Word: soundness
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Dates: during 2000-2009
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...stirring political phrasemaking. Today, though, Brown looks prescient. "We must now go further and develop new global structures for the global age. The events of recent months have pointed out inadequacies in our understanding of the interrelationships between financial markets and between countries." That could be a Brown sound bite from yesterday, but it comes from a 1998 speech on Asia's market meltdown. Speaking to TIME last spring, he worried about the danger of "national supervisors and global flows of capital ... Nobody has quite understood how big the restructuring of the world economy needs to be." Nobody, his supporters...
Fiscal Creep Around Europe, that ripping noise you hear is the sound made by Treasury officials tearing up their 2009 budgets. With the economy slowing, tax receipts are lower than expected, and in Britain, France and elsewhere government spending is higher than forecast. Now comes the bank bailout, and with it, a huge increase in government borrowing. British Prime Minister Gordon Brown has been the first to detail his national package, and it's making fiscal hawks shudder. It involves injecting up to $65 billion into three British banks - Royal Bank of Scotland, HBOS and Lloyds TSB - in exchange...
...that will only worsen inflationary pressures. Despite the sky-high oil prices, Venezuela is not able to grow its production because the government has used all the money for clientelist programs, rather than securing future investment. Unsurprisingly, less than two years after Chavez’s oil nationalizations, no sound international investor is eager to pour money into Venezuela. And in an election year, this may mean the beginning of the end for “twenty-first century socialism...
...Hence, it is highly unlikely that Venezuela will ever be able to afford the loans and war material it receives from Russia, for even in the medium term, the junior member of this alliance is financially unsound and, increasingly, politically powerless. Despite the threatening sound of this partnership for U.S. interests, it is clear that these unlikely allies came together out of fear: Whereas the Kremlin fears diplomatic isolation, Chavez fears his end may be fast approaching. What we should all fear is what a populist like Chavez will do with Russian weaponry at a time when he is desperate...
...little too much for this bear, since my eyelids flit and flutter as I fall asleep, and I had some issues adjusting the mask at the bridge of my nose for total darkness. While the two ear "pillows" - both detachable and adjustable - are intended to block sound, I was glad the package came with real ear plugs. The fleece-covered foam cushions did offer a slight additional buffer to noise, however, and they were definitely pillow-like - perfect for those awkward head leans on planes, trains and automobiles. Price: from...