Word: nationalism
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...sober French reaction marks how the nation has evolved towards a freer market system under European Union rules, even as it struggles to preserve parts of its vaunted welfare state. Over the past decade, millions of French citizens became first-time shareholders following a huge wave of privatizations, the bulk of them carried out in the late 1990s by a Socialist-led government. Meanwhile, once-modest executive compensation - long cited as proof of France's more egalitarian approach - has skyrocketed in recent years; in 2007 alone, pay for French top executives soared by an estimated 58%, according to the French...
...French companies on France's CAC 40 exchange posted cumulative profits last year of $133 billion, attesting to the efficient, globalized nature of the nation's businesses. When it emerged last January that accused rogue trader Jérôme Kerviel had allegedly cost his employer, Société Générale, $6.86 billion for uncovered transactions, more than just a financial scandal was revealed. The case was also concrete proof, should any have been needed, that the French no longer matched their mythic status as a profit-eschewing, socially minded alternative...
...confirmed on Sept. 19 - again, without Kim present -that it was preparing to restart its nuclear reactor. With North Korea a fragile state whose population hovers constantly on the brink of famine and with no clear successor to Kim in place, the only thing more frightening than a rogue nation with him at the helm could be one without...
...expected to become the nation's next Prime Minister. On Sept. 24, during the Diet's new session, Prime Minister Yasuo Fukuda - whose administration suffers from chronically low approval ratings, economic woes and gridlock in the Diet - will hand over the reins of government. Aso's rise signals the LDP's intent to reinvigorate its image and ride A wave of public support, typical for new prime ministers, into the general election. If those elections are held in late October as expected, Aso, 68, and his new Cabinet will have roughly one month to convince voters that the party...
...loss of its best and brightest to jobs overseas. It's easy for the country's neighbors to see it as it was in its kingly past - a helpless, compliant pawn in the geo-political games of others. But, as Dahal and his government attempt to refashion the nation, most Nepalis - beginning with the Prime Minister - want India and China to see a Nepal finally standing on its own feet...