Word: systemize
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...governing more by rhetoric than by action. These were the years of a local phenomenon known as Devil's Night, a nihilistic orgy of arson that in one especially explosive year saw 800 houses burn to the ground in 72 hours. Violent crime soared under Young. The school system began to cave in on itself. When jobs disappeared with the small businesses boarding up their doors and abandoning the city, the mayor seemed to find it more useful to bid the business owners good riddance than to address the job losses. Detroit was dying, and its mayor chose to preside...
...America isn't so keen on national industrial policy. But in Detroit's past, you can find an idea for its future - and the nation's. Back in the '50s, the Federal Government began investing what would eventually reach half a trillion dollars in what became the interstate highway system. You could have considered that an incredible subsidy for the auto industry - which it was - but it was also an investment in the nation's future...
...encourage the fears, stoked by neoconservatives, that he is not a friend of Israel. The rigor of the Iran sanctions will be determined by the Russians and Chinese, who have not been willing to exert much pressure in the past. The President has stopped pursuing the European antimissile defense system, which should please the Russians - and he has reminded the Chinese that we face a common enemy in central Asian Islamic extremism. But that doesn't guarantee either country will be willing to get tougher on the Iranians. (See pictures of Afghanistan's Kunar province...
...emissions exchange BlueNext announced on Sept. 23 that they were putting together a carbon market standard for China. Although details at the announcement were fuzzy - aside from the fact that it would be called the Panda Standard - the move is an early step toward creating a voluntary carbon-trading system in China. Although China is still very far from accepting the mandatory carbon caps used by countries covered by the Kyoto Protocol - Hu emphasized the importance of economic development first in his speech - the Panda Standard is a sign that China could see a stake in the creation...
...fiscal policies, which were implemented last year to fight the recession. Buyers are looking to invest close to home, and despite China's restrictions on moving capital beyond its borders, that often means acquiring assets in Hong Kong. (The former British colony belongs to China but has a separate system of government and a more open economy.) About half of the buyers for luxury apartments in Hong Kong in recent weeks came from the mainland, according to reports. (Read "Asia's Easy Money: Fueling New Bubbles...