Word: facto
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Dates: during 2000-2009
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...sensible site; no reason not to operate your missions from the same place you launch them. Vice President Lyndon Johnson, however, didn?t see things that way. If federal space goodies were going to be handed out, he wanted his native Texas to get its share. And as de facto head of the nation's space effort as well as the former Democratic leader of the Senate, he had the clout and friends to make that happen...
...Bishopsgate, the center of London's financial district, helped convince Britain to seek a political settlement with the IRA. In 2005, a former Lebanese prime minister in 2005 was killed by a car bomb that provoked a cascade of events that led to Hizballah becoming the de facto sovereign authority in Lebanon. Or, on a happier side, the sharp drop off in car-bombs in Iraq has averted a civil war. And the Oklahoma City truck bombing effectively destroyed the right wing insurgency Tim McVeigh wanted to rally...
...estate assets after bank failures, and thus to avoid a further decline in real estate prices through the usage of federal funds. The current proposal is explicit about its monumental cost: $700 billion, a sum larger than the 2009 budget of Medicare and Medicaid, which also dwarfs the de facto nationalization of Fannie Mae and Freddie Mac just weeks...
...positive sign in this week's mess is that both the turf battles and unyielding attachment to deregulation have been abandoned, perhaps forever. The Fed and Treasury have together seized de facto control of the regulation of all financial institutions of significance, and nobody at either agency seems willing to believe anymore that financial markets are invariably right. In March, Treasury Secretary Hank Paulson proposed a system in which there would be one regulator (the Fed) in charge of market stability, another tasked with prudential regulation of institutions that rely on government guarantees (at the time it meant just banks...
Take the manufactured Oprah-Palin controversy. Oprah Winfrey endorsed Obama in 2007 and said she would not have him or any other candidates on her show again until after the election. The Drudge Report ran a story that Oprah had "banned" Palin, although 1) Oprah had also de facto "banned" McCain, Joe Biden and Obama, and 2) it's uncertain that Palin even wanted to be interviewed by Obama's most famous backer. Nonetheless, it became a big story. Tom Brokaw asked whether Oprah's decision was "élitist," probably the first and last time the term will ever...