Word: nationalizes
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...makes you wonder: can a nation really welcome being economically yoked to China if it also sees Beijing's ambitions as a threat? In a recent speech on Australian foreign policy, Turnbull questioned whether it was possible to satisfy both of the Pacific's superpowers. "The risk of representing oneself as some kind of trans-Pacific interlocutor," he said, "is that one will be perceived by the Americans as overly sympathetic to China and by the Chinese as a bearer of other people's missions, rather than an advocate...
...rubs his eyes, then launches into a defense of international activism. "You can sit around quietly on the global diplomatic circuit and get nowhere," he says, "or you can ball up a few ideas, some of which have some prospects." It's not a bad blueprint for any nation navigating a place in this globalized world. Makes you wonder whether Australia couldn't export that having-a-go spirit along with its iron ore, coal and gas. The world might be better...
What each nation most wants from the other is plain enough. The U.S. would like Russia to endorse and enforce tougher action to combat the nuclear ambitions of Iran and North Korea and to quit bullying democratic neighbors like Ukraine and Georgia. Russia would like the U.S. to recognize that it has its own sphere of influence in the "near abroad" - the territory of the old Soviet Union - and halt NATO's expansion to the east. More generally, Moscow would like some respect. "The Russians want to belong. They want to feel big," says Finland's Foreign Minister, Alexander Stubb...
Liberia represents one of the best tests of Africa's capacity for regeneration. A small nation with a population of just 3 to 5 million - the new government has yet to conduct a reliable census - it has a reformist leader, two ports, rich resources and a history of exporting. In the 1950s, rubber powered economic growth of 8%, second only to Japan that decade. Fixing Liberia should still be a relative cinch. "It's everybody's favorite model," says a Western economist in Monrovia. "If it doesn't work here, it doesn't work anywhere...
Interest in cash alternatives has skyrocketed in recent months BerkShares.org logged nearly 42,000 hits a day in April) as the recession has encouraged more innovation. For example, a Vermont business association is getting ready to launch a statewide cashless trading network. Ithaca, N.Y., which has the nation's longest-running independent currency, agreed in June to let people start using the 18-year-old bills to buy transit passes...