Newbridge negotiated permission from municipal authorities in the southern city of Shenzhen, a progressive place by Chinese standards, to buy a stake in and take management control of a local bank.

ECONOMIST: Who thought reform would be easy?

Once in place, Progressive bureaucrats and judges will use whatever discretion is available to them to further Progressivism.

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For all these reasons, heedless cuts in military spending have no place in a progressive strategy for restoring fiscal discipline.

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