Word: demanding
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Dates: during 2000-2009
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...that he feels your pain - to a point. A bedroom community of Perth, Western Australia, Cockburn until recently shared in the buoyant growth rates that turned this part of the southern continent into a giant construction zone. No more. As Australia's great mining boom deflated due to slackening demand from China and the global recession, the region around Cockburn saw unemployment go from 2.1% last October to 7.2% in April. Roughly a year and a half after his victory over longtime conservative Prime Minister John Howard, Rudd dutifully rattles through what his Labor Party will do for this hurting...
...trading does not need to be regulated so much as monitored. We can assume that corruption exists, but the government does not yet understand the business; officials only recently even admitted that the price does not reflect supply and demand. If we dig deeper, we might find the foreign oil suppliers themselves, posing as speculators, to be the true villains. And deeper still, we will certainly find that the very system is flawed: in a world where hedging against high prices fulfills its own prophecy, we can be sure that prices will never be stable...
...shut down. There's all this capacity in the production of cars, but there isn't a market that can absorb all that these firms are prepared to produce. If jobs are lost, then jobs are lost because these are firms that cannot exist, because there is insufficient market demand for their product. And if there is no such market demand, they should not be allowed to exist. Let the market decide if these firms deserve to exist. Government should not be the one who's the arbiter...
...Obama is to succeed with his domestic-policy agenda, he needs to convince people that action is necessary on these abstruse issues. He is going to have to demand clear, comprehensible solutions from Congress, and he is going to have to admit what most civilians know in their gut: that a price must be paid for a better, more secure health-care system and action on climate change. This will be easier with the more immediate issue, health-insurance reform. There are compromises that can be made - and Obama should admit that John McCain's plan to tax employer-provided...
...that Chinalco - Beijing's largest state-owned aluminum company - had offered Rio late last year, when prices for the commodities it mines had hit rock bottom as the global recession took hold. Since then, prices for iron ore and other commodities have rebounded, in no small part because of demand from China, which is in the midst of a huge, government-led investment spree to combat the recession. Rio spurned Chinalco, did a joint venture with international competitor BHP Billiton, and announced a rights issue to raise capital. (See pictures of China's infrastructure boom...