So the new coalition government, led by the centre-right nationalists of Fianna Fail, is starting its term of office with a windfall coming.
Hoping to ease the tensions between the two Koreas, the South's new president, Kim Dae Jung, started his term of office this year with a "sunshine policy".
Now starting his second term of office this month, Britain's leading central banker looks more prescient than ever.
The Dublin European Council last month set a positive seal on the four main priorities announced by the presidency at the start of its term of office.
If re-elected, she will be 85 years old when she starts her next 6-year term of office.
The importance of contributions to society was a theme of Hamada's talk and is something he promises to make a cornerstone of his 6-year term of office, which starts 1 April.
That would make public pensions and health care at their present level unaffordable.In his first term of office, Mr Schröder started some reforms, albeit tentatively, in several important areas: taxation, labour-market law and pensions.
Construction is due to start in 2007, just as Mr Roh's term of office ends, with government departments due to move in from 2012.
The term of office runs for an academic year, starting in fall semester.
Most of us thought that with growing public awareness of the rapidity of climate change and its dangers, and with the completion of the Bush term of office, the world could at last, very belatedly, start to move.
The campaign is just getting started, the country is more or less equally divided, and winning a third term of office isn't easy for any party.
