Word: politicos
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...European economies aren't as big as the U.S., so the debt involved isn't as much, but when levels get too high and financing them just isn't possible anymore, the entire thing will come falling down," says Eric Grémont, co-founder of the Paris-based Politico-Economic Observatory of Capitalistic Structures. To avoid this, he and Touati both say that states must freeze their spending at current levels to speed up a return to economic growth. But when that happens, they add, governments must also start slashing budgets, reducing expensive state services and cutting jobs...
Giving a transformational presidential speech while trapped in politically toxic quicksand is no easy task. And as he mounts the rostrum in the House of Representatives' chamber on Wednesday night, the forces arrayed against Barack Obama - both real and those conjured by the politico-media maelstrom - are fierce...
...France's élite graduate schools. He probably serves on more than one board. (French law permits people to hold seats on up to five companies' boards at the same time.) French boardrooms are far less diverse than those in other nations; a survey last month by the independent Politico-Economic Observatory of Capitalistic Structures (PEOCS) indicates that the concentration of business power is greater in France than in most other Western countries - especially the U.S. and Britain...
...President Obama can claim is an achievement that has eluded Democratic Presidents and lawmakers going back more than a half century. "The much-pilloried Harry Reid led an increasingly undemocratic and dysfunctional institution to a stunning victory for the majority party," the Brookings Institution's Tom Mann wrote in Politico. "He deserves an apology from any number of prominent Washingtonians." But if there's one thing Harry Reid has been in Washington long enough to know, it is this: He shouldn't hold his breath waiting...
...against the government of Hugo Chávez are not new. The U.S. and Colombia have for years accused Chávez of consorting with narco-terrorists. Chávez, for his part, claims that the U.S. smuggles drugs to fund its espionage. Gonzalez added his own bit of politico-narco conspiracy theory, suggesting that his country's ousted President, Manuel Zelaya, was under investigation for possible involvement with cocaine shipments, echoing a charge of Zelaya's political opponents. When TIME questioned whether a Honduran head of state could really have had his hands in trafficking, Gonzalez nodded his head...