Word: reformations
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...defaulting homeowners who get bailed out must return all or a significant portion of any profit they make on the subsequent sale of their house to the federal government. But he also stresses that one of the things he hopes the city can do with the federal aid is reform the reckless culture of home-buying by setting up tools like lender databases and buyer workshops. "This has to become an educational process as well as a relief process," he says...
...cadres happily logged 12-hour days, knowing they'd eventually be compensated with days off as compensation, in some cases making three-day weekends routine and further extending France's five weeks of paid vacation. Not surprisingly, several hundred cadres were the only ones protesting as legislators voted to reform their cushy work arrangement into obscurity. In that way, the new law already produced one small labor miracle: it made private sector executives sputter with a rage normally seen only among militant public sector strikers...
...Bulgaria's plight is also a failure for the E.U. The lure of E.U. membership is often held up as the best way to get countries to reform. The chance to join Europe is one reason Serbia saw to it that wanted Bosnian Serb strongman Radovan Karadzic was arrested this week. Serbian authorities can now look forward to new trade agreements, and to starting the long and laborious process of joining...
...expect that the episode will lead to a lasting split in the coalition. But it is an ominous sign that the current government may well follow the pattern of Berlusconi's last term (2001-2006), in which internecine battles among coalition partners of convenience perpetually hindered enacting real reform...
...Dimanche Prison during a memorial service for thousands of Haitians who died there during the Duvalier dictatorship. At least seven people were killed after protesters attempted to invade the fort. Perhaps most important, however, Haitians were upset about the disastrous state of the economy and the slow pace of reform. Last week Foreign Minister Jean-Baptiste Hilaire met with U.S. Secretary of State George Shultz in Washington and was promised an increase in U.S. aid from $50 million to $70 million for 1986. Even so, many Haitians blame their economic problems on Finance Minister Leslie Delatour, 34, a former World...