Word: waged
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...Pakistan's generals are concerned by what they perceive as growing Indian influence in Afghanistan, through the Karzai government and massive development projects. They also accuse India of using Afghanistan as a base from which to wage a proxy war on Pakistan. Its priorities make the Pakistan army unlikely to turn its fire on the Haqqani and Hafiz Gul Bahadur networks, as Obama is demanding. Instead, the army has revived a nonaggression pact with Bahadur and with Maulvi Nazir - both of which use Pakistani soil as a base from which to wage war on NATO forces in Afghanistan. Pakistan...
...train and equip Afghans to do the job themselves. Obama reportedly rejected all four options offered by his national-security staff on Nov. 11 - ranging from a relatively light increase of some 10,000 troops, mostly for training purposes, to the 40,000 reinforcements requested by McChrystal to wage a counterinsurgency fight - because they failed to make clear how and when responsibility for the war would be transferred to Afghan forces. By doing so, Obama may have pointed to the elephant in the room. On present indications, the Afghan forces are unlikely anytime in the near future to be ready...
...former New York Attorney General also argued that the government must intervene in the marketplace in order to enforce integrity and transparency, claiming that markets will not address certain core values, including issues of discrimination and the minimum wage...
...China, the household-savings rate exceeds 20%. It is partly for straightforward policy reasons. As we've seen, wage earners are expected to care for not only their children but also their aging parents. And there is, to date, only the flimsiest of publicly funded health care and pension systems, which increases incentives for individuals to save while they are working. But China, like many other East Asian countries, is a society that has esteemed personal financial prudence for centuries. There is no chance that will change anytime soon, even if the government creates a better social safety...
...this rally just reflecting the government's huge stimulus? The recovery in the stock market is really a function of the fact that corporate profits continue to be pretty strong, and that's because there is low wage pressure and, overall, companies have done a pretty good job of running efficiently...