Word: control
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...anytime soon, and those jitters apply doubly to financial institutions. Moreover, during the past two decades Citi has made some hundred acquisitions, leaving a sprawling company that can be incredibly difficult to understand. "The market lost confidence that Citigroup, which is such a vast organization, had it all under control," says NYU's Smith. "The question is, Does this intervention restore confidence to a market where we're dealing with psychology and not analytics?" In this environment, it probably pays for the government to keep its checkbook handy...
...Similarly, many new leaders of the developing nations that emerged from colonial empires in the mid-20th century believed their poverty was rooted in free markets and leaned toward state control. In India, for example, Jawaharlal Nehru, its first Prime Minister, saw imperialism as an outgrowth of free capitalism; only the state, he figured, could be entrusted to improve the livelihoods of the poor. The result was the bizarre License Raj, a bewildering maze of regulation that hamstrung private enterprise. By 1990, the system had produced outdated, uncompetitive companies and a near bankrupt government. India only started to boom once...
...others - with a renewal of confidence in the free market. Henry Paulson and some other officials in the Administration and Congress are right to at least be wary of further extensions of the state in the economy, such as the proposed bailouts of the Big Three. Regulation and state control may seem attractive at a time of crisis, but eventually it creates problems of its own, and people will crave the economic freedom they surrendered. Eventually, even nationalistic Chinese bloggers will figure that...
...annual report, which was produced by the American Cancer Society, the Centers for Disease Control and Prevention and the National Cancer Institute, also underscores the value of screening. Doctors currently have good tests - such as PSA tests, mammograms and colonoscopies - for detecting lung, prostate, breast and colorectal cancers. The death rates for these diseases have dropped, according to recent data. Meanwhile, mortality for liver, esophageal and pancreatic cancers have risen in many populations - and it is probably no coincidence that regular, reliable tests for those conditions don't exist...
There's another political motivation behind their support of al-Maliki and the SOFA. The agreement is opposed by the Iraqi Islamic Party (IIP), the Sunni party loathed by the sheiks. The IIP won control of the Anbar provincial government in the last election, when most of the sheiks boycotted the vote. Now the chieftains want to supplant the IIP as the main voice of Iraq's Sunnis. Backing the SOFA and al-Maliki allows them to distinguish themselves from the IIP. The sheiks, in short, are playing democratic politics...