Word: populist
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Bernie Madoff's crimes spawned a global financial meltdown, a wave of populist outrage, books, movies, souvenirs and, now - perhaps - an overhaul of New York's prison system. On July 20, Republican Assemblyman James Tedisco introduced a so-called "Madoff bill" in New York's legislature that, if passed, would require wealthy inmates to be billed for the cost of their prison stays - estimated at $90 per inmate per day. TIME spoke with Tedisco about the legislation's nickname, the "party palace" in a Manhattan jail that helped spark the proposed law and why lawmakers might want to let prisoners...
...member board, chaired by former French Prime Minister Dominique de Villepin, says that without strategic direction and clear priorities on issues like security and energy, the Bulgarian state could face populist revolts. And that instability "could undo the ties between the E.U. and Bulgaria, prompting a shift toward Russian political and economic interests...
...good news for traders has created two distinct concerns for President Obama's advisers. The first problem is political. For much of the year, populist revulsion at Wall Street greed has been palpable. Obama, who prides himself on his cool countenance, has repeatedly channeled this fury, flashing anger and frustration at the logic of financial titans, who continued to justify huge paydays even as their banks begged financial lifelines from the U.S. taxpayer. "That is the height of irresponsibility," the President said in January, after a report emerged of large 2008 bonuses on Wall Street. "It is shameful...
...supporter of working-class voters - a poll by the Kiev-based Horshenin Institute in May showed that 82% are in favor of the law. "She has scored a few political points at our expense," says the River Palace's Stupak. President Viktor Yushchenko vetoed the law, calling it "populist," only to have his decision overturned by parliament. And Interior Minister Yuriy Lutsenko, who will be in charge of enforcing the ban, has expressed his misgivings that all establishments are being tarred with the same brush. "I think it's wrong to ban casinos," he told reporters, adding that he blames...
...quick glance at the papers told me, however, that I was stuck in the past. The Lega Nord no longer simply spelled federalism and social conservatism. No, this right-wing-populist party had taken a different direction: anti-immigration policy. In fact, in 2002, a politician associated with the party had gone so far as to suggest that immigrants and native Italians should take different trains. And not long after that, Giancarlo Gentili, a Lega member and, at the time, mayor of Treviso, proposed that Italians shoot immigrants like rabbits...