Word: reformer
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...views his job as something like cajoler-in-chief. He says he has sympathy for Beijing's argument that it must move cautiously. But he also wants the Chinese to pick up the pace, because it's in their own interest to do so. Unless they continue to push reform throughout the economy-especially in a financial sector dominated by bloated state-owned banks that lend lavishly to uncompetitive state enterprises-the cost of dealing with the problem later will balloon. (And the argument is fair enough: it's a lesson the Japanese learned in the 1990s when Tokyo dragged...
...that switch hasn't happened. China's financial sector has been held back by the slow pace of reform, allowing Hong Kong's modern capital market plenty of room to grow. Not only has Hong Kong strengthened its position at the financial heart of Asia, but today it's competing with powerful centers in New York and London. Companies going public via Hong Kong's stock exchange in 2005 raised more money from initial public stock offerings-$21.6 billion?than any other exchange except New York, according to Thomson Financial. Last year, Hong Kong ranked No. 1, beating...
...Wisconsin governor Tommy Thompson has formed an exploratory Committee, while Rep. Tom Tancredo, of Colorado, visited Iowa and told reporters that he would be making a decision about running soon. Despite his low Q-rating, Tancredo presents the bigger of the two dark-horse threats. His signature issue - immigration reform - makes for the kind of sound-bite-friendly courting of the primary base and handsome visuals (miniature fence, anyone?) that can alter the terms of debate. And that's all Tancredo's really trying to do. If nothing else, he'll make life a little harder for John...
...head of the Anti-Defamation League, issued the first call to arms. The Jews, he said, faced an organized, sophisticated coalition of enemies. He described as "openly arrogant" the supposed Evangelical goal: "To Christianize us, to save us!" Within a few weeks, Rabbi Eric Yoffie, leader of the liberal Reform Movement, America's largest Jewish denomination, and Rabbi James Rudin of the ultra-establishment American Jewish Committee, reprised Foxman's complaint...
...that discourage working," suggesting instead that the debt may be tackled by stiffening capital gains or corporate profit taxes. Royal then landed Hollande a blow square to the political shorts by tapping party heavyweight Dominique Strauss-Kahn, who contested the primary against her, to lead a study on tax reform. In doing so, Royal not only turned to a recent foe to politically smite her life partner, she also handed economic expert Strauss-Kahn a strategic campaign function that could leave him ideally placed for a prime minister nod should the left triumph. Who is swinging it now, Francois...