Word: spites
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...well-timed political move. The month of January witnessed accumulating reports of multi-million-dollar bonuses, corporate retreats, and profligate spending in corporations either receiving or courting federal bailout money. Then it was confirmed that Wall Street employees had received $18.4 billion in bonuses for 2008, in spite of dismal performance for banks as a whole. Meanwhile, the Obama administration, riding on a wave of high ethical expectations, has faced embarrassing criticism for political appointees accused of tax evasion and misuse of corporate privileges. Between declining consumer confidence and flagging expectations, it was a prime moment for the Obama administration...
...Israel and the U.S. set out to isolate Hamas by cutting off Gaza from the outside world. The justification was that Hamas was a terrorist organization “dedicated to the destruction of Israel.” Israel and its allies persisted in this strategy in spite of repeated indications, reported faithfully in the New York Times, that Hamas, like the Palestine Liberation Organization of Yasser Arafat before it, was looking for face-saving means to alter its position and accept a two-state solution...
...Well, add one more reason to spite Ronald: as the global economy spirals downward, McDonald's is minting money. The company addicts us to its food, and now it's making out on our misery? But maybe it's time to change our attitudes about the Golden Arches. What may be bad for the waistline may be good for the wallet. In these tough times, those $3.50 Big Macs never tasted so good. (See the evolution of McDonald's fine-food chain Chipotle...
...Unsurprisingly, several big-name Chinese companies on the international stage - Lenovo, Alibaba, Sina and Haier - registered many of their operations as foreign firms, accessed Hong Kong's capital market and legal system and thus succeeded not because of the regime's economic conduct but in spite of it. For reinforcement of the mainland's shortcomings, Huang points to Shanghai, where the mushrooming Pudong skyline masked a poor record on innovation and a lack of private-sector companies of note (its greatest success story, e-commerce star Alibaba, fled to Hangzhou in the neighboring and more entrepreneurial Zhejiang province...
...spite of the past eight years, the CIA is an institution we don't want to, and shouldn't, give up on. The rank and file in the CIA understand that they need an advocate in the White House, just as the agency needs someone who is able to tell the President no. The only question now is whether Panetta will have the portfolio to do what is absolutely necessary: move the CIA out of Washington and away from politicians, get the CIA out of covert action once and for all, and pay CIA employees what they deserve...