Word: olde
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...Consumer spending and debt have been on the decline of late, that's true. But the most recent numbers show signs of a return to our old ways. In October, consumer spending rose 0.7% over the previous month, according to the Commerce Department, which is particularly interesting since personal income only edged up 0.2%. It seems it's going to take more than economic calamity for us to realize that perhaps we should be more prudent with our money...
...strong regulation on financial firms to prevent them from getting "too big to fail." He agrees with Dodd that there should be a consolidated regulator for banks, though perhaps not the single supervisor Dodd envisions. But Shelby opposes Dodd's plans for eventually doing away with the 150-year-old division of regulation between state and nationally chartered banks. And he also opposes Dodd's plans for a systemic risk council, which he sees as redundant since bank regulators already are tasked with curtailing overall risk...
...military, for example, claimed in reports that more than 1,000 "communist guerrillas" were killed at Bulgap Mountain that night in February. But the excavation tells a different story. Investigators found 133 intact skeletons bending their knees and clutching their fingers behind their skulls - 21 were under 16 years old and nonmilitary artifacts like toys and hairpins were found, indicating the people were civilians not involved in the fighting. "As we can see, the military reports were manipulated," says Park Sun Ju, chief of the excavating team. The group has also investigated American carpet bombings used to rout communist forces...
TIME: What mistakes specifically? Zuma: Take the old ministry of minerals and energy. Mines are what [have] shaped the economy of South Africa, it will always remain an anchor of this country - and so it needs its own focus. Energy is also critical for the country. But they were in the same ministry. And as we were experiencing economic growth, and rolling out electricity to rural areas, suddenly there was an electricity shortage. That must indicate weakness. And if we did not see that, that energy was going to be a problem, that points to a shortcoming...
TIME: Admitting errors, taking a pragmatic, results-based approach, those are not things Africa's liberation movements have always been good at. In fact, as their time in power goes on, many have become more vociferous in blaming their mistakes on the past and old enemies. I'm thinking particularly of Zimbabwe. Are you jettisoning that liberation movement baggage? Zuma: Nobody can deny that when Zanu-PF [Robert's Mugabe's Zimbabwe African National Union-Patriotic Front] came on the scene, there was a lot of delivery, in health and remarkably in education. But what they lacked is what...