Word: lifeblood
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Dates: during 2000-2009
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...tell the story, then China appears to have beaten the odds. It has apparently shrugged off the worst global recession in at least 30 years - one that had, at the end of last year, crippled growth in a country for which exports are a critical part of its economic lifeblood. The government responded by announcing a $585 billion spending package, driven by massive infrastructure investments across the country, and, for now anyway, that policy is paying off. China announced today that its GDP in the second quarter grew at 7.9%, just a shade below the 8.1% goal the government...
...back to the private sector, which, after all, has been the lifeblood of American arts since the 19th century. But how to operate there at such a treacherous time is a puzzle for a lot of arts groups. This is why Michael Kaiser, president of the John F. Kennedy Center for the Performing Arts in Washington, established Arts in Crisis, a free consulting service for arts groups on the verge of a nervous breakdown. Kaiser is something of a rescue artist. Over the years, he has swooped in as a director to save the Alvin Ailey American Dance Theater...
...priority: restarting trade. Behind the stomach-churning drop in the world economy is a factor that governments have largely ignored: a slump in trade. The flow of imports and exports has actually contracted more dramatically than the world economy as a whole, because its lifeblood, private-sector trade finance, has dried up. This is fixable, since most governments have export-credit organizations dedicated to trade finance. Governments should instruct them to jump-start trade flows until private sector financiers return...
...These challenges are just as Obama defines them: the soaring health-care costs that disadvantage American companies abroad, the difficulty young people—the lifeblood of any economy—have affording higher education, and, most drastically, the threat that a failure to meaningfully combat global warming will pose to both the planet and human lives. As Rosabeth Moss Kanter, a Harvard Business School professor, wrote for Politico in response to Krauthammer’s piece, Obama is “not only a brilliant strategist, he is a brilliant analyst of America, understanding all the factors that contribute...
...York City sold two paintings from its collection to cover a chronic operating deficit, the Association of Art Museum Directors threw the place into art-world purgatory. It forbade its members from lending work to Academy exhibitions, which effectively prevents it from mounting the loan shows that are the lifeblood of the museum world...