Word: expansionism
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Although other experts largely agree that governments - and ultimately taxpayers - will end up footing a hefty bill for all the stimulus money, some don't believe this will necessarily mean that Europe's modest growth rates are doomed to slip back into the red. Eric Heyer, an economist at the...
Santander still has to prove itself in the U.S., however. In 2006, the Spanish firm spent $2.9 billion to buy 25% of Sovereign Bancorp, a regional bank in the northeast. By October 2008 Sovereign's stock had fallen 85% and Santander exercised its right of first refusal to buy the...
I appreciate TIME's decision to highlight the 10 most essential stories of 2009 [Dec. 28--Jan. 4]. However, I question the failure to grant a spot on the list to turmoil in Israel. Though the peace negotiations remain stalled, there have been numerous developments throughout the year that have...
The increasingly out-of-touch communists, sensing the state's slipping grip on power, tried to push through a belated industrial expansion by force. In 2007, at least a dozen villagers in Nandigram were killed by state police during protests against the seizure of their land for a chemical plant...
University administrators have halted or slowed other capital projects, most notably Harvard’s campus expansion across the Charles River. But construction on the Northwest Corner Building proved more expensive to halt than to continue, according to statements by former interim Law School Dean Howell E. Jackson last year...