Word: systemically
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...never realistic, the second best outcome for Washington - captured succinctly in a 2005 speech by the then U.S. Deputy Secretary of State and current World Bank president Robert Zoellick - would be for China to demonstrate it is a "responsible stakeholder." America would ensure that China benefits from the global system of international rules and laws developed since World War II and institutions like the World Trade Organization. In return, having acquired a stake in this system, China would realize that it is in its own enduring interest to support the pre-existing global order. (See pictures of U.S. Presidents...
...emergence of the world's most populous country. The U.S. wants the endgame in China to resemble the rest of East Asia - genuinely believing that this will ultimately achieve lasting stability and mutual prosperity - and complains that China remains an insular, self-interested and subversive beneficiary of the system. (Read "Five Things the U.S. Can Learn from China...
...Coalition, a marijuana dispensary located in a small medical plaza on the northern outskirts of Denver, and your nostrils fill with the same pungent odor that once stank up your college roommate's underwear drawer. But the visual cues are at odds with the Steppenwolf playing on the sound system: a uniformed security guard leans by the door, while grass is displayed in neatly labeled jars under glass. Along one wall is a large, horizontal one-way window, behind which, one assumes, are eyes sharper and brighter than those of the clerks and customers...
Most Greeks agree that the tax system and the bloated public sector, dubbed "the country's sickest patient," are at the root of the problems. In a country of 11 million people, nearly 850,000 workers are employed by the state--the country's biggest companies are state-run or -managed. They get generous perks, like 14 paychecks a year instead of 12. Many enjoy a workday that runs from 7:30 a.m. to 2:30 p.m. "The state has an irrational control of the economy," says Yannis Stournaras, director of research for the Foundation for Economic & Industrial Research...
...government expects to close the $75 billion fiscal gap by cutting operating expenses 10%, freezing wages and halting new hires. The plan calls for the creation of a new independent statistical service, which should make it harder for officials to manipulate data. It also includes an improved tax-collection system designed to catch tax cheats, who have created an underground economy worth possibly as much as 25% of the country's output. The method proposed: incentives that encourage Greeks, who for decades have paid for services in cash, to ask for receipts, to pressure service providers to report the income...