Word: free-market
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...Lobbying is such an ugly word - so let's call it extortion. Why should George W. Bush even contemplate signing away his free-market beliefs right in the middle of a renewed push in Congress for fast-track authority and freer world trade? Because the Pension Benefit Guarantee Act already puts the government on the hook for at least $2 billion in pension costs if Big Steel goes under. Because steel-state congressmen might be persuaded to help Bush pass free-trade legislation, if their constituents are the exception to the rule. Because the steel states and the swing states...
...been going around the world telling countries they can't subsidize, and then we give a huge subsidy to the airline industry. We throw out free-market principles when it comes to airlines, but we won't help the unemployed because it might induce them not to search for a job. But the problem isn't going to be people not looking for a job; the problem will be no jobs...
...Chip, having lost his college teaching job for sleeping with one of his students, has found his way to free-market Lithuania, where he is helping a world-weary ex-politician fleece investors over the Internet. His prosperous brother Gary is drinking hard to reconcile himself to a manipulative wife and three sons who are drifting from his affections. Their sister Denise, a celebrity chef, makes reckless thrusts into other people's marriages. As anyone can tell you, "Christmas with the family" is a goal that has trouble written all over it. Trouble ensues...
...book about the discontents of three grown siblings and their aging, truculent parents be the Next Big American Novel? What if the book courses through the sorrows of marriage, the black comedies of sex, the mental chaos of old age and the surreal misfortunes of free-market Lithuania? What if it boasts some of the most lustrous writing of any novel in years? What we're asking is whether Jonathan Franzen's The Corrections (Farrar Straus; 528 pages; $26) will become that rare thing, a literary work that everybody's reading? A lot of people are saying yes. The season...
...less dramatic note, the Bush team had on the campaign trail also echoed a free-market orthodoxy against bailing out stricken emerging-market economies, but when Turkey threatened meltdown in the spring, they backed an IMF bailout. Again, this prioritizing of pragmatism over ideology may be encouraging to an international financial community nervously contemplating the state of Brazil and Argentina...