December 17, 2011
If you were asked to describe, in 10 words or less, the single issue driving the two major political parties in the US today, I imagine you’d say something like this: Republicans never met a tax cut they didn’t like; Democrats won’t touch entitlement programs, even to make them solvent. Consider, then, the counterintuitive [...]
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November 24, 2011
The supercommittee's failure will trigger automatic cuts in the defence budget and domestic spending. Photograph: J Scott Applewhite/AP It took a fictional jury of “12 Angry Men” 96 minutes to agree on a verdict of not guilty. It took “12 good people,” as supercommittee co-chairman Jeb Hensarling referred to them, three months and countless hours [...]
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August 31, 2009
Japan’s main opposition Democratic Party leader Yukio Hatoyama places a marker on a winning candidate’s name Japan’s next prime minister began forming a government Monday as investors worried the untested Democratic Party would overspend in a bid to revive the economy or would ruffle ties with Tokyo’s closest ally, Washington. Sunday’s historic election win by [...]
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August 30, 2009
Japanese Prime Minister and leader of the ruling Liberal Democratic Party (LDP) Taro Aso speaks, as a voter waves a Japanese flag Japanese voted in an election on Sunday that looked set to oust the long-ruling conservative party and give the untested opposition the job of nurturing a recovery from the country’s worst recession since [...]
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