Word: baracks
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...past two years better than virtually anyone expected (including, truth be told, Beijing's own leadership), its top export markets are still weak, and that is fostering a powerful drive toward boosting domestic consumption. The country also feels threatened by calls - most prominently made by U.S. President Barack Obama - for the renminbi to better reflect market fundamentals. In the past, U.S. Treasury Secretary Timothy Geithner has outright accused China of manipulating the renminbi and most (though not all) economists believe that China's currency needs to rise versus the dollar. But at a moment when U.S. unemployment is close...
...democratically elected President of Haiti, I also signed legislation which essentially increased the penetration into Haiti of American rice and reduced Haiti's own rice production. I think it was a mistake." But the main focus of the former Presidents was not the past but the present. President Barack Obama appointed both Clinton and Bush to spearhead U.S. fundraising efforts for Haiti...
Europeans are gloating this week. The continent might be struggling with ballooning debts, a faltering euro and national strikes, but when the U.S. House voted in favor of President Barack Obama's health care bill Sunday night, March 21, Europeans seized the moment to thumb their noses at Americans and remind them that they've had pretty good health care for decades...
Iraqis are getting good at elections. On Sunday they went to the polls--for the fifth time since the fall of Saddam Hussein--to choose a new parliament despite election-day violence that killed 38. U.S. President Barack Obama congratulated Iraqis for voting "with enthusiasm and optimism." But running elections is one thing; running Iraq is another. The general election of 2005 empowered ethnic and sectarian leaders who proved incapable of compromise and took the country to the brink of civil war. The surge of U.S. troops in 2007 bought just enough security and time to give democracy one more...
...This reality has triggered a nearly convulsive political response, given that elections are won and lost over the state of the economy and the mind-set of wage earners. That's why President Barack Obama, in his State of the Union address, called jobs his "No. 1 focus" and proposed repurposing bank-bailout money to lend more to small businesses, which would then, presumably, generate jobs. On March 17, Congress passed a job-creation bill that includes, among other things, an estimated $13 billion worth of tax incentives to coax companies into adding to their payrolls. (See 10 perfect jobs...