Word: nationes
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Dates: during 2000-2009
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MUMBAI, India - In the days after the Indian elections on May 16, until the finance minister’s speech on July 6, the nation discussed only one subject: the budget of the incoming government. The Congress Party, reelected to power after holding office for the past five years, had won a large enough majority of parliamentary seats to create a governing coalition free of leftists—like members of the Communist Party—who had slowed market reforms in the past. The new government, more moderate and centrist in composition than in its past term, won such...
...India, the Congress Party’s budget announcement has come to be one of the defining moments of the fiscal year (which ends in March). In a still heavily regulated economy, government action on major economic issues can have a profound impact on the nation, attracting foreign investment and fueling rapid growth. Thus, every newspaper and television station provided special coverage on the budget for the month preceding the announcement. Publications issued countless surveys, and every business leader offered their recommendations and predictions...
...When July 6 arrived, every station carried the budget address, delivered by finance minister Pranab Mukherjee. And the nation was in for quite a surprise. While Mukherjee did announce significant fiscal stimulus plans, expanding rural employment, and development programs, he did not mention any specific open-market reforms, such as raising foreign investment levels, divestment of public enterprise, or deficit reduction. After Mukherjee had signaled to the entire nation that he would follow through on these reforms, the speech was a major disappointment...
...Georgia Republican who has thousands of constituents working on the planes at the Lockheed-Martin plant in Marietta, wants to keep those voters employed. He solicited a letter from the retiring head of the Air Force's Air Combat Command, who said buying just 187 F-22s puts the nation's military strategy at "high risk." An additional 60 F-22s, the general said, would ease that risk to a moderate level. Gates was not amused. "Frankly, to be blunt about it," he said, "the notion that not buying 60 more F-22s imperils the national security of the United...
...will develop a cogent and balanced military force as championed by Defense Secretary Robert Gates or whether his quest will be derailed by an ad hoc coalition of entrenched interests and lawmakers whose priority is protecting the jobs of their constituents rather than the needs of protecting the nation. (See pictures of military aircraft...