Word: reflected
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Dates: during 2000-2009
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...simultaneous applause and admonition reflect the paradoxical role of the European Commission. Often described as the engine of European integration, the Commission also is responsible for disciplining individual member states that violate E.U. rules. The rules in question are part of Europe's Stability and Growth Pact set up in 1997 amid German concerns over budgetary discipline in countries about to join the euro zone. Designed to discourage governments from destabilizing the euro zone by borrowing too much, the rules limit national deficits to no more than 3% of gross domestic product. Countries that go over that limit can face...
Considered Pigouvian, the gas tax makes driving reflect its true cost, economically and environmentally. Driving and burning gas is associated with many negative externalities, as it produces pollution and contributes to global warming—both of which tax payments can help offset. On the environmental front, a higher gas tax will also create incentives for motorists to buy more fuel-efficient cars, or even hybrids. It might also encourage people to carpool or use the public transportation system more often. This in turn will decrease air pollution and traffic jams...
...addition, if the tax is passed, future toll increases will be unnecessary. This is fortunate, as gas taxes reflect a more equitable taxing policy than tolls, since all motorists share the tax burden fairly, not just those who travel on certain roads. The alternative solution—increasing tollbooth rates—also does not promote the adoption of greener modes of transportation...
...saying that he is hopeful and completely convinced we're going to come through this." Obama will almost certainly demonstrate that sentiment on Tuesday night, if for no other reason than it is what every President in modern memory has done when addressing a joint session of Congress - reflect upon the current challenges, while promising that America's greatest days lie ahead...
...sought legitimacy through the acquisition of overseas trophies, without paying enough attention to the long-term viability of the companies being acquired, according to a senior analyst with Crisil, an Indian debt-rating agency. Differences in culture, managerial norms and regulatory environments were improperly understood. "The past few months reflect that [India] became overconfident," the analyst says. "The Indian story became the gospel truth and vulnerabilities were not recognized." Those vulnerabilities are readily apparent...