Word: nationalism
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Senate Republicans and Democrats have been able to agree on precious little in the heated debate on whether to bail out the nation's beleaguered automakers. But in failing to reach a bipartisan compromise after marathon talks on Thursday, they effectively handed the hot-button issue to the person they believe should have dealt with it in the first place: President George W. Bush. And in a statement on Friday morning, the Administration said it would consider using the bank bailout money already approved by Congress to rescue the auto industry...
...according to economists - and it's taking the rich down with it. Not that long ago, Russia was the poster child for unfettered wealth and freewheeling consumption. Now, with the stock market down more than 70% in the past year and the ruble feeling the strain, the nation's high earners are a little less quick to put their hands in their pockets...
...know what the mission used to be - to kill or capture Osama bin Laden and destroy his al-Qaeda command. But once bin Laden slipped away, the mission morphed into a vast, messy nation - building effort to support the allegedly democratic Karzai government. There was a certain logic to that. The Taliban and al-Qaeda can't base themselves in Afghanistan if something resembling a stable, secure nation-state exists there. But the mission was also historically implausible: Afghanistan has never had a strong central government. It has been governed for thousands of years by local and regional tribal coalitions...
...growing cholera crisis in Zimbabwe, which the U.N. estimates has killed 783 people and has infected more than 16,000, simply doesn't exist in the mind of Robert Mugabe. "I am happy to say," the nation's president of 28 years announced on Thursday, "there is no cholera." And, he added, "now that there is no cholera, there is no cause...
...uprisings in Seattle in 1999 and Genoa in 2001. But Athens 2008 comes as the very words damaged banks have taken on a whole new connotation. Indeed, in the weeks before the violence began, many Greeks had expressed outrage at the government's $35 billion in aid to the nation's lenders at a time when one out of five citizens lives below the poverty line. And so, nearly a week after they began, the Greek riots offer the first tangible sign since the West's financial meltdown of the potential social unrest percolating just below the surface...