Word: clout
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...considered it an asset. Yet O'Neill's stint has been rocky from the start. His penchant for making off-the-cuff quips on everything from Argentina's economic collapse to the merits of a strong dollar has roiled markets around the world and cost him the limited clout he had on the Street. "It's not that he's bad, and it's not that he's dumb," says a New York banker who attended a meeting with O'Neill last week. "It's just that he has no gravitas. And once you lose...
...clout of local autocrats is undermining Beijing's highest-priority reforms. A Shanghai-based executive for a European sporting-goods company dismisses the notion that China's entry into the World Trade Organization (WTO) will eliminate trade barriers. Even after the WTO agreement kicks in, his company will still have to pay an amount double the current national import tariff to ship his sneakers from Shanghai to the central city of Chongqing, because of protectionist fees imposed by provincial governments. Earlier this year, a U.S. automaker discovered that sending a sedan from Shanghai to northern Ningxia province is more expensive...
...considered it an asset. Yet O'Neill's stint has been rocky from the start. His penchant for making off-the-cuff quips on everything from Argentina's economic collapse to the merits of a strong dollar has roiled markets around the world and cost him the limited clout he had on the Street. "It's not that he's bad, and it's not that he's dumb," says a New York banker who attended a meeting with O'Neill last week. "It's just that he has no gravitas. And once you lose...
...Because of its size and clout in the Arab world, Saudi Arabia is capable of playing a role in the Middle East peace process. President Bush consults regularly with Crown Prince Abdullah, the de facto Saudi ruler, on the Israeli-Palestinian conflict, but the Saudis' influence is limited. Though Abdullah has dangled normalized relations with Israel in exchange for a Palestinian state, only Washington has the credibility to drag the two sides to the negotiating table...
Haitian Creole is not a language with much clout worldwide. But its very remoteness is what makes learning to speak it so imperative to a number of Harvard students...