Word: powerfully
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...profound crisis facing India's most prominent opposition party. Its rise less than two decades ago as a dominant force in Indian national politics coincided with the opening up of the country's economy and the emergence of a more confident, muscular middle-class. Its leaders were in power until a little over five years back, when the party lost the elections then by a thin margin. But those days seem long gone. The humbled BJP is now faced with serious questions over its leadership, seen to be out of sync with a fast-changing India as well as unable...
...Bernanke's is in many ways an inspiring story, a financial overlord from Main Street rather than Wall Street, from the faculty lounge rather than the corridors of power, from the realm of pragmatism and analysis rather than partisanship and ideology. He was a nice Jewish boy from small-town South Carolina who had pursued a career of scholarship; before George W. Bush appointed him to the Federal Reserve Board in 2002, his only brush with politics had been a stint on his local school board. Before the markets went haywire, he was building a reputation...
...that's accumulating at the Fed, one of Washington's least accountable institutions. Why should the markets decide who oversees them? Haven't the markets decided enough? Bernanke may be the ideal benevolent financial despot - a nebbishy superscholar with minimal connections to Wall Street and no previous hunger for power - but the next Fed chairman may be less ideal. And Obama has proposed to give even more regulatory power to the Fed, even though it has shown little interest in the past in curbing the excesses of the markets. At the same time, any politician who meddles with...
...chairman is often described as the second most powerful U.S. official; the main check on him is the first most powerful official's power not to reappoint him. That power won't be used this year, and it's easy to see why. But someday, a President may have to use it - no matter what the markets...
...country where about 45% of the population lives below the poverty line. (Most families spend more money on khat than on food, according to government figures.) A khat-addled public is more inclined to complacency about the failings of the government, khat ceremonies reinforce the exclusion of women from power and, as is obvious to anyone finding a government office nearly empty on a weekday morning, khat is keeping the country awake well past its bedtime...