Word: reformer
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...Last week it vowed to cut oil production 4% to prop prices. In Europe, the single-currency system called the euro may be fighting for its survival if stagflation continues to cripple the region. And in Asia, Japan's new Prime Minister is struggling to carrying out his ambitious reform to revive economic growth. Failure will deepen Japan's coma and take Asia with...
...JAPAN'S REFORM FAILS--AGAIN The country is in its second decade of economic paralysis. Consumers aren't buying much. Bankers aren't lending much. The government is deep in hock. The only hope of escaping this mess is represented by Japan's newest Prime Minister, Junichiro Koizumi, who is determined to administer economic shock therapy. Koizumi promised he would slash government spending, compel major banks to speed up disposal of bad loans--estimated at nearly $1 trillion--allow unprofitable companies to go bankrupt and restructure the economy to make it more market oriented...
...course China's reformists have the harder time of it. The corollary of modernization and reform, in Beijing's consensus, is maintaining order and stability under the centralized control of the Communist Party. But the deeper the scale and pace of reforms, the more potentially volatile their society becomes. To comply with World Trade Organization rules, for example, China will have to open its doors to competition that will leave millions of its citizens jobless in a fast-changing society. So the hard-liners have plenty of material to work with, even as the reformists have to keep the door...
ELECTED. JACQUES ROGGE, 59, as president of the International Olympic Committee; in Moscow. A Belgian-born orthopedic surgeon and former three-time Olympian in sailing, Rogge will oversee I.O.C. reform in light of the Salt Lake City bribery scandal. He said that he will try to reduce the influence of performance-enhancing drugs...
Every politician has an image - but most of them have no life story that would be worth writing down, or making into a movie, except maybe as a warning about special interests and the need for campaign finance reform...