June 18, 2008 at 10:32 pm · Filed under Terminology and tagged: pork barreling
In politics, the term pork-barrel refers to government spending that is intended to benefit constituents of a politician in return for their political support, either in the form of campaign contributions or votes. This is done typically by diverting government funding for projects to a certain locale – through taxpayers’ money – even though it is likely to benefit only particular constituents or campaign contributors.
There’s a good example from The Australian in The PM rolls out his own pork barrel (3 June, 2008), which claims 90 per cent of almost $150 million in regional grants announced by Labor during last year’s election campaign went to Labor-held or Labor-targeted marginal electorates.
June 3, 2008 at 1:50 am · Filed under Terminology and tagged: Hegemony
Definition: He·gem·o·ny [noun] refers to leadership or dominance, especially by one country or social group over others.
In world politics, hegemony usually refers to power and control exercised by a leading state over other states.
June 2, 2008 at 6:56 pm · Filed under Terminology and tagged: Peak Oil
Definition: Peak oil is the point in time when the maximum rate of global petroleum production is reached, after which the rate of production enters its terminal decline.
The topic of peak oil has received quite a lot of attention in the media of late as oil prices soar to $135 a barrel. If it’s the first time you’ve ever heard of the term, Wikipedia gives a simple but detailed backgrounder on peak oil.