Privatisation in Russia was endorsed by technocrats. It led to the rise of Vladimir Putin.
Barack Obama on Monday promised to double public funding of scientific research to exceed the level Washington spent during the "space race" unleashed by Dwight Eisenhower and John F. Kennedy 50 years ago.
Barack Obama enters his first real moment of global diplomacy in London on Wednesday with a paradox: he is the most popular US president in a generation but you would have to go back more than two generations to find one with fewer cards to play.
President Barack Obama is voicing optimism that this week's crucial G20 summit will set the framework for recovery, saying that world leaders know they must 'deliver a strong message of unity' for the sake of the global economy.
So far, neither Washington nor Wall Street seems to have fully grasped this political sea-change, or figured how to deal with it.
At a recent White House meeting, Paul Volcker, the 81-year-old former chairman of the Fed and a part-time adviser to Barack Obama, said the president should delay revamping the US regulatory system until he had quelled the financial crisis.
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