Word: weaken
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...political pressure from their cadres, both are now free from detention and contesting the upcoming polls. Initially, the caretaker government attempted to encourage prominent figures from civil society to form a "third way" to break from the country's two-party system. That project failed, as did efforts to weaken the begums' networks of patronage that assured their grip on power. After two years out in the cold, Hasina or Zia could very well snatch the reins again, and perhaps roll back the charges leveled against them and key allies...
...Political consultant Panagiotis Papachatzis says that this week's riots will further weaken Prime Minister Karamanlis. "Citizens feel there is a lack of decisive action by the government against all forms of violence - both police-induced and anarchist," says Papachatzis. "The social discontent of the past few days has placed itself [ahead] of the financial crisis...
...will also show that during his last visit to Beijing as Treasury Secretary - which ended today - Paulson and his team had to ask the Chinese government not to backtrack on its commitment to "continued currency reform," as a Treasury spokesman put it. The RMB has recently weakened against the dollar, raising global alarm bells that China might try to devalue it as a way to revive its gasping export sector, putting pressure on other exporters to weaken their currencies and stirring up protectionist sentiment in Washington - particularly among U.S. labor unions, which heavily backed President-elect Barack Obama...
...nervous with a recent, relatively small reversal of the slow and steady rise in the RMB's value against the dollar. As a senior executive at a state-owned financial institution conceded to TIME two weeks ago, there is undeniable pressure from China's politically powerful export sector to weaken the RMB, which would make Chinese goods more price competitive abroad. If China triggered a wave of devaluations from other East Asian countries that are its export-market competitors, most economists believe the result could be catastrophic, increasing deflationary pressures in the developed world and quite possibly leading to protectionist...
...trillion RMB ($588 billion) package China announced to great fanfare a month ago. Two weeks later, Beijing upped the ante with an interest-rate cut and tax rebates, and now there are unconfirmed reports that an additional spending plan is being prepared as China's economic data continue to weaken. That would not be surprising. The best way for China to help the world economy at this point is to help itself; not by exporting more, but by spending at home - in whatever way or form possible. After their lectures, and on his way out the door, that...