Word: interventionism
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For all his successes, though, some of Brazil's oldest maladies have proved stubbornly resistant to Lula's ministrations. Official corruption remains rampant; Lula blames a fetid political culture "that has been there for centuries," but that's an old excuse. One of his election promises was to clean up...
The notion that a massive, unprecedented intervention in the financial markets should be the final economic act of a Republican President was made all the more stunning by the sight of no less a free-marketeer than Vice President Dick Cheney being dispatched to the Hill to sell it to...
Who does what depends on which agency has the most authority for the task at hand. Paulson was the primary mover last fall in getting banks and mortgage companies to ease up on homeowners who faced foreclosure, while Bernanke dropped billions into jittery credit markets with a surprise rate cut...
Former Vice President and environmental crusader Al Gore ’69 will speak at a Harvard-wide “celebration on sustainability” on Oct. 22, University President Drew G. Faust announced yesterday. The event will formally launch a greenhouse gas reduction initiative—first announced...
France has long liked to see itself as the other, non-American model for organizing a modern economy, with a rich tradition of exalting the state and disdaining "Anglo-Saxon"-style capitalism. So it would be completely de rigueur for the French to smile smugly over Washington's French-style...