Word: majors
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...Given these depressing circumstances, why should the United States consider it a moral imperative to include collaborative counterterrorism and human-rights concerns as major tenets of its foreign policy? Or, to paraphrase the cynics, is the United States about to climb back up on its moral high horse? I sure hope so. Even if we’re judging by solely our own standards, after eight years of secrecy and lies, some integrity would nice. Let’s start by approaching the aftermath of Guantánamo in the right...
...outspoken critic of wasteful and excessive defense spending, brings an already-impressive resume to the position, having served as assistant secretary of defense for international security during the Clinton administration. We applaud Obama’s wise selection and hope that Carter’s nomination signals a major change in the Defense Department’s procurement policy. The selection of Dr. Carter is especially wise given the acute economic crisis. In January, President Obama inherited an inefficient national-security apparatus that has become accustomed to bloated budgets and continual cost overruns; last year, the Pentagon spent $104.3 billion...
...major split is over how much Europe's richer western countries should do to help their poorer eastern neighbors. Hungarian Prime Minister Ferenc Gyurcsany has appealed for $230 billion in aid for eastern member states who have been hardest hit by the economic crisis, plus streamlined access to the Eurozone, or the 16 countries who use Europe's common currency. Without help, he says, there is likely to be a new economic "Iron Curtain" across Europe. (See pictures of the changes in Europe...
...credit market, but rather than require that the loans be serviced and repaid in cash, Brazil and Russia will repay the loans in crude oil supplies to China over the next two decades. Russia will ship eastern Siberian oil, while in Brazil, China hopes to get a share of major offshore fields which have recently been discovered. So, no matter what happens to the global economy, China is assured steady oil supplies over the next 20 years from two major oil-producing countries, in regions which are far more politically stable than China's suppliers in Africa...
...Beijing has signaled that it intends to use this slowdown to consolidate the country's sprawling auto industry. China has more than 100 carmakers. Chinese media outlets are reporting that the government hopes to reduce 14 major carmakers to 10 this year. At the same time Beijing's economic planners would like to contain the industry's production capacity, which expanded greatly in recent boom years. "So far China has gotten away with that growth," says Dunne, but the slowdown puts "unprecedented pressure on weaker makers. Everybody looked good when you were growing...