Word: basely
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Georgia's government has called Tuesday's mutiny at a military base near Tbilisi part of a coup attempt orchestrated by Russia, but opponents of beleaguered President Mikheil Saakashvili accuse him of using the incident to crack down on mounting domestic opposition. Soldiers in tanks and armored personnel carriers raced to the base in Mukhrovani, 20 miles from the capital, to confront mutinous soldiers, about 500 of whom were arrested after the standoff ended peacefully...
...number of prominent American economists believe that the American economy has permanently lost its resilience and vitality. They believe that, for the first time in memory, America cannot rebuild itself after a severe economic cataclysm and that the business base of the country is not creative enough or elastic enough to come back to where it was just two years...
...government can no longer afford to pay for the buttressing or the electorate turns against the deficit that the spending programs build. The Administration's plan, which has been so heatedly debated, to save 3 million to 3.5 million jobs, will only be an elaborate trestle with its base set on limestone...
...which the country does not want to face. In doing so, the nation has to admit to itself that the millions of manufacturing jobs with high hourly wages, lifetime benefits, and a pension will not be part of the economy in the future. That is true. The U.S. manufacturing base cannot be competitive if it keeps the legacy benefits that unions like the UAW negotiated for their members in the years that Walter Reuther ran the union...
...week. Six hundred thousand people lost jobs last month, according to most estimates. Two and a half million people have lost work since the beginning of the year. A housing recovery cannot occur in the presence of the massive collapse in unemployment. The devastation of the potential home buying base is too great. Many of the people who lose jobs will also lose their houses and that increases the inventory of unsold homes...