Word: centralism
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...banks, which have only just emerged from their own decade-long debt crisis, are infusing money into distressed companies such as Morgan Stanley. Japan Inc. is going on another of its famous investment sprees abroad, opening factories and representative offices across Africa and Asia. In October, the country's central bank even offered part of its nearly $1 trillion in reserves to financially strapped nations like Iceland. In November, Japan also expressed willingness to lend up to $100 billion to the International Monetary Fund. But it isn't just money that's being spread around. "Because Japan's financial system...
...other industries would be catastrophic: It is estimated that the collapse of General Motors, which is the closest of the Big Three to bankruptcy, would result in 2.5 million jobs losses, not only among GM employees, but also among parts suppliers, some of which would also fail. Given the centrality of the auto industry to the American economy, its failure could have unpredictable and wide-ranging repercussions. Rather than letting the auto companies fall victim to the free market, Congress needs to intervene by providing the capital they need to improve the industry in the long run. However, Congress should...
...fears that the movement is positively anti-democratic. In addition to being in poor taste, the aggressive reaction to Prop 8 will ultimately prove self-destructive. As recent history has shown us, popular opinion on the gay marriage front is fluctuating, and it will likely be a central issue in the next election as gay rights supporters seek to overturn marriage bans...
...commando raids on pirate vessels and the ports they use would stymie the buccaneers. "We know where these guys live and where their ships and boats operate from - it'd be a simple mission to take them out," says Anthony Zinni, a retired Marine general who ran U.S. Central Command and remains a frequent visitor to the region. "There was talk of the U.S. military doing some kind of mission - the Navy would love to do it - but there's no stomach for it right now." (See pictures of modern-day pirates...
...choice that Tibetans are facing isn't a simple fork in the road between seeking independence or seeking autonomy. That's clear from looking at the people expected to play a key role in the talks, which are closed to the public. The central voices of the Tibetan establishment include Lodi Gyari, the Dalai Lama's envoy to Washington and chief negotiator with the Chinese, and Prime Minister Samdhong Rinpoche, who is also seen as a conservative force, along with several Cabinet ministers. Those pushing for radical change include the Tibetan Youth Congress, which is vocal and visible...