Word: controllable
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Dates: during 2000-2009
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...Canadian experience with EFF reinforces the U.S. experience with TARP: government loses control of stimulus money once it falls into the hands of recipients. Obama needs to be realistic about what the "bad bank" can accomplish - namely relieving banks of some junk assets at considerable cost to the taxpayer. It won't jump-start consumer lending - at least not in the foreseeable future if the lesson of Prime Minister Stephen Harper's experience is anything...
...quarter shrank at an alarming annualized rate of 12.7%, Japan's worst showing since the 1974 oil shock. But instead of taking vigorous steps to counteract a worsening recession, Prime Minister Taro Aso is lurching from one embarrassing gaffe to the next, and seems in imminent danger of losing control of his Liberal Democratic Party (LDP) - and control of the government...
...next several months. The LDP has been Japan's ruling party for most of the past 50 years. But if deteriorating conditions force Aso to dissolve the Diet's lower house soon, an exasperated Japanese electorate could hand the DPJ enough seats in a general election to take control of the Diet and choose a new Prime Minister. Aso may not survive as the nation's chief long enough to suffer that humiliation, though. "There's no optimistic short-term scenario for Japan," says Gerald Curtis, professor of political science at Columbia University. Aso "is going to have to quit...
...British lost the battle to stabilize Basra and spent four years dealing with an increasingly chaotic province. Things changed for the better only after March 2008, when local units of the Iraqi army - trained by the Brits and in control of the region from September 2007 - launched an operation to disperse the militias. Now violence has been replaced by an uneasy calm, and with Britain preparing to withdraw all but a small rump of its 4,100 troops by May 31, Basra is daring to dream of peace. (See pictures of Basra back in business...
...have shown that abstinence-only education has done little to curb teen-pregnancy rates, despite the nearly $1 billion in federal funding that such programs have received since 2000. More than a third of all births in the U.S. are to single women, according to the Centers for Disease Control and Prevention. That an unwed teenage mother, the eldest daughter of a prominent politician, no less, can chat about the birds and the bees on national TV speaks volumes about changing attitudes--even if the young lady's message contradicts itself...