Word: richness
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...rich nations to see things differently will require diplomatic skills that often eluded his uncle, a dour and sometimes acerbic figure who clashed publicly with the U.S. over the Balkan wars, the genocide in Rwanda and Washington's unpaid U.N. dues. "My uncle tends to more public display, he tends to be more blunt," Boutros-Ghali says. "[At the IMF] different things are at stake. I will pound my fists in a closed room; there's nothing to be gained from doing it in public...
...tact, however, Boutros-Ghali is not averse to holding up a mirror to the rich nations every once in a while. On the eve of last month's G-20 summit in London, he warned that giant stimulus plans like those announced by the U.S. and the U.K. could lead to a humanitarian catastrophe in the developing world, because borrowing by rich countries would divert funds from the poor. "People are going to die, babies are not going to get the proper nourishment," Boutros-Ghali said. "Poverty is at the doorstep, something needs to be done." (See pictures of poverty...
...warnings, echoed by prominent economists, were heeded. At the London summit, the rich nations, wrangled by U.S. Treasury Secretary Tim Geithner, decided to triple the IMF's resources to $750 billion. After nearly a decade on the sidelines, it was suddenly a player again. "The IMF is back," crowed IMF managing director Dominique Strauss-Kahn. Boutros-Ghali is more cautious: "Now we need to make sure the money shows up, that it wasn't just pious words." (See pictures of the global financial crisis...
...trial lawyers' lobby is not being asked to endure the cost savings that tort reform would bring to health insurance. The teachers' unions are unscathed as billions in new spending is poured into public education. Costly - and popular - farm subsidies are untouched (except for those painlessly targeted at "rich" farmers...
...greatest coaches I've ever played for. He was a respected voice in our locker room and the driving force behind our two NBA championships with the Detroit Pistons. And, let's not forget, the man was a great dresser--a fact that led directly to his nickname: Daddy Rich...