Word: reformations
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...threaten countries now? Simon Tilford, chief economist at the London-based Centre for European Reform, says any attempt to stick with the pact through the global economic crisis could unleash a political crisis. "Against a backdrop of recession or economic stagnation, painful spending cuts would be extremely difficult for any government to sell to voters," he says, questioning whether such reductions would even succeed. "Drastic cuts in spending or [raising] tax risks deepening the recession, which would in itself prevent an improvement in the fiscal position...
...neoconservative economist N. Gregory Mankiw, the former chair of President Bush’s Council of Economic Advisors and professor at Harvard University. I agree with Dr. Mankiw’s support for free trade and his expression of disappointment that the Republican-controlled Congress did not reform Fannie Mae and Freddie Mac. However, most of his ideas are precisely what led to our country’s current economic disaster...
...Safety and Health Administration - and it has the power to delay or reject the ones it believes will be too costly to impose. "Every time the agencies come out with a regulation that's controversial, OIRA tries to stop it," says Rena Steinzor, president of the Center for Progressive Reform, which in January issued a report critical of Sunstein's support for cost-benefit analysis. "And their main tool is cost-benefit analysis...
...statistic (Russia's large population in proportion to the rest of Europe, for one), the chief factor was clear: Russians are unhappy with their own court system and don't believe they can get justice from it. Russian President Dmitri Medvedev, a lawyer himself, announced plans to reform the Russian justice system to stop the flow of complaints to the ECHR in Strasbourg, France. Said Medvedev: "I generally agree that the Strasbourg court, with all my respect for it, cannot and should not replace Russian justice...
...issues like health care and regulatory reform, Cantor says both sides must come together. "I think, obviously, the challenges that face the American people are enormous," he says, "and because it is an equal-opportunity challenge, it's not just Democrats or Republicans that suffer, it's all of us. I believe that President Obama and the Democrats will work with us because the stakes are just that high." He also emphasizes the large areas of agreement between Dems and Republicans on upcoming legislation, such as the need for an austere budget (though Cantor opposes letting President Bush...