Word: nationalizes
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...During the past several months, the national political debate brought attention to a variety of seemingly intractable problems in areas such as energy use, health care, and the foreclosure crisis. To many, the election of Barack Obama proves our willingness as a nation to confront and solve these challenges. To Harvard professor Michael Sandel, the citizens of America spoke with their votes and “rejected these narrow notions of the common good.” He told Thomas Friedman of the New York Times, in a November 5 column, that this expanded notion of the common good...
...seven months of this year, Beijing's General Administration of Customs said in a recent report. In the city of Shenzhen, the other major manufacturing center in Guangdong province, 50,000 people have already lost their jobs this year. And in Beijing last week, Zhang Ping, chairman of the National Development and Reform Commission (NDRC), the nation's key economic policymaking body, bluntly warned that "excessive production cuts and business closures will cause massive unemployment, and that will lead to instability...
...rough estimate, this was the eighth time in four weeks that taxi drivers around the nation had slammed on their brakes, making the rolling strikes the longest sustained chain reaction of labor unrest in the history of the People's Republic. The strikes are emerging as a test case of a new policy of information control and management instituted by President Hu Jintao that shuns the authorities' traditional emphasis on suppressing bad news altogether and stresses instead using official media to attempt to control how events like strikes, protests and even natural disasters are reported in China. The complex methods...
...Rumors already swirling across the country of an imminent military coup were further fueled by a spokesman for Prime Minister Somchai Wongsawat who told The Nation newspaper on Friday that the prime minister would remain in the northern city of Chiang Mai because of uncertainty related to movements of the armed forces. Tanks were seen in several locations around Bangkok on Thursday, but Army Commander in Chief Gen. Anupong Paochinda, who urged the prime minister the day before to dissolve parliament to hold new elections and the PAD to end its demonstrations, denied his forces would topple the government...
...value-added tax. And unless retailers persuade consumers that redemption - for individuals, for businesses and for the wider economy - lies in more generous spending, Britain's downturn threatens to be steep indeed. According to the British Retail Consortium, retail sales account for a fifth of the nation's economy, with the sector responsible for some 8% of GDP and employing 11% of Britain's total workforce...