Word: though
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...Republicans say they haven't seen any downside yet to opposing reform. Brown actually stepped into Obama's populist trap by opposing the bank tax, and it didn't seem to help his opponent, Martha Coakley, even though internal polling gave her a 21-point advantage when it came to "taking on Wall Street." Why? "People thought Democrats in Washington would not deliver on these issues," says her pollster, Celinda Lake...
...policy, the President recommitted himself to health care reform, though he did not lay out a strategy for passage. He gave glancing mentions to both repealing the ban on gays in the military and confronting immigration reform but offered no clear hope for resolving those issues. He was fiercely critical of the Supreme Court's recent ruling to allow corporate and union contributions to political campaigns, earning himself a disapproving head shake from Justice Samuel Alito, who sat in his robe in the second row. Obama also spoke at length about the deficit, saying he would freeze government spending...
...however, India may finally have one up on its high-octane rival. Though India still can't compete on top-line economic growth - the World Bank projects India's gross domestic product (GDP) will increase 6.4% in 2009, far short of the 8.7% that China announced in mid-January - India's economy looks to be rebounding from the downturn in better shape than China's. India doesn't appear to be facing the same degree of potential dangers and downside risks as China, which means policymakers in New Delhi might have a much easier task in maintaining the economy...
...first election since the end of its 26-year civil war. Upending predictions that the contest would be a close fight, Rajapaksa easily beat his challenger, General Sarath Fonseka - a former ally in Sri Lanka's military victory over the separatist Tamil Tigers - with 57.9% of the vote. Though he was hailed by many members of Sri Lanka's ethnic Sinhalese majority for emerging victorious from the decades-long conflict with the Liberation Tigers of Tamil Eelam, Rajapaksa's reputation was dented by international criticism of his headlong rush into the war's final battle. Dismissing calls for a last...
...economist Wang Tao calculates that if 20% of all new lending in 2009 and 10% of the amount in 2010 goes bad over the next three to five years, the total amount of NPLs from China's stimulus program would reach $400 billion, or roughly 8% of GDP. Though Wang notes that the total is small compared with the level of NPLs that Chinese banks carried in the past, she still calls the sum "staggering." Policymakers in Beijing are clearly concerned. Since December, they have introduced a series of steps to cool down the housing market and restrict access...