Word: populists
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Though it may seem like a stretch, opponents of the tax are making a populist cry. "This tax is not just a luxury tax," says Dr. Joanna Partridge, a plastic surgeon in North Brunswick, N.J. "This is a tax on the middle class, which is directly against what President Obama campaigned on." About 60% of those planning to have cosmetic medical procedures have an annual household income of $30,000 to $90,000, according to the American Society of Plastic Surgeons (ASPS...
...discussions between Obama and Turkey's Prime Minister Recep Tayyip Erdogan on Monday, when the two leaders meet in Washington to discuss a high-stakes list of concerns topped by Afghanistan and Iran. "The U.S. side needs to impress diplomatically on Prime Minister Erdogan how much his anti-Western populist rhetoric damages Turkey's position with its key partners and pro-Turkey constituencies in Washington and Brussels," analyst Hugh Pope wrote in a recent paper for the Transatlantic Academy...
Many thought a silver lining of last year’s financial crisis—or from the populist rage that flared against Wall Street excess and profits from leverage, not creativity—would be that earnings differentials would return from obscene to merely enormous levels, if not to the very generous multiples that had long been adequate to fuel a vibrant economy. Well, the hyper-bonuses are back—astonishingly having been made even easier to achieve with taxpayers socializing the downside risks. And the crisis? What crisis...
...Tremonti, Silvio Berlusconi's top economic-policy aide since the media mogul first entered politics promising Thatcherite reforms, has been accused by his critics of adopting a populist strain similar to Sarkozy's. He shocked the Italian establishment with a vigorous Oct. 19 defense of the job for life, which many in the center-left opposition don't even stand up for anymore. "Mobility in itself isn't a value," he told a Milan conference. "The lifetime job is the base on which to build a life and a family. For me, the fundamental objective is stability of work, which...
...once considered an ally. "We can't turn back. There are reforms that have begun, which must still be completed," says Andrea Moltrasio, head of European affairs at Confindustria, the Italian employers' association. "No longer is Europe divided into the politics of left and right, but between populist and reformist. What we need most of all is realism." Begg agrees and warns against the risk of pursuing bad policy for short-term electoral advantages. But, he adds, "the huge ideological disputes of the '70s and '80s are simply not on the agenda. Mitterand vs. Thatcher, talk of renationanlizing industry - that...