Word: preemption
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...potential, rather than an imminent threat - an action both unprecedented for the U.S. and at odds with the system of international relations that has for the most part kept the peace between states for the past half-century. But that's precisely what the advocates of the administration's "preemption" doctrine, laid out in the President's graduation speech at West Point in June are advocating. The Cold War frameworks of containment and deterrence simply don't apply in an era of suicide terror, they argue, and America can't tolerate outlaw states developing weapons of mass destruction which, even...
...example, as a result of an attack on Iraq - in order to eliminate what they identify as the primary danger, many of the old "realists" fear such instability could be even more dangerous. Other powers - China, India or Israel - may be tempted to pursue their own version of "preemption" in their regional conflicts, and the U.S. will have to be ready to commit American lives and treasure for extended periods to secure its victories in an increasingly dangerous world...
...especially sensitive to interest rates ?- on the uptick moments after that fateful "preempt" had passed Greenspan?s lips? Because he?s going to do it only once. "A quarter-point hike, which is really nominal, has already been factored in anyway," says Baumohl. "All this talk about preemption means there won?t be a series of hikes. Greenspan is still ahead of the curve." The idea of a preventative tweak ?- and this chairman?s impeccable record says it?s worth a ton of cure ?- had the inflation-fearing bond markets jumping for joy and yields dropping like a stone. Wall...
...called Internet Tax Freedom Act in the 105th Congress, which leaves office next month. As originally drafted it would have prohibited states and localities from taxing any business activity involving the Internet for six years. State and local governments argued the time period was too long and protested this preemption of their taxing authority, but the crux of the matter was sales tax collection on remote sales...
Kemp said that the Malthusian fears of limited resources are unfounded and that they have wrongly predicted the preemption of supplies in the 1920s and 1970s. These fears, Kemp added, have led to excessive government legislation that inadvertently inhibited the growth of the economy...