Word: pocketbooks
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Bush may cling to his belief that the market's woes won't affect the basic soundness of the economy, but he knows from his father's experience that politicians who don't appear to take voters' pocketbook fears seriously pay for their callousness at the polls. "This President is acutely aware of the impact of the economy, both on regular Americans and on Presidents," says Mark McKinnon, a campaign 2000 veteran who still advises Bush. "Americans fundamentally understand a President can't move the markets, but they want to be assured that he cares about it and is doing...
...Bush may cling to his belief that the market's woes won't affect the basic soundness of the economy, but he knows from his father's experience that politicians who don't appear to take voters' pocketbook fears seriously pay for their callousness at the polls. "This President is acutely aware of the impact of the economy, both on regular Americans and on Presidents," says Mark McKinnon, a campaign 2000 veteran who still advises Bush. "Americans fundamentally understand a President can't move the markets, but they want to be assured that he cares about it and is doing...
...Many have written of LEW WASSERMAN's power, but they don't really understand its source. It didn't derive from his powerful clients, his brain, or his pocketbook, but from the way he lived his life. Medieval knights lived by a Code of Honor. Lew lived the same...
...Aceh's casualty figures suggest, has mattered little in the past. More than a thousand civilians perished in the conflict last year; this year's death toll looks set to surpass that. Combat troops have also been issued with booklets explaining the rules of engagement. One, called The Pocketbook of TNI Soldier Etiquette, shows a cartoon depicting a soldier about to rape a woman fleeing her burning home before a principled comrade arrives just in time to stop the assault. In another, a soldier prevents his buddy from battering a prisoner with a club. "Stop!" reads the bubble above...
...Unlike China, which continues to support economic expansion by building factories and grinding out exports, Korea's engine is increasingly turbocharged by Pocketbook Power. Manufacturing output as a percentage of GDP stood at 32% in Korea in 2000; the services sector was larger at 43%. Domestic spending by the country's 47 million consumers has grown from about 50% of GDP in 1987 to 58%. With more than 1 million service sector jobs added since 2000, it looks like Korea will be the first Asian economy to make the leap from an industrial-led to service-driven domestic economy...