Word: protection
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...Amid such a "serious credit crisis," says Buik, stock markets will only remain immune to genuine credit market volatility for so long. But the plunging share prices offered another kind of correction: that growth in Asia isn't enough to protect its markets against the effects of a U.S. recession. So while shares in China soared last year, "the idea [it] can decouple and not be affected by what happened in their most important export market [the U.S.] was always rubbish," says Stein, so long as domestic consumption can't make up for any shortfall. And neither is Asia resistant...
...Zapatero's successes during his term as Prime Minister have come largely in the dramatic social reforms that have not only modernized Spain but transformed it into an international leader. His government's first piece of legislation was a sweeping law to protect women against domestic violence, and in the succeeding months Zapatero's administration eased divorce laws, required gender parity in political parties, reduced the Catholic Church's influence in education, officially recognized victims of Franco's repression, and made Spain the third country in the world after Holland and Belgium to legalize gay marriage...
...stemming fears of recession. By the time Bush gets up to deliver his seventh State of the Union address on Jan. 28, things will be sounding a bit more normal. Congress will soon take up the far more contentious question of domestic eavesdropping. Last summer, it passed the Protect America Act (PAA), which was designed to modernize the 1978 law controlling electronic surveillance of Americans. After initially trying to block the bill, which expanded the government's ability to track suspect individuals, Democrats caved. But in a last-ditch effort to placate civil libertarians, the Democrats attached a six-month...
...justice system that allows appeals to go on for 10 to 30 years. It is a system devised by lawyers, the only ones who benefit from it. Attacking the use of the chemicals is just one more excuse to end the death penalty. We need the death penalty to protect our policemen and the most vulnerable in our society. Allan Gillingham, Gilbert, Arizona...
...Romney, attuned to the state's love-hate relationship with Washington, promised to protect Detroit from higher government fuel-efficiency standards. But in a move that may not play so well with small-government Republicans outside the state, he also suggested that the feds could be Detroit's savior, by bringing in billions in new federal investment. At a rally in Grand Rapids, Romney demanded to know, "How in the world can the Federal Government sit back and watch a state suffer year after year after year...