Word: pasts
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Dates: during 2010-2019
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...well as anyone on the planet, they have learned over the years how to craft sentences that reach the summit of diplomatic obfuscation. So it was on Feb. 6, when the Foreign Minister representing this century's ascendant power addressed a gathering that's a blast from the past: the Munich Security Conference, a 46-year-old annual gabfest that used to be populated by Western Europeans and Americans obsessed with plugging the Fulda Gap. Foreign Minister Yang Jiechi was there this year, and he knew there was no chance he could avoid the single most important issue that leaders...
...usual in Doha, the capital. Just ask Kevin Lamb, assistant dean of Carnegie Mellon Qatar. Located in Education City, a gleaming new complex under construction on the outskirts of the capital, his school is one of six American universities that have set up shop in the country over the past few years. Thanks to the deep pockets of the Qatari government, Lamb has more space in the college's new building than he knows how to use. "It's an administrator's dream," he says. Or ask Oliver Watson, director of Doha's new Museum of Islamic Art. Unlike most...
...found itself with a solid, reliable currency. Its government and businesses could borrow at lower interest rates than before. The country boomed, with real GDP growth topping 3.8% for eight straight years. (During the same 2000-07 run, U.S. GDP growth never hit 3.7%; Germany didn't make it past 3.2%.) It seemed as though Greece had landed a one-way ticket to economic good times...
...unraveling the entire project. In the euro's prelaunch period, a few skeptics predicted that the mismatch between a single European currency and differing national economic conditions would eventually lead to tension and an ugly breakup. The euro, heretofore one of the great political and economic successes of the past decade, is now undergoing a stress test of that hypothesis...
...said. The U.S. has none of the currency difficulties of the PIGS. We do have a government deficit expected to hit 10.6% of GDP this year and a total federal debt that will cross 100% of GDP in 2012, according to White House projections. The rolling crisis of the past three years has been an embarrassing exercise in exposing the financially underclothed. It doesn't appear to be over--and the U.S. isn't what you would call well dressed...