Word: westly
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Dates: during 2000-2009
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...short, Asia's growth model resembles a vast Ponzi scheme, one that is precariously perched on the expectation that Americans will continue buying more and bigger TVs, computers and cars forever - which in turn allows Asia to forever goose its growth by adding industrial capacity to feed the West...
...successfully engineer high economic performance. Jim Walker, an economist at independent research firm Asianomics in Hong Kong, argues that politicians still intervene too much in their economies instead of allowing market forces to work. "What governments need to do is start trusting their own people rather than hoping the West is going to get it right all of the time," Walker says. For the tigers to keep roaring, they may need to find their future, for the first time, at home...
...major key to both the future of Paris and its tourism industry," says Jean-Bernard Bros, deputy mayor of Paris in charge of tourism. In tourism terms, that's already happening, with people traveling to or staying near attractions such as Versailles and its famed château to the west or the Marne-la-Vallée home of Disneyland Paris to the east. But the plan is to now go farther in other directions and to all the suburbs...
...most efficient and dense in the world, its rolling stock is in need of significant modernization. Ways need to be found to unclog saturated Parisian lines--particularly the No. 13, serving St.-Denis to the north; the No. 1 main line that all tourists use, which runs east-west from the Etoile to the Bastille; and the parallel RER commuter line. Three different plans that would cost tens of billions of dollars are being studied to renovate and extend existing Métro and commuter lines and build a circular rail link around the city, connecting its first row of suburbs...
...This is divisive and detrimental for democracy," says Mushahid Hussain, a prominent Senator and former Musharraf ally. "It has the worst political implications. Two provinces - Baluchistan and the North-West Frontier Province - are already destabilized. This adds the largest province to the list. We're headed back to the 1990s. Our political élite don't learn from their old mistakes. In pursuit of absolute power, they repeat the same mistakes...