Word: overhauled
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...With his dramatic plans to restructure Wall Street and Detroit, overhaul health care and create a clean-energy economy, Obama is certainly taking political risks, even if he hasn't gotten around to replacing the almighty dollar with some new, one-world currency the black-helicopter crowd keeps warning about. But it's not clear that the Republicans in their current incarnation would be a credible alternative if he falters. "We've got to be at least plausible, and I worry about that," says GOP lobbyist Ed Rogers. Republicans never really left the idea business, but Americans haven't been...
Thus far, Obama has largely stayed out of the negotiations that are going on in the House and Senate over health care. Studying the failure of the last effort to overhaul the health system in 1994, the Obama Administration has styled its approach to be the opposite of that of Bill and Hillary Clinton, who presented lawmakers with a complex bill that was more than 1,000 pages long. Obama has spelled out broad goals - expanding coverage and bringing down costs - but has pretty much left it up to Congress to decide...
...doubt that enlargement helped transform the region. Eight central and eastern European countries joined the E.U. five years ago along with Cyprus and Malta, while Romania and Bulgaria followed in 2007. The enlargement process encouraged a wrenching industrial overhaul of those nations, based on the privatization and liberalization that was set as part of the price for E.U. membership, and in doing so shepherded their makeovers from stodgy Soviet vassals into economic dynamos. Slovakia and the Baltic states saw growth rates as high as 7-10% in their best years. And in Poland, the unemployment rate dropped from...
...have made it clear in the past few months that more money - and hence a modernization of defense-industry facilities - is on its way. And why much of the money is heading to companies that produce prized exports such as the Sukhoi fighter jets. But finding enough talent to overhaul Russia's rusting production lines may prove tough. Defense companies did not recruit and train engineers during the recessionary 1990s, leaving the average age of a worker in the industry at about 60, according to Kozyulin...
...there is a movement afoot in the U.S., in the legislatures of New York State, California and Massachusetts, to reconsider our overly punitive drug laws. Recently, Senators Jim Webb and Arlen Specter proposed that Congress create a national commission, not unlike Portugal's, to deal with prison reform and overhaul drug-sentencing policy. As Webb noted, the U.S. is home to 5% of the global population but 25% of its prisoners...