Word: lende
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...trade surpluses with America. They have then reinvested a chunk of that surplus in U.S. bonds. Trans-Pacific trade is thus starting to look like that theoretical impossibility, a perpetual-motion machine: America pays for Asian goods with borrowed money, then Asia uses the profits from these sales to lend more money to its favorite customer. It's a deal that has been beneficial for both sides. A boom in exports to America has fueled economic growth in Japan and China. Asia's eagerness to buy bonds, in turn, has helped America avoid the full consequences of its reckless spending...
...violence, his September speech is upsetting. We have since witnessed the destructive failure of his arrogant go-it-alone approach. To be sure, at critical junctures in the past year and increasingly over the past several months, Bush has turned to the U.N. for assistance, relying on Annan to lend legitimacy to the coalition-imposed election timetable, asking the U.N. to play a role in the selection of Iraq’s next slate of leaders. But the president’s chronic inability to admit mistakes and his extreme arrogance have made a difficult reconstruction effort all the more...
...quickly as they ignite. By the time the Internet-bubble burst, "vulture capitalists" were tainted as part of the lunatic feedback loop that sent valuations of newly public companies into the stratosphere. After three years of retrenchment, the community of some 900 U.S. investment firms is eager to lend a hand to what it hopes will be the next generation of giants...
...could "expect the formation of a second front this year." Stalin was momentarily mollified. But he was soon disappointed and then venomously embittered when it became clear that the U.S. would not open a second front in 1942 or even in 1943. As compensation, Roosevelt offered Stalin some Lend-Lease aid, vague assurances of a free hand in postwar Eastern Europe, and a pledge to accept nothing less than Germany's (and Japan's) unconditional surrender. The Russians fought on, but at horrendous cost. Stalin fulminated that Roosevelt was waging war with American money and American machines--and with Russian...
...Building on Diversity I was recently quoted in your story "Soaring Ambitions" [May 3] and felt it necessary to clarify the context of my remark about the current architectural boom in China. Emerging cultures like China often look to foreign firms to provide expertise and vision, and to lend weight to their bid for global presence. As such, they are very open to new ideas. The important point to emphasize is that plenty of these foreign firms are building remarkably innovative and responsible buildings, as Skidmore, Owings & Merrill has done for many decades, and that this represents an extraordinary opportunity...