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...BAILOUTS The government and manufacturers have got to stop bailing out the weak at the expense of the strong. Keeping airlines on artificial life support is not a long-term benefit to anyone--and distorts the market. Additionally, government reform to allow mergers among carriers would help stabilize the industry. We don't need 20 airlines to provide competition. New entrants will always keep others from dominating a market...

Author: /time Magazine | Title: How to Fix the Airline Mess | 9/19/2005 | See Source »

While airlines are often their own worst enemy, by doing things like thwarting pension reform or holding out on needed fare increases, they can make progress with some enlightened government guidance. Let's forget the handout approach, and let them fight it out in a truly deregulated marketplace...

Author: /time Magazine | Title: How to Fix the Airline Mess | 9/19/2005 | See Source »

...election as a referendum on his postal-privatization plan and outmaneuvering his rivals with dextrous political campaigning, Japanese Prime Minister Junichiro Koizumi has scored his greatest victory, helping the ruling Liberal Democratic Party (LDP) to its biggest majority since 1986. The encore, however, could prove trickier. Koizumi's postal-reform bill, aimed at breaking Japan's $3 trillion postal service into four separate companies by 2017, will be re-submitted at a special Diet session this week and is all but guaranteed to pass. His plans beyond that are hazy. Koizumi has promised to step down when his term...

Author: /time Magazine | Title: Koizumi's Next Act | 9/19/2005 | See Source »

...count against Turkey's bid. "This is without doubt an example of utmost intolerance," he told Time. "But I don't want that intolerance to be an obstacle in Turkey's road toward the E.U." Since coming to power in 2002, Prime Minister Recep Tayyip Erdogan has introduced reforms - such as Kurdish cultural rights and curbs on the military's political clout - in a bid to meet E.U. standards. But the country's old guard still sets its face against change. "There has been a huge amount of legal reform, but it takes time for the mental transformation to sink...

Author: /time Magazine | Title: How to Talk To Turkey | 9/19/2005 | See Source »

...Kennedy School directs a program teaching basic market economics and related subjects to Vietnamese civil servants. We have assisted with financial reform efforts in Ethiopia and Indonesia. And we have helped many countries, such as Mexico, China, Bolivia, South Africa, and Singapore, establish their own public policy schools as they strive to become more self-sufficient in their own development and governance...

Author: By David T. Ellwood, | Title: A Commitment to Development | 9/16/2005 | See Source »

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