Word of the Day

fiat  

Americans tend to squirm about the messiness of their two best-known trade agreements with Japan: the "voluntary limitations" that have restricted exports of Japanese cars to the United States since 1981, and the semiconductor agreement of 1986, which declared by fiat that foreign manufacturers should get 20 percent of semiconductor sales in Japan. -- James Fallows, "Containing Japan", The Atlantic, May 1989

collude  

In the last two years, more than 15 of the market's traders have been kidnapped. One businessman says that corrupt government officials and the Afghan security services often collude in these crimes. -- "Afghanistan's kidnapping industry", New York Times, September 16, 2008

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