Word: panaceas
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Dates: during 1990-1999
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Well-executed antitrust lawsuits can energize broad areas of the economy. That's the lesson of the AT&T case. The Justice Department's suit against Ma Bell concluded in 1982 with a consent decree forcing it to spin off the seven regional Baby Bells. It wasn't a panacea, but it kicked off a process that dramatically increased competition and improved service. And the Baby Bells have carried their competition into new areas like cellular telephones and Internet access...
Suddenly ecotourism is the new global orthodoxy--a panacea to save threatened environments, address poverty and salve the conscience of well-heeled travelers, as well as satisfy a growing thirst for closer contact with nature. Groups such as the World Wide Fund for Nature, Earthwatch and Discovery Initiatives now share the jungle and savannah with more conventional operators. Major travel companies, hotels and airlines have jumped on the bandwagon with scores of environmentally friendly initiatives. "Consumers are currently very sensitive to the environment, and you've got to take that into account," says Jacques Maillot, CEO of Nouvelles Frontieres, France...
...approach isn't a foreign policy panacea, however. The U.S. and NATO still have to figure out how to engage the Russians, for example. And NATO will still need to rebuild Kosovo--to say nothing of devising a long-term solution to the problem of dealing with Milosevic. And for all its simple charm, the new triple-if doctrine doesn't answer one other crucial if: What do you do if American soldiers start to die in battle? Without an answer to that question, the Clinton doctrine may be as short-lived...
Lastly, Kamath, like many politicians, falsely conveys that McCain-Feingold is a campaign finance panacea. What the law would do is eliminate the "soft money" loophole that many candidates use to raise money. But candidates could still spend as much as they want. It's just that if they're not rich or famous, they're going to be spending a lot more time finding the money to spend...
Lastly, Kamath, like many politicians, falsely conveys that McCain-Feingold is a campaign finance panacea. What the law would do is eliminate the "soft money" loophole that many candidates use to raise money. But candidates could still spend as much as they want. It's just that if they're not rich or famous, they're going to be spending a lot more time finding the money to spend...