Word: nascent
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Dates: during 2000-2009
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...Services, steps into the void opened by Tom Daschle's withdrawal from the role amid revelations that he failed to pay some $128,000 in taxes-the latest in an embarrassing series of tax snafus involving Obama's Cabinet nominees. An early convert to the Obama camp and a nascent star in the Democratic party, Sebelius' success guiding a deep-red heartland state vaulted her onto the short list of candidates for the vice-presidential nomination last summer. Though she is widely respected for her administrative skills and bipartisan maneuvering, she is also a Washington newcomer who must navigate...
...reason for Denmark's dominance. In the end, it happened because Denmark had the political and public will to decide that it wanted to be a leader - and to follow through. Beginning in 1979, the government began a determined program of subsidies and loan guarantees to build up its nascent wind industry. Copenhagen covered 30% of investment costs, and guaranteed loans for large turbine exporters such as Vestas. It also mandated that utilities purchase wind energy at a preferential price - thus guaranteeing investors a customer base. Energy taxes were channeled into research centers, where engineers crafted designs that would eventually...
...sure, Shangri-La is dealing with setbacks due to the credit crunch. In the Chinese gambling enclave of Macau, Shangri-La was scheduled to open two hotels along the city's nascent Cotai Strip this year, but casino operator Las Vegas Sands failed to raise the necessary funds and the entire project is on hold. In the U.S., a 223-room hotel in Chicago, due to open in 2011 in Waterview Tower, is also stalled due to the developer's financing difficulties...
...likely that investors will be reluctant to bet on nascent signs of improving credit so long as the housing market remains in turmoil. On Wednesday morning President Obama and Treasury Secretary Timothy Geithner will appear at a high school in Arizona to unveil their new plan to stem the tide of housing foreclosures. The financial community's response to that plan will likely be writ large in the stock market averages by late morning...
...Simultaneously, the Khmer Rouge were planning the steps necessary for a radical shift to an agrarian society. During the Khmer Rouge's nascent days, the movement's leader, Pol Pot, had grown to admire the way the tribes on the outskirts of Cambodia's jungles lived, free of Buddhism, money or education, and now he wanted to foist the same philosophy on the entire nation. Pol Pot envisioned a Cambodia absent of any social institutions like banks or religions or any modern technology. He sought to triple agricultural production in a year, absent the manpower or means necessary...