Word: tooled
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...world: it is flat (economically), America's influence is waning (or waxing), the nature of power is changing, growing softer, more multilateral (or unilateral). Gelb takes a defiant step in the opposite direction, away from gimmicks and grand theories, toward a re-examination of the most basic and eternal tool in the game of nations. He does not dispute that the world has changed: globalization exists, as do Osama bin Laden and dirty weapons. The U.S. no longer possesses the military and economic supremacy it had after World War II, but it still has unrivaled power to lead - meaning...
...just as I'd be inclined to include any qualitative statistic as revelatory and essential to social, political and economic evolution as race is," says Dominique Reynié, president of the Foundation for Political Innovation, a think tank in Paris. "It's not just a valuable tool - it's one that may offer ways of combating discrimination...
...intentions were good. Ratings were a tool for assessing the safety of financial institutions. But the result has been to create a system in which getting a rating of a particular level is equivalent to "a regulatory license - a key that unlocks the markets," says Frank Partnoy, a law professor at the University of San Diego. In 1975, the SEC, in an effort to better define who was a legitimate rater of bonds, designated certain firms "nationally recognized statistical rating organizations" (NRSROs). Today, if you are a bank or a pension fund or an insurance company you have a firm...
...unhappier scenario, the Nano ends up not as a tool to empower the rural poor but as another urban burden. If middle-class mobility comes to millions of people in the developing world, their shiny new Nanos could greatly add to traffic congestion and air pollution in major cities. Tata doesn't see it that way, calling complaints about the potential environmental impact of widespread Nano adoption "somewhat ironic." "It's almost like a car is O.K. for some people, but don't spread it to the larger base of the population," he says. "Why are we denying the masses...
...pads. Not since Tess McGill suited up to outwit her boss in Working Girl in 1988 have big shoulders played such a prominent role in fashion. For fall, designers like Michael Kors, Donna Karan and Stefano Pilati of Yves Saint Laurent showed structured jackets, enlisting the signature '80s power tool to try to give shaky consumers some self-assurance--and, they hope, a reason to shop...