Word: reals
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Dates: during 2000-2009
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General Growth (GGP), the big mall owner, filed for bankruptcy, as many experts thought it would. The company has $27 billion in debt and, with real estate prices depressed, it may be impossible to raise even close to that amount of money through asset sales...
...Ganley as a rabble-rouser out for publicity. "It's utter balls to say he represents democracy," Duff says. "Scratch the surface and you'll discover he's a demagogue and a Europhobe." But Duff is also worried that Ganley could appeal to disgruntled European voters. "There is a real danger that this simplistic populism will strike a chord with voters that are profoundly uninformed about the E.U.," Duff says...
...what's behind the dueling outrages? "Without discounting the real roots and feeling of anti-Semitism both men have, most of this is really about drawing attention to a European campaign no one cares about," says Lorrain de Saint-Affrique, a political strategist who advised Le Pen in the 1980s. "Le Pen needs scandal to be elected. Dieudonné is an entertainer using politics to promote his career. Outrage generates headlines - and both men need those." Yet another thing the two have in common...
...Obama is wise, he will reflect not on Mexico's challenges, real as they are, but on what extraordinary strides the nation has made in the last quarter of a century. At the time of the Mexico City earthquake in 1985, Mexico's political system had ossified into an elective dictatorship, in which power was held by the Institutional Revolutionary Party (PRI) for a staggering half-century. The economy has always had real challenges, like a difficult geography, with lots of desert and few navigable rivers. The long impoverishment of the Indian population blighted the whole nation's economic prospects...
...prosperity and stability. To be sure, Mexico has not seen the modernization on all fronts that Spain experienced in the years after the end of Franco's dictatorship, but Spain's progress was much helped by the country's early accession to the European Union, with all the real and symbolic benefits that flow from it. The U.S. is never going to offer Mexico the sort of benefits - the free movement of labor, aid with infrastructure development and a common external trade policy - that E.U. member states enjoy. And Mexico, with an always prickly sense of its sovereignty, would never...