Word: reformers
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Dates: during 2000-2009
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...Take the Asian financial crisis of 1997. In South Korea, the biggest corporate failure - the collapse of the humungous Daewoo Group - happened two years after the onset of the crisis, when healthy economic growth had already returned. The crisis had undermined the fundamental willingness of a reformed banking sector and reform-minded government to continue backing the country's bloated and financially irresponsible companies. Daewoo's problems originated before the Asian crisis, but they only exploded after the crisis...
...weeks ago, Senate Banking Committee chairman Chris Dodd unveiled an ambitious, far-reaching plan to reform regulation of America's financial system and quickly found himself facing a brick wall of opposition erected by Republicans, regulators and financial-industry bigwigs. Now he's trying to work with Republicans to get the thing moving again. (Read "Financial Regulation: Way Easier Than Health Care...
...recent days, Dodd has reached across the aisle to the GOP to create bipartisan working groups to tackle the four hardest questions in financial regulatory reform. Each of the working groups includes one Democratic and one Republican Senator from the committee, each of whom has one staffer along at the meetings. Between them, these 16 people are trying to rewrite the way the American financial industry does business - and, as a result, avoid another global financial meltdown. In theory, the process could succeed. "We have points of agreement," says one top GOP staffer. But he adds: "The working groups...
...likely to be the last of a tradition that has sustained us, far from family, for many holidays. Already the guest list has come down in size as old friends leave Afghanistan, not because of the security situation but because of an overwhelming frustration with how development and reform has been so poorly conducted by both the Afghan government and its international partners. U.S. President Barack Obama's frequently leaked deliberations over his new Afghan strategy indicate to us here in Kabul that an exit strategy is being prioritized over a sustainable solution for a peaceful, stable future in Afghanistan...
...Anything that we talk about regards policy to a huge degree reflects the debates that have been held inside the party. And on policy, we have done very well - our policies have been very good. We have five priorities: education - critical; health - critical; rural development; job creation; and land reform. (See pictures of Johannesburg's preparations for soccer's World...