Word: perring
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Dates: during 2000-2009
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...Pakistan tested its first nuclear bomb, was partially responsible for the boost, but Musharraf also privatized key industries and opened up the banking sector. The rapid growth, however, exposed cracks in infrastructure that was failing to keep up. "The economy has been good for big business, good for the per capita averages and good for GDP," says Tasneem Noorani, who served as Secretary of the Interior under Musharraf. "But it has not been good for the common man. We are all waiting for the trickle-down effect...
...Speculation In his essay "Oil Follies," Michael Kinsley notes that if President George W. Bush "had used the political gift certificate he was granted on Sept. 11, 2002," he could have "imposed a $1.50-per-gal. (39¢-per-L) 'War on Terror' tax ... People would have screamed with pain, then started adjusting. Demand would have gone down, and today gas would probably be cheaper" [July 7]. How very clever. But Kinsley had a TIME pulpit in 2001. Why didn't he propose this great idea then? How easy it is to be clever in retrospect - though Kinsley seems less than...
...growth. Inflation is perhaps the trickiest economic indicator to forecast: for example, over the past year, the ECB's staff has based each of its inflation projections on an assumption that oil prices will stabilize - and each time they have risen further, to a current level of around $140 per barrel, or double the price of a year ago. Western economies as a whole are far less dependent on oil than during the two big oil shocks of the 1970s, but with food prices also on the rise, the situation remains highly volatile. If inflation continues to soar, expect more...
...vetting process has three steps. According to-and this is per his request-the Brad Pitt of the Washington legal community, Phase 1 involves 30 to 50 potential candidates whose past public records and statements are researched. The people who make it through are then contacted by either the candidate or Mr. Pitt and asked if they want to be considered. Many say no, often because they know something will come out in the vetting process that they'd rather keep quiet. After a long pause, I said I'd like to continue...
...illegal immigrants and not paying their taxes. I confessed I didn't know much about our gardener's citizenship status, given that I tape a $100 check to my door every month that is made out to simply "Rafael." It turns out I'm safely below the $1,000-per-quarter exemption for both Rafael and my housekeeper. Apparently, America doesn't care if its Vice President horribly exploits workers...