Word: wayes
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...Harvard MBA and venture capitalist is sharper when it comes to the economy, a topic squarely in his wheelhouse. The best way for government to stimulate the economy, he argues, is to promote a favorable climate for innovation and then get out of its way. But he's not an absolutist when it comes to government meddling in the markets. Though he denounces the bailout of Detroit carmakers, Romney is a backer of TARP, though he couches his position with a caveat that protects his right flank. "Secretary Paulson's TARP prevented a systemic collapse of the national financial system...
...tribal areas with the army and whatever brave tribal maliks they can find. The idea, say Pakistani military officials, is to identify fast projects - small dams or marble quarries, for example - and get them built and working under the protection of those tribes that will benefit directly. Only this way, say officials, can the tribes turn away from the militant-run enterprises - banditry and running guns and drugs - that earn them money...
Selling Russia warships is certainly a nifty way of doing that. But some observers think the naval deal is being used as bait by Sarkozy to secure France wider-ranging business deals with Russia. During Medvedev's Paris trip, for example, the Russian energy giant Gazprom signed a contract with Paris-based GDF Suez to give the French company a 9% stake in the Nord Stream natural-gas pipeline and up to 1.5 billion cubic meters of gas by 2015. Nord Stream had previously been exclusively a Russo-German affair - one of many deals that other European countries and companies...
...that is, blogs and social media) report labor problems. This week, there was a report about a privately owned industrial-parts company in Isfahan, Iran's third largest city, that has failed to pay 200 of its employees for the past seven months. About 80 angry workers forced their way into a board meeting, compelling company managers to hastily promise an initial payment within days and a settling of all debts by the end of the Iranian year in mid-March - with New Year bonuses as an added sweetener. (See pictures of December's violent street demonstrations in Tehran...
Five years ago, Ahmadinejad was elected as a problem solver, an engineer who would clear away old obstacles to a functioning and just economy. An initial flood of oil-fueled liquidity and openhanded lending at the beginning of the Ahmadinejad era has given way to a stagnant property market and tight limits on bank lending in an effort to rein in prices. Ahmadinejad also dissolved economic-planning organizations and dismissed officials with economic expertise. Managers in Iran's near paralyzed manufacturing sector now face the immediate problem of how to fill the gaps in their end-of-year accounts under...