Word: administrationitis
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Then in late March, the bank became the first major lender to say it would reduce loan balances of homeowners who owe more than their property is worth. Most other banks have only been willing to lower interest rates. Writing down loan balances for such "underwater" homeowners, while costly for...
Pakistan is also letting the Obama Administration know that it is willing to exercise its leverage over the Afghan insurgents - but at a price, first and foremost in restoring the Pakistani influence in Kabul that was lost when the U.S. ousted the Taliban. Just before a high-level Pakistan delegation...
Washington dutifully obliged. At the end of two days of high-level talks with top Obama Administration officials, the Pakistani delegation came away with a promise that the U.S. would hasten delivery of F-16 fighter aircraft, helicopter gunships and unmanned reconnaissance drone aircraft. But U.S. officials stopped short of...
The damage may be permanent. On March 28 an influential cross-party committee of MPs in Britain weighed in on the wider impact of that policy. "The perception that the British Government was a subservient 'poodle' to the U.S. Administration leading up to the period of the invasion of Iraq...
There is no doubt the U.S. and Britain remain important strategic partners. But the U.K.'s one-sided obsession with the relationship has made it overestimate its influence in some areas and fail to assert itself in others. Since last July, a public inquiry into the Iraq war chaired by...