Word: electicity
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...locomotives that will eventually help pull the world out of its slump. That won't happen overnight; overhauling the world's fourth largest economy is going to take some time. For the moment, to tread water, Beijing is frantically throwing money at infrastructure projects, much as U.S. President-elect Barack Obama now promises to do in America. But ditch-digging on a national scale, Beijing knows, will not take China where it needs to go. Only if leaders execute a series of complex alterations to the foundations of its economic growth will China maintain its momentum. "The [global slump...
...fight against the Taliban, al-Qaeda and other extremist groups along its border with Afghanistan. That would enable these groups to step up their operations against U.S. and NATO troops in Afghanistan. It's a prospect that troubles not just the Bush Administration but also its successor. President-elect Barack Obama has said he will devote some "serious diplomatic resources" to settling the dispute over Kashmir...
...find anybody willing to predict that the economy will resume growing by May. As for severity, though the first eight months of the recession were quite mild, the pace of job losses since August is beginning to rival that of the big 1970s and '80s recessions. So while President-elect Barack Obama and others who dub this the worst downturn since the Great Depression don't have definitive evidence just yet, they're not blowing smoke either. (See pictures of the stock market crash...
...period between election night and inauguration is necessarily a time of nervous speculation, both professional and personal. Would the president-elect set aside the recent past and appoint Hillary Clinton to his cabinet? Could Larry Summers overcome his ignominious departure from Harvard and return to public service? The pressing questions were both answered promptly...
...education officials toy with the formula on the local level and clamor for large-scale policy changes, it’s important that top politicians lead by example. President-elect Obama’s popularity and political position put him and his wife in a unique position, which carries with it an obligation to support public education personally...