Word: tapes
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...hard-nosed financial secretary from 1961-1971; in St. Andrews, Scotland. A disciple of 18th century economist Adam Smith, Cowperthwaite reduced the government's role in the economic affairs of the then-British colony, eliminating tariffs, lowering income tax to a maximum of 15% and slashing bureaucratic red tape. Hong Kong flourished under this policy of what he called "positive non-intervention," leading economist Milton Friedman to hail him as the embodiment of laissez-faire economics. "I did very little," Cowperthwaite said of his part in Hong Kong's prosperity. "All I did was to try to prevent some...
...Japan seems more resilient, too, under the leadership of Prime Minister Junichiro Koizumi. He has been pushing to cut the nation's red tape and deregulate the economy. One of his biggest reforms involved privatizing the heavily state-funded postal service, a highly controversial issue that prompted him to call a snap election last year. December figures released last week suggested that some of the reforms are helping to restore confidence: exports rose by 17.5%, more than expected, while imports surged by 27%, reflecting healthy domestic demand and higher oil prices. Overall, the Japanese economy grew by an estimated...
...best. Law-enforcement officials say that bin Laden's message aside, there are no signs of heightened al-Qaeda activity in the U.S., but they don't discount the possibility of a terrorist attack. "The threat's still real," says a U.S. intelligence official, "but because of this tape, does that make it any more real than it was before the tape? No." Today, the official says, al-Qaeda is not the same outfit it was on 9/11; it has morphed from a command-and-control organization into a philosophy that has "inspired cells around the world ... It's harder...
...reappearance of bin Laden came at a moment when U.S. intelligence officials felt pretty good about themselves. Even as the cassette tape was making its way out of bin Laden's secret lair, his pursuers were sending out signals across the borderlands between Pakistan and Afghanistan, where he may be hiding. In recent weeks U.S. and Pakistani intelligence agencies have stepped up their search for top al-Qaeda leaders, with the skies above the mountains buzzing with spy planes and unmanned Predator drones, and a network of local spies and informants has been scouring the landscape for information. A Pakistani...
...UCLA professor emeritus Jascha Kessler, another advisory board member who resigned, said he was also surprised by Jones’ strategy to employ students in collecting lecture notes and tape recordings of the targeted professors. Students were offered up to $50 for collecting lecture notes and hand-outs and $100 for “full, detailed lecture notes, all professor-distributed materials, and full tape recordings of every class session,” according to the BAA website...