Word: phasing
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...We’re counting on a long honeymoon phase as well,” he says...
...Those reasons extend beyond an overstimulated domestic economy. The geopolitics of the move are also pressing for Beijing. Though exports collapsed last year as the world plunged into recession - China's current account surplus declined by about half as a percentage of its overall economy - that adjustment phase is over. Exports will again add to GDP growth in China this year, and in an era of high unemployment in the U.S. and Europe, the potential for a serious protectionist backlash is very real. (Indeed, a team from Treasury slipped quietly into Beijing recently to make just this point.) For administrations...
Over at the White House, the President's team is adopting an attitude similar to that displayed by George W. Bush's advisers during this phase of their first-term cycle. They are taking nothing for granted and are constantly evaluating how to use the Democratic National Committee and other allies to belittle and diminish every potential rival. At the same time, they don't see anyone on the horizon who particularly worries them, finding both humor and solace in the apparent weaknesses of their rivals. They know, too, that it has been tough to beat an incumbent of late...
Haitians have waited patiently during the planning phase for reconstructing this Caribbean nation. And now plans reveal that a joint commission between Haitian authorities and the international community, co-chaired by Haitian Prime Minister Jean-Max Bellerive and former U.S. President Bill Clinton, will manage the funds. When I revealed the news to a family member, she jokingly said, "They're giving the money to the state! Good, I work for the state." It is a very serious joke. Haitians are concerned that aid money will not trickle down to the people but instead be used by the government...
Neal emphasized that the third phase will be a long-term process—a process for which, some professors said, Smith’s centralized oversight is now the key factor...