Word: reformer
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After all, Smyth still has to finish a 25-page term paper on campaign finance reform due the next afternoon...
...European Union and the Russian Federation, the Geneva agreement is in fact the missing piece of the puzzle. As is well known, the road map envisages three steps with clear objectives and deadlines: first, the Palestinians immediately undertake measures for the cessation of violence and reform their institutions, while Israel dismantles settlement outposts erected since 2001. In the second phase, a Palestinian state is created with provisional borders and attributes of sovereignty. Only then, in the third and final phase, do the parties negotiate the final status of the Palestinian state...
...fallen so far? The main problem is the failure to find illegal weapons in Iraq, which Blair stressed as the only legal justification for a war that his M.P.s found dubious. Another problem is the surprising force of Old Labour, the party members who stress social justice over technocratic reform and have grown impatient with Blair's affection for the private sector. They rebelled last year over injecting more private money and control into hospitals, and have drawn the line at Blair's plan to require tuition fees of up to $5,500 per year. Their complaints go beyond policy...
...spring in their step. (One leading indicator for tech-stock bulls: vintage '95 Taittinger champagne at the Silicon Valley reception.) But there were other signs of optimism, notably the scores of young business leaders from the Arab world who spoke eloquently of their desire for real political and economic reform...
Will Parmalat become Italy's Enron, a crisis that leads to business reform? Don't bet on it. Yes, the government of Prime Minister Silvio Berlusconi amended Italy's antiquated bankruptcy rules to protect Parmalat from creditors, and the government plans to merge a plethora of regulators into a single agency with real teeth. But the credibility of these efforts is being undermined by Berlusconi himself, Italy's richest man. For instance, last year the government reduced the penalties for false accounting, an offense for which Berlusconi was indicted in 1999. Also, to avoid bribery charges, he pushed through...