Word: socialistic
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...some quarters, the European Union is viewed as a conspiracy of French socialists. And indeed, France's Socialist Party (PS) has traditionally been one of the biggest boosters of the E.U. That's why the current polarizing battle within the PS over a referendum, scheduled for Dec. 1, to accept or reject the E.U. constitution is so puzzling. Last week, the standing-room-only crowd that packed the Centre Rabelais theater in the southern French city of Montpellier went wild as Socialist Party leader François Hollande and former Finance Minister Dominique Strauss-Kahn extolled the merits...
...Seif al-Islam Gaddafi, the second son of Libya's leader. Seif says he spent most of last year coaxing his father into transforming his 35-year-old revolution, which Gaddafi has led since he waged a military coup in 1969. The aging revolutionary has ruled over a centralized socialist system, repressing dissent and supporting armed attacks against American targets. Seif, 32, is believed by many analysts and diplomats to be Gaddafi's probable political heir. He is a doctoral student at the London School of Economics, a skilled artist and a keen tennis player who frequents the courts...
...looks out on Tripoli, it is hard to grasp the potential. The city's crumbling old Italian colonial buildings are set amid billboards hailing Libya's socialist revolution and trumpeting the power of the "people's committees," Gaddafi's version of local democracy. But Libya's fans insist the possibilities are real. In the Corinthia--Libya's only luxury hotel, boasting $300-a-night rooms--Western executives crowd the lobby, rubbing shoulders with politicians and diplomats. The U.S. liaison office, the prelude to a real embassy, now operates out of bedrooms on an upper floor of the Corinthia. Two sparsely...
...socialist tailgates unite
...China's socialist-era financial system continues to make the transition to capitalism, shadow bankers may prove to be less of a threat to the system and more of an ally. The CBRC "at first treated us like ugly babies," says Wang Zhentao, vice chairman of the new investment company Zhong Rui. "Now we're growing up." The sooner the rest of the country's beleaguered banking system follows suit, the better...