Word: majors
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...will finally be defeated around 2035 by the same globalization of the markets (particularly the financial ones), and by the power of corporations. Financially and politically exhausted, like all other empires before it, the United States will cease to run the world. But it will remain the planet's major power; no new empire or dominant nation will replace it. The world will temporarily become polycentric with a dozen or so regional powers managing its affairs...
...Closing the prisons will put an end to a major distraction. But it shouldn't stop there. If Panetta can get away with it at the White House, he needs now to slash the CIA stations in Iraq and Afghanistan - by at least half. The stories I hear from Baghdad and Kabul all run in the same direction: people falling over each other chasing a few sources, all frustrated that they are not allowed to get out more because of the very real risk of kidnapping or assassination...
...time with appropriate policies, Roubini notes, but the government has been "woefully slow" to implement them. In the months ahead, China's economy will instead be driven by the government's $585 billion stimulus spending program and easy credit. This may prove to be enough to stave off a major economic contraction, but government measures alone will not rekindle high growth rates...
...Piero Faro told a Reuters reporter at the funeral. The Abruzzo native had come to pay his respects to family friend Paola Pugliesi, 65, who died with her son Giuseppe, 45. "Their building simply disintegrated. This should not have happened." A student dorm and a modern hospital also suffered major damage in L'Aquila. Nearby, in the tiny village of Onna, more than 40 people died, while other areas were spared any loss of life...
...Napolitano's words and the official government inquiry that has been opened should be the focus not just in L'Aquila but throughout the country, which is crisscrossed by two major fault lines and experiences dozens of small earthquakes each year...