Word: pillars
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...belief in Obama as a force for moral reform rests on another shaky pillar--the idea that people should get their values from what they see on television. This goes for entertainers and Presidents. Obama can't do the work of the family. It's not his job to buy your kid a belt or teach him to box. His job is to monitor this nation's nuclear arsenal, not your daughter's iPod...
...getting together to discuss the situation and making cooperative statements promising to reverse the recent spiral of negativity with stability can help restore confidence, then the effort is probably worth it. But someone as smart as Sarkozy knows the effort to get an American President to submit a pillar of his economy to outside regulators just isn't going to happen...
...only 40% of GDP (compared with about 65% in industrialized countries), isn't yet substantial enough to maintain China's high growth rates. "I don't think [domestic spending] will replace what has been lost in exports," says UBS economist Wang Tao. Nor will it offset another weakening pillar of China's economy: real estate. Rampant construction of new office towers and apartment blocks in recent years was a huge boon to growth. But government action to cool down the market, by, for example, restricting credit for property development, is resulting in a sharp falloff in construction. After 35% growth...
...count on the durability of their materials rather than the charity of their environment. The very idea that these works could be irrevocably altered—that they are impermanent, evanescent, that their fate is inextricable from the places and people that will suffer them—is another pillar of the craft.A more malleable tenet underpinning these principles is the anonymity of the artist. At its outset, street art was a component of the primarily signatory graffiti culture—an artist reflected his or her originality in the textures and contours of their own signature. As the movement...
...Another pillar of economic growth is getting knocked away: domestic demand. Asians may have a lot more money than they used to, but even so, they tend to be savers, not spenders, and quickly return to stuffing cash under the mattress during times of economic stress. In South Korea, wholesale and retail sales growth slipped to 3.8% in August from 5.5% in July. Even in go-go China, passenger-car sales fell 6% in August, the first decline in more than two years...