Word: gripped
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...vast and growing ranks of middle-class consumers. Most of all, the capitalist bosses loved working with officials of the nominally communist Chinese government, who were far easier to deal with than the politicians back home. And why not? On one side, you had autocrats who feared losing their grip on power if the economy didn't keep growing; on the other were autocrats who feared losing their grip on power if profits didn't keep growing. They had a lot in common. (See 25 people to blame for the financial crisis...
...carry on the memory, and apply the lessons of World War II to new circumstances. Sarkozy talked about the need to confront new challenges of "terrorism and fanaticism." "Today we are only half way to honoring the pledges to a new world," said Brown. "Darfur is in the grip of genocide. Burma is in chains. Zimbabwe is in agony...
Each year China's state security agencies mark the approach of the June 4 anniversary of the bloody suppression of protests in Tiananmen Square by tightening even further their grip on dissenting voices. This year, in the run-up to the 20th anniversary on Thursday, authorities have outdone themselves. In addition to the usual steps - forcibly moving activists and dissidents from Beijing and preventing others from leaving their homes in the days leading up to the anniversary - China's Internet police have shut down a range of websites and message boards in an apparent attempt to restrict any discussion...
...fear shared by many here. Pro-democracy groups see Beijing's not-so-invisible hand tightening its grip on the city. In the run-up to the anniversary, two Tiananmen-era dissidents, Xiang Xiaoji and Yang Jianli, were turned away at Hong Kong's airport. The city won't comment, but it denied charges that it kept an immigration blacklist at the behest of Beijing. The incident sparked outrage nonetheless, with critics accusing Hong Kong officials of kowtowing to mainland authorities ahead of the politically sensitive anniversary. (See pictures of Hong Kong...
...messages go, it doesn't get much clearer than that. But Geithner has known all along that there were two critical first steps the U.S. had to take in order to begin the process of reassuring its creditors. It had to demonstrate that it had a grip on the banking crisis - that financial Armageddon was not at hand - and it needed to show the world that a broad, macroeconomic turnaround wasn't too far down the road. Geithner is loathe to talk publicly about market behavior, but Treasury officials believe that a tightening of credit-market spreads shows an improvement...