Word: reformer
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...second message is less direct - because it relates to areas outside the bank's responsibilities - but goes to the heart of what many observers believe is the country's lethargy about economic reform. During the past three years, demand has run well ahead of supply. After 14 years of output growth, the nation's spare capacity has been used up: there are shortages of skilled workers in a number of industries, particularly construction, and the price of raw materials and wages is rising. For instance, in Queensland electrical workers at Energex and Ergon secured a 31% pay rise over three...
...highly secretive National Security Agency for the past six years. Diminutive and bookish in appearance, Hayden, 59, has already shown himself willing to stand up to Rumsfeld. A former senior U.S. official told TIME that while Rumsfeld made it clear that he thought Hayden, who supported intelligence reform after 9/11 and the Iraqi WMD fiasco, "was not right-thinking on these matters," Hayden nevertheless testified to Congress in favor of serious reform last August. "It was very clear that the Secretary was displeased," said the former official...
...Your domestic popularity has rebounded. What's your strategy in the near term? We certainly have to continue the reform process. We have strongly reformed the labor market and built a really huge low-wage sector. By reducing long-term unemployment subsidies and benefits, we will have resources that can be invested in education and training. We are no longer going to live with the situation where a lot of unemployed people hover in a market where nobody sees them or does anything for them. We've also carried out the biggest tax reform in modern German history, returning...
...aftermath of the war in Iraq, the Administration has realized it can't change the world on its own. Similarly, the Europeans have learned that it sometimes takes good, old-fashioned U.S. might to get the attention of undemocratic regimes and so prepare the ground for reform. There is a lot the U.S. and the E.U. can do together to rein in the nuclear ambitions of North Korea and Iran, to further cement Turkey's relationship with the West, to combat the threat of terrorism. So while he's traveling through Europe this week, President George W. Bush might want...
...seems a long way off. Last week, a huge explosion ripped through Fuxin's Sunjiawan mine, killing 213 miners, the worst mine accident reported since the founding of the People's Republic. The blast was the latest in a series of massive disasters that have prompted government pledges of reform and official recognition that $6 billion needs to be spent improving safety in state-run operations. China's mines are the world's deadliest: last year 6,027 coal workers were reported killed in China?about 80 percent of the global total?though independent observers say the actual number could...