Word: progressives
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Dates: during 2000-2009
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...equally safe to say that the large American banks are works in progress which are, in most ways, still dilapidated. Treasury Department analysts may not have the IQs of the PhDs who created mortgage-backed securities, but they did not do their detective work blindly when they insisted that bank balance sheets and loan portfolios needed close examination. It is also true that the private capital firms which plan to buy toxic assets using taxpayer money were not enticed into the new program based on an illusion. The banking system is still terribly weak and there is almost...
...attended by President Barack Obama's climate negotiators - to the palpable relief of the rest of the world that former President George W. Bush's much maligned team was gone - but on the big questions, including how to address carbon reduction in rich and poor countries, tangible progress remained elusive...
...Bonn meetings weren't totally devoid of progress. One of the main questions facing global-climate negotiators is what should be done about tropical deforestation, since the logging and burning of trees is responsible for a fifth or more of global carbon emissions. The current Kyoto Protocol doesn't address the issue, and many - though not all - environmentalists would like to add avoided deforestation to a new global climate deal, allowing rich countries to offset some of their carbon emissions by paying tropical nations to preserve their forests. Although the idea is a controversial one - Greenpeace released a report...
...regimes - Burma and Sudan, as well as Zimbabwe - against punitive international measures, apparently more concerned about Western bullying than the way governments treat their own people. As Feinstein says, the ANC "hasn't sent a great signal to other countries in Africa that are trying to build democracy and progress...
Problems at Home If there is one region in South Africa on which the ANC might have focused its efforts to build democracy and progress, it is the Eastern Cape around East London. Drive out of the city and after an hour you descend into a steep, forested canyon along whose floor snakes the River Kei, the old boundary between white-run South Africa and the rolling prairies which apartheid authorities designated the black "homeland" of Transkei, meaning "across the Kei." During apartheid, the Transkei was a place of destitution: thousands of mud-walled, grass-roofed huts where people lived...