Word: reform
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Dates: during 2000-2009
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...question now is what SBY will do with the overwhelming mandate he received from the Indonesian people in July. In his first foreign-media interview since his re-election, the President sounded the note of change: "Bureaucratic reform is one of my top priorities and so is combating corruption. If we achieve this, we can create a conducive climate for our economy to grow and our people to prosper." Dumping a marriage-of-convenience Vice President from his first term, SBY selected respected former central banker Boediono as his No. 2 this time around; despite political pressure, he has kept...
...find renewed, and healthier, growth. China saves too much and spends too little, leading to giant surpluses and hard currency reserves, while the U.S. saves too little and spends too much, creating giant deficits and debt. Unless China can transform its citizens from savers to spenders, the reform of the entire world economic system could suffer. "I don't see any evidence" that China's economy is rebalancing, MIT's Huang says. "Its always difficult to get consumption to grow in a limited period of time." Greater consumer spending in China could have a big impact as well...
...domestic spending will be less welcome. The most sensitive of these issues may be China's currency regime. Obama will probably try to cajole Beijing into allowing the yuan to appreciate, thus making Chinese exports less competitive. But economists doubt China's leaders will take drastic steps to reform its currency system anytime soon...
...however, the idea that he might bring down health care reform - the biggest item on the Democratic agenda - sticks in many a liberal's craw. "The overwhelming majority of the American people want a public option. And I think if you break it down even further, over 80% of Democrats - and this is going to be a Democratic bill - want a public option," says Senator Bernie Sanders of Vermont, the only other independent in the Senate. Sanders was one of a handful of Dems who voted to boot Lieberman from the party back in January and says that if given...
Pressuring Lieberman, however, might prompt him to leave the party, a move that would deprive Democrats of their 60th vote, not just on health care but on other issues like global warming and financial regulatory reform. That has led most of his colleagues to soft-pedal their persuasion. "I've talked to Joe several times," says Maryland Senator Ben Cardin. "I think he's interested in getting a bill done...