Word: electer
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...probably headed toward what in 1990s Japan became known as the ZIRP: zero-interest-rate policy. The Fed funds rate is already down to 1%, and the economy is still sinking. Rates have nowhere to go but down - all the way to zero. And by the time President-elect Barack Obama takes office in January, it's likely the U.S. will be debating what sort of tax relief to individuals and businesses might be best - mimicking policy discussions that are already occurring along the same lines in Europe and Asia...
...spark” citizens to participate and pressure politicians to act.In the spring, McKibben spearheaded 1,400 simultaneous demonstrations across the country advocating that the new White House commit to an 80 percent reduction of greenhouse gas emissions by 2050—a promise that President-Elect Barack Obama reaffirmed on Tuesday that he will uphold.McKibben’s newest initiative stems from research by NASA’s top climate scientist, James E. Hansen, that carbon dioxide levels should be limited to 350 parts per million (ppm) in order to ensure a climate agreeable to civilization. That calls...
...Democratic Party failed to make this change for Lieberman by stripping him of his committee chairmanship, an act that would have effectively forced him to caucus with the Republicans. Unfortunately, a tangled web of party interests among Democrats prevented this from happening. According to the New York Times, President-elect Obama, apparently interested in promoting party unity, has “signaled” his interest in retaining Lieberman’s vote, while Sen. Chris Dodd is reluctant to weaken Connecticut’s power in the Senate. So Sen. Harry Reid, the Senate majority leader, has decided...
...succeed at modern diplomacy, it helps to take the long view. As word trickled out that President-elect Barack Obama was considering Hillary Clinton for Secretary of State, Clinton was on the phone with the President of Pakistan. Asif Ali Zardari was calling with a long-overdue thank-you. Back in 1998, when Zardari's late wife Benazir Bhutto was powerless and out of favor with the United States, the then First Lady had received her at the White House, over the objections of both the State Department and the National Security Council. Bhutto eventually regained her influence, and before...
...wrapped up his second week as President-elect, it was clear that Obama was taking the long view in both diplomacy and politics. How else to explain the fact that he had all but offered the most prestigious job in his Cabinet to a woman whose foreign policy experience he once dismissed as consisting of having tea with ambassadors? Or that Clinton might accept an offer from a man whose national-security credentials, she once said, began and ended with "a speech he made in 2002"? Nowhere did Obama and Clinton attack each other more brutally last spring than...