Word: westernness
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...cuts - past and future - are part of what it calls the "Great Global Monetary Easing of 2008," which will begin to spur a new round of worldwide growth next year. But getting from here to there is going to be painful. Demand for everything from iron ore mined in western Australia to toys manufactured in southeastern China is already slowing, because for the first time in decade, the "key driver of the global economy, the U.S. consumer, seems to have finally thrown in the towel," says Xie. If that's true - if the American consumer's decade long, credit-driven...
Bravo, TIME, for the year-end wrap-up and Person of the Year selection. Putin has so far served his country well, but he reminds me of the classic western movie sheriff who is brought in to clean up a town and then becomes a bigger bad guy than the bad guys he was asked to eliminate. Putin was weaned by the KGB, and I anticipate the worst from him. His very expression is off-putting. I'm 80 years old, not a profane person and quite benign in my declining years. But when I opened the magazine...
...Governor Arnold Schwarzenegger. California has passed the most aggressive environmental laws in the U.S., setting a goal of reducing the state's greenhouse-gas emissions - which currently amount to about 1.6% of the annual global total - to 1990 levels by 2020. California is part of a coalition of six western U.S. states and two Canadian provinces with plans to set up a regional cap-and-trade system for carbon emissions, similar to a market that has been operating for years in Europe. Despite his party affiliation, Schwarzenegger has been willing to challenge the White House, most recently by leading...
...asked to bear the brunt of the emissions-cutting targets. By contrast, new and poorer countries in central and eastern Europe will be allowed to increase their emissions by up to 20% from 2005 levels, reflecting their desire to catch up with the higher standard of living in western Europe...
...future lies in [Kostunica's] hands." Kostunica, who shares power with Tadic's Democratic Party in the government, could help turn out support for the incumbent from moderate nationalists. However, Kostunica has an uneasy relationship with Tadic; and the Prime Minister's recent rhetoric has become increasingly anti-Western, referring to Western support for Kosovo independence as "ripping out the heart of Serbia." So far, he has refused to comment on the first round's results, or to indicate whom he intends to support...