Word: reformations
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...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...
...lobbyists or PAC’s, which both candidates eschewed. However, Khazei highlighted the personal wealth that Pagliuca, co-owner of the Boston Celtics and managing partner at private equity firm Bain Capital, was pouring into the race. Besides that, the two largely agreed on issues such as immigration reform and the current health care bill...
...chairman of the Senate Homeland Security and Governmental Affairs Committee, announced that he was launching an investigation into whether the Fort Hood massacre suspect was in fact a terrorist. The Sunday before, on CBS's Face the Nation, Lieberman said he would support a Republican filibuster of health care reform if the Democratic bill included a public option - as it currently does. "I feel so strongly about the creation of another government health-insurance entitlement," Lieberman told CBS's Bob Schieffer. "I think it's such a mistake that I would use the power I have as a single Senator...
...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...