Word: avoidance
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...Still, it's far from certain that China has the policy tools needed to avoid a crash. Premier Wen Jiabao recently likened his country to a speeding car trying to slow down without skidding. "We cannot slam on the brakes," he said. "We have to press the brakes gently." But the country's rickety financial system may not allow gentle pressure, because it has yet to undergo a full capitalist transformation-for example, some bank loans are issued because the government orders them, not because careful analysis indicates that the borrower is a good risk. So Beijing resorts to administrative...
...complete their preparations. Above all, last week's test would conquer or confirm worldwide suspicions that Athens was blowing its deadline for the Games. The roof was already three months behind schedule, another dismal detail in a building program plagued by chronic delays and charges of incompetence. Anxious to avoid a p.r. fiasco, authorities limited coverage to Greek state TV. The Deputy Culture Minister nervously smashed a bottle of red wine on the base of the arch and looked skyward. The gods of Olympus answered her silent prayer. The 9,000-ton roof segment moved - just. The closing, fittingly...
...more mainstream and statesmanlike face of a movement rooted in ethnic demagoguery in contrast to the relentlessly secular politics of Congress. As prime minister, he proved to be a sober, popular and widely respected statesman who navigated India through some of its most difficult crises. Indeed, he managed to avoid a potentially catastrophic war with Pakistan and turn relations between the two countries onto a peace track...
...While the Fallujah deal is holding, there is no specific agreement at Najaf. Sadr appears to be holding out despite mounting pressure from within the Shiite clerical establishment for him to avoid a military confrontation in any of the shrine cities, and Paul Bremer appears to be insisting that Sadr be arrested before June 30 to face charges over the murder of a rival cleric a year ago. Local Shiite leaders had been working on a deal in which Sadr would agree to disband his militia in exchange for an understanding that he would be held only after the transfer...
...Sadr appears to have judged that he has time on his side, given the U.S. deadline pressure, and is holding out for more favorable terms, knowing the U.S. needs to restore the peace and that the most important consideration is to avoid alienating moderate Shiites. But Sadr has to guard his own flanks in the Shiite community in the face not only of clerical exasperation with his provocative stance but also rival political-military factions. Chief among them is the Supreme Council for the Islamic Revolution in Iraq, whose leaders sit on the IGC but whose 10,000-man Badr...