Word: term
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Dates: during 2000-2009
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...overstuffed chair, Obama has warned about the rocketing increase in health-care insurance - 5.5% last year, according to one study - and promised to bend the cost curve down in the future. He has described changes to the health-care system that could bring down costs for families and long-term government deficits. But his numbers are hypothetical. "If we are able to slow the growth of health-care costs by just one-tenth of 1% each year," he announced in a recent address to Congress, "it will actually reduce deficits by $4 trillion over the long term." (See pictures...
...theories behind the proposed cost savings are well documented. But he is promising something that cannot be demonstrated just yet, so instead of using the number he originally did, he has now settled on phrases like "It's going to start driving down our costs over the long term...
...victorious politicians seeking to temper triumphalist election-night speeches with a little humility. But as Chancellor Angela Merkel acknowledged her party's win in parliamentary elections in Germany on Sept. 27, she had especially good reason to caution against overexuberance. Her Christian Democrats (CDU/CSU) had secured another four-year term as the senior partner in a ruling coalition. And thanks to big gains by the center-right Free Democrats (FDP), who espouse economic liberalism and have a tradition of close ties to Washington, Merkel and her colleagues should be able to shed their existing coalition partner, the Social Democrats...
There is certainly work waiting. One of Merkel's greatest achievements in her first term was to hold together a grand coalition with her rivals and natural ideological opponents, the SPD. She did so through compromise and caution. As the world weathered economic storms and rapid social change, the German government responded slowly and carefully. (See pictures of world leaders including Merkel on vacation...
...This may be the flaw in China's strategy to nourish private-sector enterprises. If SMEs are to tap the capital markets for steady and sustainable financing, investors must be willing to support them for the long term. Unfortunately, the market's current get-rich-quick mindset cannot be changed overnight. Hong Kong, a more mature financial center, launched a GEM board 10 years ago. It has not been a notable success, with just 172 companies and total market capitalization of $11 billion - equal to 0.6% of the main board...