Word: transformations
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Dates: during 2000-2009
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Morris Chang is living proof of Taiwan's ability to transform its economy. In 1985, the China-born Chang, once a long-serving executive at Texas Instruments in the U.S., was lured to Taiwan by the government as part of its effort to develop a high-tech industry. He was hired to manage a state-funded research institute, but shortly after his arrival, an influential technocrat, Li Kuo-ting, called Chang to his office and told him: "Think about how you want to start a company." The conversation led Chang, backed by state funding, to found Taiwan Semiconductor Manufacturing...
...health-care system would look like. While the bills that are on the table do a good job of expanding medical coverage to the 47 million or so Americans who now lack it, outside experts say, they fall short of meeting Obama's other main goal, which is to transform the health system in ways that bring its runaway costs under control...
...Vigo in 1958; by 2007, it was manufacturing 547,000 cars a year and had become the company's highest-producing plant in Europe. It was also the largest company in the region of Galicia, directly employing more than 10,000 locals. Those steady, well-paid jobs helped transform what was once a rough-and-tumble port into a pleasant seaside city, complete with manicured boulevards, a contemporary-art museum and plenty of Zara outlets. By 1990, there were enough ambitious young people in Vigo to support a university...
What would stepping up look like? For starters, Congress needs to double the federal funding for these schools, according to a May report from the Brookings Institution. But, the report argues, to truly "transform our community colleges into engines of opportunity and prosperity," funding needs to be tied to performance in areas like degree completion - a model some states, including Indiana and Ohio, are already trying. The City University of New York has rigged up an experimental program that requires its community-college students to take intensive remedial courses if they aren't prepared to do college-level work. Begun...
...Obama wants to be a transformative President. To do that, he must transform the terms of debate - and the greatest impediment to change is the nation's crippling, 30-year tax allergy. He cannot finesse this. He needs to take these issues one at a time, make his argument clearly and hope that the public is finally ready for the sacrifices that make real progress possible...