasse have so far served largely as a convenient...
...pragmatist who saw the world as infinitely nuanced. Much of this, I believe, came from living as a black man under an apartheid system that offered a daily regimen of excruciating and debilitating moral choices: Do I defer to the white boss to get the job I want and avoid a punishment? Do I carry my pass...