Word: centralization
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...urged such heads of state to pursue what he called a “ten-point action plan” that followed his personal approach to reforms. The points emphasized economic liberalization and deals like the Central American Free Trade Agreement, but also called for “family values,” “solidarity,” and “public investment” based upon the needs of citizens...
...Bush laid out the universal declaration's broadest imperatives, which he said are necessary for true freedom and are central to the U.N.'s larger purpose. "Every member of the United Nations must join in this mission of liberation," he said, ticking through the declaration's list of "rights" to protection from poverty, illiteracy and disease. That's a fairly progressive position: liberal economists, like Nobel laureate Amartya Sen, have said that basic human rights, like the right to vote, are only as good the social and economic rights that allow for them to be exercised effectively. Bush would never...
...notched two game-winning goals. This weekend, classmate Katherine Sheeleigh provided the firepower. She tallied the game-winning goal in Harvard’s 1-0 victory over New Hampshire yesterday, just two days after her explosive hat trick in Friday’s dominating 4-0 victory over Central Connecticut State. HARVARD 1, NEW HAMPSHIRE 0Freshman forward Katherine Sheeleigh again made the difference in a tight game, leading Harvard to 1-0 win against New Hampshire yesterday at Ohiri Field. The Crimson finally broke things open with 15:28 remaining in regulation, when Wideroff threaded a leading pass through...
...future financial crisis." Why the change of heart? "Decisions about the balance between liquidity and moral hazard is a judgment we are making almost daily," he told the committee, referring to the danger that lending to banks in this way only encourages them to take risks knowing the central bank will bail them out. Speculation he was leaned on by the government to inject the cash got short change. "This operation was designed entirely in the Bank," he hit back. "I give you my personal assurance that I would not do anything unless I thought it was the right thing...
...different line, accusing King of a clumsy flip-flop; some even suggested he should ponder his future. Both suggestions seem unfair. The cash made available to the banks is being put up at a punitive rate, meaning those that access the funds will be charged interest well above the central bank's base rate of 5.75%. And it's hardly a jackpot; banks are limited in how much they can draw on. The cash boost, says David Buik at BGC Partners in London, is "purely symbolic." Besides, Buik says, how much help the funds would have been to a beleaguered...