Word: baracks
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...probably headed toward what in 1990s Japan became known as the ZIRP: zero-interest-rate policy. The Fed funds rate is already down to 1%, and the economy is still sinking. Rates have nowhere to go but down - all the way to zero. And by the time President-elect Barack Obama takes office in January, it's likely the U.S. will be debating what sort of tax relief to individuals and businesses might be best - mimicking policy discussions that are already occurring along the same lines in Europe and Asia...
...spark” citizens to participate and pressure politicians to act.In the spring, McKibben spearheaded 1,400 simultaneous demonstrations across the country advocating that the new White House commit to an 80 percent reduction of greenhouse gas emissions by 2050—a promise that President-Elect Barack Obama reaffirmed on Tuesday that he will uphold.McKibben’s newest initiative stems from research by NASA’s top climate scientist, James E. Hansen, that carbon dioxide levels should be limited to 350 parts per million (ppm) in order to ensure a climate agreeable to civilization. That calls...
...great loss and gain in the political arena; Hoy had to leave the country when many lives were lost to the horrendous violence that ensued after President Mwai Kibaki was reelected in June of 2007. But the Luo, who are infinitely proud of their descendant—President-elect Barack Obama—gained confidence in the potential for progressive social change.But social change will not necessarily leave Luo pottery behind, according to Blier. Though this pottery tradition now holds a precarious position in the face of globalization, the strong tie between form and social function that Hoy experienced while...
Conventional wisdom in Washington holds that President-elect Barack Obama will soon invite current Defense Secretary Robert Gates to extend his stay in the Pentagon. Conventional it may be, but not necessarily wise, says Lawrence Korb, who served as a senior Pentagon official in the Reagan Administration and is currently a defense expert at the Center for American Progress. "It has more minuses than pluses," says Korb about the idea to keep Gates in place. "If President Obama wants to make any dramatic changes in the Pentagon, he's going to have to do them in his first year...
...challenging and unseating a committee chairman known as "the Truck," California Congressman Henry Waxman has succeeded in the kind of power sortie that happens only once every few decades in Congress - and put himself in a position where he will help determine the fate of much of Barack Obama's domestic agenda...