Word: marketeers
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...word waffle is related to wafer, as in the communion wafer - one of the only victuals that early Catholics could eat during fasting periods since wafers didn't contain animal fats, eggs or dairy products. During the Middle Ages, when bakeries decided to compete with monasteries in the wafer market, the secular - and considerably tastier - waffle was born. (See the top 10 food trends...
...sustained 9% growth, says Rajat Nag, the managing director general of the Asian Development Bank, "is governance." Behind that new buzzword lies a fundamental truth. The successful modernization of societies, it turns out, is not just a question of economics - of getting the macroeconomic fundamentals right and letting market forces and the private sector do the rest. It depends also on having effective, clean governments, at every level down to the village, which do not waste economic largesse or appropriate it for the use of their own politicians and officials. That has long been understood in true exemplars of development...
...York Post and Forbes. But at least one Wall Street executive has a different description: "A monumental asshole, who added dramatically to the financial instability during '08 and early '09." Gasparino's news bulletins (or rumormongering, depending on your view) on CNBC during that period often moved the market. He's well aware of the animosity. "They don't like the fact that I called them on the carpet," he told me. "I mean, you are not going to see a lot of Wall Street guys hanging out at my book party...
...getting in its way. As if we're the ones who created the sleazy subprime mortgages and exotic derivatives (graded phony AAA by real capitalists) that blew up the system. It's the standard Forbes canon: government and taxes bad; rich people good. The pair dutifully round up free-market evangelists from Smith to Hayek to Friedman to support their apologia but fail to add any real insight. Capitalism works, all right, but not like this...
Although green cleaners are still in the minority, government action from the top may make the shift inevitable - California is phasing out the use of perc, and other states will probably follow. "There's definitely a market out there," says Kistner. There's no reason dry cleaning has to dirty the earth...