Word: nationalizes
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...During the boom years, banks lent vast sums of money to developers as property fever gripped the newly wealthy nation. But when the bubble burst with the global meltdown last year, these unpaid loans left huge holes in the banks' books and the liberal lending of the Celtic Tiger era came to an abrupt halt. To steady the ship, the government placed a blanket guarantee on deposits in six Irish banks last September. At the time, according to Finance Minister Brian Lenihan, it was "the cheapest bailout in the world." But that claim soon came back to haunt...
...Growth Model When the indian national congress took power in 2004, Singh changed course and began an intensive effort to improve the lot of the nation's farmers. Between the 2003-04 and 2008-09 fiscal years, the central government's budget for agriculture quadrupled. Government schemes built rural roads to help farmers get their produce to market, forgave some of their debts and raised minimum purchase prices on cotton, rice and other crops. In 2005, policymakers launched the Bharat Nirman program, aimed at providing electricity, housing and irrigation systems to the country's farmers, and, a year later...
...special report is also a collaboration with Maria Shriver, who has overseen a wide-ranging study called The Shriver Report: A Woman's Nation Changes Everything along with the Center for American Progress, and who will also be revealing some exclusive findings from our poll on Meet the Press on Oct. 18. Maria, the First Lady of California and an irresistible force in her own right, also oversees California's annual Women's Conference, one of the nation's premier forums for women to come together to discuss vital issues. Held on Oct. 26-27, this year's conference will...
...sounded worse that it was. Late Friday evening, with a stroke of his pen, President Barack Obama declared H1N1 a national emergency. The statement said that Obama does "hereby find and proclaim that, given the rapid increase in illness across the Nation may overburden health care resources and that the temporary waiver of certain standard Federal requirements may be warranted in order to enable U.S. health care facilities to implement emergency operations plans, the 2009 H1N1 influenza pandemic in the United States constitutes a national emergency...
Germany's new coalition government put the finishing touches to its policy program this weekend, promising moderate tax cuts to help support the economy, a reduction in the length of compulsory military service, and the continued operation of the nation's aging nuclear power plants. No big surprises there. But one detail could have interesting international repercussions: the man designated to be foreign minister, Guido Westerwelle, is pushing for the U.S. to remove its remaining nuclear weapons from German soil...