Word: bankes
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Dates: during 2000-2009
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...propose any new government spending. Obama wants to spend more than McCain, so he has to work harder to prove his reform chops. Indeed, Obama has tacitly acknowledged the prevailing skepticism by building accountability into some of his policy proposals. Galston and Kamarck like Obama's proposed Infrastructure Reinvestment Bank "because it would take specific ... decisions [like the 'Bridge to Nowhere'] out of the hands of politicians" and put them under the control of an independent five-member panel, similar to the Federal Reserve Board...
...Obama's Infrastructure Bank illustrates two other principles that could work to the next President's advantage. First, at a cost of $6 billion per year, it is less than 1/100th the size of the proposed financial bailout - a lot of programs that used to sound big seem like peanuts now. Second, it is a program that would create jobs and strengthen the economy. The next President will have to argue that any new policy program will be an investment in economic growth. Given the budgetary realities, it will be easier to get money through Congress for energy programs that...
...certain age. "Our generation grew up on the Beatles culture, but we didn't feel a part of it," says historian Tom Segev. "We missed out on the '68 revolution. All of our energies were consumed by the Six Day War and the army's occupation of the West Bank...
...pariah-state image - a tangible symbol of being welcomed back into the global community. Second, removal held out at least the prospect, down the road, of some economic benefits. A spot on Washington's terror list scares off the world's multilateral lending institutions - including the IMF, World Bank and Asia Development Bank - from even considering aid programs given that the U.S. is their largest contributor...
...With WFP as a guaranteed client, many poor farmers will be eligible for credit with which to buy seeds and fertilizer, and perhaps employ people to help harvest the crops. "Once a farmer's group wins a contract they can take it to a local bank," says Rajiv Shah, director of agricultural programs for the Bill and Melinda Gates Foundation. "They can show that not only do they have the means to produce but a market to sell it." Gates told reporters on Wednesday that he aimed to "transform the way small holders are able to get to market...