Word: ordering
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...shovel-ready, and the money hit the streets quickly - and in large dollops. Outlays on new railway construction, for example, were $41 billion last year. They will be $88 billion this year. Says one senior FORTUNE 500 executive: "In the U.S., NIMBY [not in my backyard] is still the order of the day, whereas in China it's more like IMBY. They build where they want, when they want. And they move fast." (Read "A New Deal for China...
...China. Not long ago, students there would have been the most respectful and polite of audiences. Yet when Geithner tried to reassure one questioner that China's investments in U.S. government debt were "very safe," the response was perhaps an indication of the onset of a new economic order: the students laughed...
...found myself thinking of that while reading a new book by Martin Jacques, a British journalist turned academic. Jacques' tome is called When China Rules the World: The End of the Western World and the Birth of a New Global Order, and his thesis, which he advances with a depth of argument often missing in similar works, is made plain enough by his title. The most likely scenario for the future, Jacques writes, is that "China continues to grow stronger and ultimately emerges over the next half-century, or rather less in many respects, as the world's leading power...
...marched through scores of Hungarian villages as part of its self-proclaimed mandate to protect "ethnic Hungarians" against the 6%-10% of the population of 10 million that are ethnically Roma, or gypsy. Vona was briefly detained by police at a July 4 rally called to protest a court order banning the Garda, which has now "relaunched" itself by adding the word Movement to its name. Despite police threats to charge Garda leaders with breaking the court order, Vona has promised to wear the group's uniform to the Hungarian parliament if, as polls project, he wins a seat...
TIME: I thought I'd talk to you a little bit about the whole degree to which this is really a test of leadership. The fact is that no President has been able to pull off anything on this order of magnitude in 44 years [since Congress passed Medicare and Medicaid]. President Obama: Well, as you point out, the last time we did something of this magnitude was 1965. And the circumstances in some cases were similar - in some cases were profoundly different. Obviously LBJ had just won a landslide re-election and had huge majorities in the Senate...