Word: favors
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Very few people are going to read Change for America front to back. Broken up into topical essays, it's easy to jump back and forth between an explanation of how the Department of Homeland Security stinks to an argument in favor of a new National Energy Council. And while much of the book delves into government bureaucracy to an almost molecular degree, all Americans (even those who don't lean left) should flip through. You'll learn about your government (you'll re-learn all that stuff you picked up in high school and quickly forgot...
...them in the global competition for a shrinking pool of consumer demand. Most obvious of these steps was Washington's $17 billion bailout of the U.S. auto industry. Now American steelmakers are lobbying the incoming Obama Administration to include "Buy America" provisions in the proposed government stimulus package, to favor their own steel over foreign imports. A state development fund in Taiwan is raising $6 billion to aid companies in the industries considered strategic for the economy; Taiwan chipmaker Powerchip Semiconductor has already applied for government help. China, meanwhile, has restored or raised tax rebates over the past six months...
...fresh start: the sheer fact that los yanquis elected a liberal African American as President has already done a good deal to alter Uncle Sam's image in Latin America, even among leftists. None other than Chávez said last month that "there are winds in favor of relations between the Venezuelan government and the new President of the U.S." Cuban President Raúl Castro has said much the same. The amiability turned sour this weekend, however, when Chávez, reacting to a new Univision interview with Obama in which the President-elect calls him "a force...
...institutions, however, are in a good position relative to their foreign counterparts. Japanese companies have ample cash on hand at a time when cash and liquidity matter most. As mergers-and-acquisitions activity increases abroad, the appreciation of the yen (currently 90 to the dollar) can actually work in favor of Japanese businesses, making acquisitions more affordable as the market caps of their competitors decline. And banks, even with some financial constraints, are seeing lending increase, with growth of 3.7% in December from a year earlier. Positive news, to be sure, but not quite the stuff of a new bull...
...this case, the landing and quick response of rescuers appear to have worked in the favor of survivors. Says Weiner: "It seemed like the plane was really in control as it came into the river. It was almost as if the river was like the runway. It was approaching it like it was a runway until it hit the water, and then you didn't know what to expect. Thank God it stayed in one piece and just slid along its belly." At a press conference soon after the incident, New York City Mayor Michael Bloomberg said that the plane...