Word: summiteer
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Dates: during 2000-2009
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During an economic summit in Beijing last month, U.S. Treasury Secretary Henry Paulson and the rest of a high-powered American delegation, including Federal Reserve Board Chairman Ben Bernanke, had to suffer through a condescending lecture, replete with PowerPoint presentation, from China's Vice Premier Wu Yi. One of the country's top bureaucrats and a woman with a vaunted reputation as a problem solver, Wu enlightened the Americans with a lesson on the 5,000-year history of China. Her essential point: those who criticized China's economic policy did so out of ignorance. "We have had the genuine...
...Will China take Paulson's message to heart? The yuan has risen slightly since last month's summit in Beijing, but it's still not clear that Hu and his fellow leaders have any real sense of urgency on trade and currency issues. Lardy, the Institute for International Economics fellow, is skeptical that there will be any significant policy changes soon. He calls China's leaders "momentum players," observing that they are loath to change course while things are going well. After all, China has double-digit economic growth, huge trade surpluses, and more than a trillion dollars in foreign...
...Abbas evasively replied to Rice that "he would think about" attending the summit. Just a few hours after Rice's Middle East road trip has moved on, Abbas was already under pressure from Hamas and from his own Fatah movement not to go. As one senior Fatah Central Committee member, a veteran of several past tripartite summits, told TIME: "We go and meet the Israeli Prime Ministers and what do we get? Lies, lies, lies. So in the eyes of Palestinians we become partners to these lies...
...summit that nobody wants much except the Americans. Palestinians, in particular, gripe that Rice is dragging them to it. They say Rice only wants to show Arab moderates-whom the U.S. needs to help repair the chaos in Iraq-that the Bush Administration is keen to make headway on the Israeli-Palestinian impasse. U.S. officials told Abbas's team that it is unlikely President George W. Bush would attend the summit himself. At the summit, scheduled for next month in an as yet undisclosed location, Rice would represent the U.S. side, and the two other participants would be Israeli Prime...
...sure bet that won't happen. The two rival Palestinian factions-Abbas's Fatah movement and the Islamic militants Hamas, which run the government-are now shooting at each other, and it is doubtful that they could agree on Israel's terms before the summit...