Word: key
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Dates: during 2000-2009
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...panic phase - the time when so many felt government had to act boldly and at any cost - has passed. Slowly, the free market is easing back in. Consider the federal guarantee on money-market mutual funds, which was slapped together a year ago to prevent a run on a key part of our financial system. That backstop expired on Sept. 18. It wasn't renewed. (See pictures of the global financial crisis...
...governments are working to produce a successor to the Kyoto Protocol at the Copenhagen summit in December. While poor nations have demanded funds to help them develop sustainably and prepare for warming, rich nations have so far been slow to promise money. "Climate financing is going to be absolutely key if we're going to have a deal in Copenhagen," says Bill McKibben, an environmentalist and author who heads the climate advocacy group 350.org. (See pictures of the world's most polluted places...
...right man for one of the most thankless jobs in America. Bing inherited a budget deficit of at least $275 million, an unemployment rate of about 29% and a city government that barely functions. His turnaround strategy hinges not on personal warmth but on two key arguments: First, Detroit must reduce the size of its 42 government agencies to be proportionate to a city with a shrinking population and smaller coffers. That, in turn, means potentially reducing the city's job rolls from 13,200 to about 12,000 by the end of 2009 - a risky proposition in a region...
...Crisis Economic Forum earlier this month in the city of Khabarovsk, seven time zones east of Moscow in the Russian far east. Whether anything of substance emerged from the forum is unlikely. (Vyacheslav Shport, the governor of the Khabarovsk region, sounded like any old congressman when he suggested the key to economic recovery was more cash for a local Air Force base. "This is an excellent Far East project for the creation of high-tech innovation that could attract investment and defend industries from crisis events," he said.) Of course, substance wasn't the Kremlin's goal. The goal...
Despite the impatience of his generals, President Barack Obama has good reason for taking his time over deciding whether to send more U.S. troops to Afghanistan. Right now, Washington's strategy is missing one key component: a legitimate Afghan President deemed worth defending...