Word: primed
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...members of Congress who are overseeing the bailout funds question what spin doctors have to do with Liddy's stated mission. Representative Elijah E. Cummings, a Democrat on the House Oversight Committee that has investigated AIG, called the firm's p.r. payroll "a prime example of AIG misusing funds. Mr. Liddy should know, however, that all of the p.r. firms in the world will not distract us from getting to the bottom of what is really going on at AIG and how the company is spending taxpayer dollars...
...Japan's Prime Minister Taro Aso is proving himself to be a big spender. And he, like the rest of Japan, is hoping that spending more on the economic crisis will make it go away. At a press conference Friday afternoon, Aso unveiled $149 billion stimulus package, 50% larger than what Aso ordered up earlier this week and the third stimulus plan he has proposed since he took office last September. The latest package amounts to record spending for the world's second-largest economy - about 3% of GPP - and, if passed by lawmakers, will bring total fiscal spending during...
...Yosano took over the finance and banking positions from former Finance Minister Shoichi Nakagawa, who resigned in mid-February after appearing to be drunk at a G-7 press conference. Prime Minister Taro Aso tapped Yosano as the ultimate insider; as minister of economy, a post he has held since September, Yosano knew his way around the draft budget for 2009. Still, the breadth of his responsibilities now is daunting. (Read "Sony's Woes: Japan's Iconic Brands Under Fire...
...asked: what is it like to be a citizen of a defeated country? The sting of that question became the seed of his political career. After graduating with a law degree, Yosano worked five years for the Japan Atomic Power Co. before taking a job as secretary to former Prime Minister Yasuhiro Nakasone in 1968. In 1976, Yosano won a Diet seat for the Liberal Democratic Party in Tokyo prefecture, his home turf. He has served as Minister of Education, Minister of International Trade and Industry and once before as Minister of Economic and Fiscal Policy and Financial Services under...
...elections for a new LDP leader. "Given the problems that Japan faces, people feel that there's a solid quality to Yosano, a trustworthiness that makes people feel confident he's in charge," says Curtis. In a newspaper poll conducted six weeks ago, Yosano tied with popular former Prime Minister Junichiro Koizumi as the public's second choice for the next premier. (The No. 1 pick was opposition leader Ichiro Ozawa...