Word: westernness
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...personal] help in times of crisis," says James Martin, a priest, editor at the Jesuit magazine America and author of the book My Life with the Saints. "It's human and we can't not do it." Martin points out that the Psalms - in many ways the Western model for all personal prayer - are full of such special pleading. And in the Lord's prayer, Jesus doesn't forget to include "give us this day our daily bread." Daniel Nevins, dean of the rabbinical school at New York's Jewish Theological Seminary, also recognizes the legitimacy of the "help...
...Uniform policy prescriptions don't come easy for a diverse group of countries ranging from Venezuela to Indonesia. For example, banking-sector repair and reform is likely more needed in India than in China, because India's financial sector is more intertwined with Western markets than China's is. Less sophisticated economies that rely on manufacturing and agriculture may largely avoid the pain that has accompanied the worldwide breakdown of complicated financial systems...
American humorist Josh Billings once said, "Remember the poor, it costs nothing." The quip sounds close to the apparent sentiment among G-7 economic policymakers who met in Washington over the weekend to craft measures aimed at bailing out Western banks amid the global financial crisis...
...white knight must have been disappointed by the words of Yi Gang , deputy governor at the People's Bank of China, the country's central bank. Speaking at the International Monetary Fund meeting in Washington on Oct. 11, Yi blamed the crisis on "weak financial-policy discipline" by Western countries and said that they should be the ones to fix the problems they had created. "The major reserve-currency-issuing countries should shoulder the responsibility for preventing further spillovers and minimizing shocks to other countries," Yi said...
...same moment Iceland, a NATO member and until very recently a prosperous Western nation, seemed ready to bite the dust in the global financial crisis, a cavalry rode to the rescue, just as it does in the movies. Except the cavalry in this case came from an unexpected direction: Russia...