Word: terming
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...Bambang Yudhoyono. The hawking of new merchandise in some of the world's worst gridlock is a fitting metaphor for a country that hopes to add a second I to the so-called BRIC emerging economies of Brazil, Russia, India and China. Just as SBY's second five-year term will draw to a close in 2014 - by which time he has vowed at least 7% economic growth, up from the 4.5% estimated for this year - urban planners fear that traffic in Jakarta will grind to a halt unless its transportation system is overhauled...
...anyone can keep Indonesia moving, it's the 60-year-old former army general who last month was sworn in for what, by law, is his final term. SBY, as he is commonly known in Indonesia, already made history in 2004 as the country's first directly elected President. In a nation where 14% of the country's 240 million citizens still live under the poverty line, SBY, who has a careful, consensus-driven leadership style, delivered one of the G-20's most impressive economic growth rates this year. His anticorruption drive, which landed even...
...President sounded the note of change: "Bureaucratic reform is one of my top priorities and so is combating corruption. If we achieve this, we can create a conducive climate for our economy to grow and our people to prosper." Dumping a marriage-of-convenience Vice President from his first term, SBY selected respected former central banker Boediono as his No. 2 this time around; despite political pressure, he has kept on Finance Minister Sri Mulyani Indrawati, whose commitment to cleaning up Indonesia's regulatory morass has delighted foreign investors even as it has irked some of the President's closest...
...President's new Cabinet pleases reformists. During his first term, SBY's Democratic Party held just 7% of seats in parliament, and he had to stud his Cabinet with political appointees to ensure legislative support. Today, the Democrats control more than a quarter of parliamentary seats. Yet instead of increasing the number of technocrats in his second-term team, SBY doled out just as many party favors this time around, with more than half of Cabinet members political appointees. "There were high expectations that with the President's significant victory he had the mandate to choose better qualified and younger...
...steps to beef up welfare programs to alleviate the financial burden faced by Chinese families and loosen their purse strings. Beijing, for example, is undertaking a three-year, $125 billion program to build hospitals and clinics to extend healthcare to 90% of the population. Along with these very long-term efforts to boost consumer confidence, the government has also implemented short-term measures to spur on spending. Car sales this year have been boosted by tax breaks and China's own "cash-for-clunkers" program. Xu Zhanrong's Wuling minivan sales have been helped along by a special 10% rebate...