Word: dependence
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Dates: during 2000-2009
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...with, and the war has made it worse. People have been grumbling that the government sold off its telecommunications company, but all the money from that privatization has now gone to the war effort. So the country is in a bad way economically, and cementing any peace may depend in large part on a package of economic...
...herself the more lofty role of "Mother Mega," soothing and caring for Indonesians who feel abandoned by the state. Millions of Indonesians have looked to her in precisely those terms. Now that she is their president, the Sukarno mythology won't be enough - her political survival now will depend on political skills she has not yet revealed...
...Even if technology took off again in the U.S., lack of reform is likely to keep growth rates in much of Asia slow for a long time. How long could depend on the one country in the neighborhood that is not in bad shape: China. The forecasts for China's future are a bit like harried traffic cops on Shanghai's streets pointing in two directions at the same time. The nation is not nearly as vulnerable to export slumps because its own consumers are spending like mad on everything from cars to vacations at Angkor Wat. That could well...
...Getting that sort of rise out of the market?or from Japanese consumers?today would take a little magic. What's certain is that Koizumi cannot depend on the smoke and mirrors favored by his predecessors. For most of the past decade, Japan has stuck like rust to its failed formula for growth, shoveling public funds into ludicrous projects like unneeded dams and highways to nowhere. Not only did the government tap tax revenues for these projects, but also pensions and the $10 trillion in personal savings kept in accounts at the post office. Japanese have had enough of that...
...This may not be a great time to be touting the virtues of the stock market. Employees who depend on 401K's for much of their retirement have seen that nest eggs dramatically shrink this year because of the current bear market. Privatization critics also dispute the conventional wisdom that Social Security provides a low rate of return. It's not just a retirement program, they contend, but an insurance and disability program as well, and when you factor in all those potential long-term benefits, Social Security is a package few Wall Street houses could match...