Word: seconded
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Dates: during 2000-2009
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...first term, SBY's Democratic Party held just 7% of seats in parliament, and he had to stud his Cabinet with political appointees to ensure legislative support. Today, the Democrats control more than a quarter of parliamentary seats. Yet instead of increasing the number of technocrats in his second-term team, SBY doled out just as many party favors this time around, with more than half of Cabinet members political appointees. "There were high expectations that with the President's significant victory he had the mandate to choose better qualified and younger candidates for his Cabinet than last time...
...export-oriented strategy. Miles of new roads and sea links to better connect this far-flung archipelago will fire that internal growth engine. Otherwise, Indonesia's economy could slow to a crawl - and few commuters in Jakarta will be willing to spend their rupiah on posters of their smiling second-term President...
...past 14 months have made predictions of impending economic doom seem a lot more credible than they used to. When Faber forecasts not only a worthless dollar but also a "collapse of our capitalistic system as we know it today," it's impossible to dismiss him out of hand. Second, the data point that has dollar worriers most alarmed - burgeoning U.S.-government debt - is for real. Finally, the global monetary setup we've had since the early 1970s (one with the dollar at its center) is looking rickety. Something has to give. (See pictures of the global financial crisis...
There's not much to add to the first point - that really bad stuff can happen - other than to note that capitalism has just experienced the equivalent of a meteor near miss. But the second and third points demand more explanation. The reason a big federal debt undermines the dollar is that a government with really big debts will be tempted to inflate its way out by printing money to pay creditors. Printing more dollars (the process actually involves the Federal Reserve's purchasing government securities with dollars it conjures out of thin air) reduces the value of existing dollars...
...Champ Movement - but has been aligning himself with President Gloria Arroyo, who needs his popularity.) Most people say they'd rather he stay a boxer and win more accolades for the nation, that his need to help lift people up can be better served elsewhere. But politics as his second act may be a strategy born of a deeper survival instinct - from knowing the limitations of a boxer's life, particularly after the fighting is done. "'Di ako bobo," he might...