Word: reformations
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...Tall Order The economic problems quickly became a political challenge for President Lee. A former CEO of Hyundai's construction company, Lee triumphed in the country's 2007 election on a platform of reform aimed at returning South Korea to rapid growth. Not only did the economic crisis make his campaign promises sound hollow, the President and his policy team came under heavy criticism for reacting too slowly to stem the turmoil. "The problem has become deeper than necessary," says Charles Chang, managing partner of Seoul-based boutique investment-banking firm Accolade. "It is the failure of the government." Chang...
...that we've brought "change" by giving even more power to the party that forced bad loans and obstructed Fannie Mae reform while driving jobs overseas, it should not take long for Barack Obama to set the record straight on which party is actually pushing the "failed policies of the past." The only question is whether he will be able to continue blaming Republicans for the disastrous policies of Democrats. Robert Moon, CINCINNATI, OHIO...
...belief in Obama as a force for moral reform rests on another shaky pillar--the idea that people should get their values from what they see on television. This goes for entertainers and Presidents. Obama can't do the work of the family. It's not his job to buy your kid a belt or teach him to box. His job is to monitor this nation's nuclear arsenal, not your daughter's iPod...
...acquisition of construction, oil, gas, and power companies. With years of experience in international business, Abimbola attested to a recent change in the prospects for African development. While the continent had previously been plagued by political strife and corruption, he said, many African governments have taken steps towards reform. Due to greater political stability, young entrepreneurs now have the incentive and capability to succeed. “There is a generation of opportunity in Africa,” Abimola said. However, Abimola said, the continent’s historical record continues to hurt international investment. While companies are eager...
...president, Obama will need the coalition that elected him to help craft his version of good government. Democrats made tremendous strides with this campaign, but, if Obama voters tune out, the electoral landscape could shift back toward polarization and conservatism. Obama’s promises of health-care reform, economic recovery, and tactful foreign policy hang in the balance...