Word: powerful
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...Clearly, a recession can shred the spending power of millions for many years. Doesn't that have negative repercussions for a U.S. economy underpinned by consumer spending? In the short run, laid-off workers or graduates will consume much less, but so will most other people. That will stall the recovery process because everyone is waiting to see what happens. But in the long run, roughly three things help the economy improve. First of all, those not laid off - the majority - start consuming again. Second, a new cohort comes into the labor market and is likely to benefit from...
...antitrust laws, giving the league not only continued right to grant exclusive licenses for team apparel but also the ability to make decisions on a leaguewide basis. This opens the door to the NFL - rather than individual teams - determining things like ticket prices and player salaries. Indeed, the bargaining power of the NFL Players Union is based on antitrust legislation that the league would largely be immune to if it receives a favorable ruling from the Supreme Court. Other sporting leagues are watching the American Needle case closely; many have filed briefs in favor of the NFL's position...
...Second, divide and rent the Taliban. Like the British, we can propose deals that split the moderates (those content with exerting power in Afghanistan alone) from the fanatics (those obsessed with global jihad). We can also attract Taliban fighters by paying them more than the Taliban leadership can afford...
...fixed timetable. It is in keeping with our overriding interests: first, to check terrorist threats worldwide and not place disproportionate bets in Afghanistan; and second, to extricate ourselves from unending major wars so that our leaders can focus sharply on reconstituting what makes the U.S. the leading world power - our economy...
...Gelb is the author of Power Rules: How Common Sense Can Rescue American Foreign Policy and president emeritus of the Council on Foreign Relations...