Word: reformer
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...Philippines. When Aquino came to power, Arroyo was appointed undersecretary of trade and industry, and she remains passionate about the need for freer trade and increased foreign investment for the Philippines. Arroyo won a Senate seat in 1992 and helped write 55 laws on economic and social reform...
Bush will have trouble enough trying to execute Rove's plan in the face of Democratic opposition. But his biggest distraction may come from Republican rival John McCain, who is poised to launch an all-out battle on behalf of his favorite issue, campaign-finance reform. McCain will reintroduce his signature bill in the Senate this week and unveil a new grass-roots organization, Americans for Reform, to browbeat Congress into passing his ban on soft-money contributions. Bush, who hates the bill, plans to meet with McCain on Wednesday to try to talk him into delaying a vote until...
...billions?dishing out money to obsolete state-owned enterprises and deadbeat companies, many of which are owned by bankers' and officials' friends and relatives. About one out of every four Chinese bank loans are not paid back, according to official figures generally thought to be rosier than reality. Making reform and recapitalization of domestic banks all the more urgent is the country's entry into the World Trade Organization, which means cash-strapped lenders will, within five years, face competition from foreign financial institutions for the first time...
...Analysts suspect that virtually all of China's bankers have skeletons in their closets. Observers argue that wholesale replacement is impossible because of the nation's dearth of experienced, upright managers. "There's no question reform is happening," says Pu Yonghao, senior economist at Nomura International in Hong Kong and a former BOC employee. "But the banks are only mimicking modern, Western practices. Inside, the Chinese personnel just don't have what it takes to make changes quickly enough...
...Rich pardon - and especially the fact that Clinton granted it without consulting the Justice Department - that has generated the most heat on Capitol Hill. Though the pardon can't be revoked, Representative Dan Burton, the Indiana Republican and longtime Clinton critic who chairs the House Government Reform Committee, has already started gathering documents for a hearing; Senate Democratic leader Tom Daschle says it may be time to reexamine the President's pardon power. Even by Clinton's own reasoning, which he voiced in a speech two days before the pardon, Rich did not seem to qualify. "Most of these people...