Word: constructionism
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Like the knee-jerk decision to dismantle the Iraqi army, the U.S. decision in 2003 to ban members of the former ruling Baath Party from joining the new Iraqi government was one of the biggest blunders of the early American occupation of post-Saddam Hussein Iraq. It instantly alienated an...
I went back to Sichuan six months after the catastrophe and was amazed at the speed of physical and economic recovery. In Dujiangyan, the largest city in the quake zone, the rubble and tent cities had disappeared. The jumble of debris was replaced by piles of new bricks, lumber and...
With such speedy reconstruction, there are obviously questions about the quality of building. At the same time, there has been an intense focus on controlling graft. Despite allegations that corruption led to the shoddy construction of schools in the first place, China hasn't punished anyone for any wrongdoing that...
The other big difference is that while most residential mortgages are chopped into securities and sold, the bulk of commercial mortgages - and virtually all land and construction loans - stay on banks' books. Banks have leeway to delay recognizing losses on these loans - that is, they don't have to "mark...
Despite more than a dozen international conventions banning slavery in the past 150 years, there are more slaves today than at any point in human history. Slaves are those forced to perform services for no pay beyond subsistence and for the profit of others who hold them through fraud and...