Word: nationalizes
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...when you're President of a nation whose unregulated, red-in-tooth-and-claw capitalism is widely blamed for an economic crisis that is making life miserable for millions, star wattage will get you only so far. In the run-up to the G-20, continental European powers such as France and Germany made it clear that they viewed with distaste the principal U.S. prescription for recovery: a massive fiscal stimulus to boost demand. Similarly, at the NATO summit to follow the G-20 meeting, Obama could expect to be met with warm words but few pledges of the troops...
...York Rockefeller, Reconsidered Governor David Paterson reached an agreement with legislators to scale down the state's Rockefeller drug laws, some of the earliest statutes in the nation to lay out mandatory minimum sentences for drug offenders. Critics and activists hailed the pact, arguing that mandatory minimums contribute to prison overcrowding and recidivism and incarcerate addicts who should instead receive treatment. The original laws, which were a model for much of the legislation passed at the height of America's War on Drugs in the 1980s, mandated minimum sentences as long as 15 years for certain drug offenses--the same...
...offer that Japan made on April 1 to unemployed foreigners of Japanese ancestry. These immigrants, mostly from Brazil and Peru, had previously obtained special visas to do manufacturing work in Japan for companies like Toyota. With the number of available jobs at a six-year low, the nation can no longer afford to pay them unemployment benefits and is asking them to leave...
...Jewish nursing student from Chicago who accompanied her Guyanese husband back to his native land. The pair got involved in leftist politics, and decades later, Janet Jagan, 88, succeeded her deceased spouse as President of Guyana to become the first woman to lead the nation...
...inhuman nature in the cold numbers of capitalism, that's what stuns you.' LASZLO VARNAI, mayor of Kiskunhalas, Hungary, on the closing of the town's Levi Strauss & Co. plant, once a successful symbol of Western capitalism in the ex-Soviet nation...