Word: reformed
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Dates: during 2000-2009
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...wealth. But measures like a minimum-wage hike irked the political and business élite who fear Zelaya's ties to firebrand Venezuelan President Hugo Chávez. Zelaya overreached in June when he defied a Supreme Court order not to hold a referendum asking if a constitutional-reform assembly should be held. But instead of trying him legally for that crime, Zelaya's foes committed their own - flying him off to exile at gunpoint. (They rationalized the move by insisting Zelaya was plotting to lift Honduras' own ban on presidential re-election, though his referendum never broached the issue...
...almost comically inadequate. The flimsy contraptions are no match for millions of commuters, who swarm through and around them undeterred as they shake with the surge of the crowd. During this year's national elections, urban voter turnout remained well below that of the villages, and none of the reform-minded independents who ran for Parliament won more than 2% of the vote - including the outspoken, idealistic banker Meera Sanyal, who ran in south Mumbai. R.R. Patil, a Maharashtra state politician who resigned when his remark that Mumbai's death toll could have been worse sparked public outrage, is back...
Though he doesn't know it, shop manager Zhu Baohua is on the front lines of the battle to reform the global economy. Zhu's three-floor electronics store, crammed with Sony TVs, Motorola cell phones and HP PCs, is located in a nondescript neighborhood in the western Chinese city of Xi'an. Far from China's dynamic coastal manufacturing and financial centers, Xi'an for decades has been an economic backwater known mainly as the home of China's famed terra-cotta warriors, reminders of the city's glory days as a capital of ancient dynasties...
...keep that change going, the Chinese government has more work to do, however. Though the ingredients of rebalancing might be percolating in Xi'an and the rest of China, making it actually happen will take additional reform. The economy is still too dependent on investment and government spending instead of private consumption. Even though consumer spending is increasing, it is not growing quickly enough. Private consumption's role in the economy has actually been declining, to a mere 35% of GDP in 2008 from 46% in 2000. Economists say policymakers need to speed up the development of a better social...
...attention to the news today, there are so many stories that have an economic or business or finance angle to them, whether it is health care reform or bailouts or the stimulus package,” Nieman Foundation Curator Robert H. Giles said. “There are important economic elements to each of these stories...