Word: spigot
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Dates: during 2010-2019
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...overly cautious and asset-impaired or because businesses are uncertain about the future - or just aren't creditworthy borrowers? A recent survey by the National Federation of Independent Business found that companies that couldn't borrow typically had declining sales or depressed real estate values. Simply opening the lending spigot doesn't seem to be the answer...
...recession-busting stimulus plan proved more effective than Washington's. With no political debate to get in the way, China's bureaucrats splashed money everywhere to toss up shiny new infrastructure. The slumping economy needs more credit? Well, that's easy - if you own the banks. Just open a spigot and watch the money flow. China's government can also push ahead on important long-term projects with greater speed. While health care reform in the U.S. languishes in Congress, China is building an extensive health care system to cover nearly all of its 1.3 billion people. (See TIME...
...proclaim, but getting them to like Americans is not going to win the war. Success will only come when Afghans are willing to pay taxes to a government that is able to provide those services itself. Otherwise, the foreign endeavor in Afghanistan is destined to fail - when the donor spigot is turned off, local goodwill is bound to fade. Or worse, as in the case near Jalalabad, magnanimous gestures can all too easily be turned into an opportunity for grievance...