Word: indebtedness
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Dates: during 2000-2009
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Shang, 51, spent the bulk of his career as a bureaucrat at China's central bank, the People's Bank of China. His star rose there in 1994, a troubled time when inflation hit 24% and the economy was hobbled by a myriad of off-the-book loans between corporations...
The morbid state of Germany's government wasn't on the agenda last week when Chancellor Gerhard Schröder and French President Jacques Chirac held a working dinner at a castle outside Berlin. Yet, perversely, Schröder's problems could help get relations between Paris and Berlin over...
Dunay, who identifies the opportunity to be respected by many and indebted to few as a major factor motivating his interest in holding elected office, agrees that prestige, though attractive, isn’t what it’s all about. “Yes, the game may be fun...
Whether true or not in Rumi's case, it is a fate that has certainly befallen the words of many another Asian mystic imported to American shores. Having outgrown its old orthodoxies while remaining profoundly hungry for the spiritual nutrition they once provided, the Western world has for decades been...
DEBT-FOR-NATURE SWAPS Most countries with surviving wilderness also happen to be relatively poor and indebted to the developed world. In 1984 Thomas Lovejoy, then with the World Wildlife Fund (WWF), had the idea of converting vice to virtue by buying off or forgiving debt if developing countries gave...