Word: regionalize
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Much of America's news in recent months has been dominated by the gravest economic and financial crisis in decades. But parts of this region continue to experience an economic boom mainly driven by recovery efforts related to Hurricane Katrina. Just last week, the University of New Orleans published a report estimating that 11,700 jobs were added across metropolitan New Orleans between the third quarters of 2007 and 2008, a 2.3% increase. Much of that growth came from the construction industry, which experienced a 6.2% gain in jobs driven by massive bridge, road and school projects. That compares with...
What's more, the region's housing market remains relatively robust, mainly because post-Katrina demand for suitable housing remains strong and local banks haven't engaged in the sort of risky mortgages that have caused problems elsewhere in the country...
Researchers predict the region's economic recovery will last at least seven years - far beyond the expected end of the national recession sometime in 2010. Even so, there will be some downward pull from the U.S. economic slump. In 2009, for instance, they expect some 8,000 jobs to be added here, a figure that will drop to 6,500 jobs in 2010. "While the rest of the United States is in a deeper recession than anyone expected, we're certainly in a better place - we are an economy that's still looking for workers," says Janet Speyrer, associate dean...
...Unless voters learn to identify rulers beyond a family crest or party symbol, the region's leadership crisis will only feed the historical assumption that Asians are somehow ill-equipped to handle democracy. John Stuart Mill, whose writings helped gird modern democratic principles, dismissed the Indians living under British rule as "barbarian," perhaps better suited to despotic rule. The colonial assumption was that Asians were somehow not civilized enough to handle democracy...
...Developing Civil Society Many of the region's people-power revolutions occurred because of the courage of independent activists leading the downtrodden masses. The intervening years, however, have bred disenchantment within Asia's civil society. One of the architects of Thailand's PAD is Chamlong Srimuang, a Buddhist ascetic who spearheaded the country's seminal 1992 democracy movement. This time around, Chamlong campaigned on the streets to rid the country of its elected leaders. Like others in the opposition alliance, the 73-year-old believes that democracy is so corrupted in Thailand - votes are bought, the rural electorate is woefully...