Word: effective
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...Gambling was meant to bring development to this sleepy former Portuguese colony - and it has. Between 2004 and 2006, $3.3 billion of foreign direct investment flowed into the territory, and the effect on this city of just 540,000 people can be likened to filling a teacup with a fire hose. Since 2003, GDP per capita has doubled, wages have risen by two-thirds and the unemployment rate has fallen by half. The economy grew 27% in 2007 alone...
...with natives for plum jobs. Transportation systems have been taxed to breaking point by the 27 million tourists who visited last year. Calls for change have forced the government to scramble to appease a disgruntled public. "The gaming industry has been infiltrating into the community and creating a negative effect on the people," says Larry So, an associate professor of social work at the Macau Polytechnic Institute. "Now a lot of people in the lower middle class are saying, 'We are not satisfied...
This has advocates like Michael Stoops, the acting executive director of the National Coalition for the Homeless, saying that the rosy numbers are being produced in part for political effect in an election year. "It's kind of premature to say that there's less homeless people now because of all the great things that HUD and the Bush Administration are doing," he says. "Our grass-roots networks around the country haven't seen this kind of difference...
...some cases by significant amounts, through increases in taxes on capital gains, dividends and regular income. But Obama has also proposed a whole range of tax cuts, for poor seniors, working people, homeowners and parents, as well as for health-care expenses and even renewable energy. The net effect, according to experts in both campaigns and independent analysts, would be a reduction in government revenue over 10 years. In other words...
...nominal control of the powerful ISI, Pakistan's security and intelligence apparatus, which has a reputation for acting on its own; and he is seen as ceding many prerogatives of the Prime Minister's office to Zardari and to Rehman Malik, Bhutto's security chief who is now, in effect, Pakistan's Minister of the Interior. Says political analyst Talat Masood: "The present government is not in a position to tackle the serious concerns facing this country. It has hardly started to clarify its own position on extremism and terrorism...