Word: agreement
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...raisers, including a Texas oilman who once compared rape to inclement weather. Republicans hit Obama over the financial ties of a businessman vetting his potential running mates. Both sides decried the attacks on their allies but showed little interest in a truce. Another battle calling out for a peace agreement. In minor flubs, McCain seemed to minimize the importance of withdrawing U.S. troops from Iraq, while some interpreted a comment from Obama as endorsing high gas prices. Neither campaign has held back from pouncing on and exploiting these petty gaffes...
...elected by 58% of voters in March, made improved ties with the mainland a key platform of his campaign. The direct flights agreement represents the first major step his administration has taken to meeting that pledge...
...Chinese civil war in 1949, when Mao Zedong's Communists took control of the mainland and Chiang Kai-shek's Kuomintang fled to the safety of the island. In recent years a limited number of direct flights were allowed during four Chinese holidays. Under the new agreement, 36 direct flights will be permitted each weekend beginning July 4. In addition, the number of mainland tourists allowed to visit Taiwan will increase from 1,000 daily...
...agreement is expected to give a modest boost to Taiwan's economy. More cross-strait tourism will boost annual GDP growth by .6% to .8%, according to a report on tourism in Taiwan by Goldman Sachs. "The implementation of these policies would support a recovery in sentiments and domestic demands ... and should help Taiwan offset the negative external shock from slower U.S. demand and higher energy prices," wrote Goldman Sachs analyst Enoch Fung...
...military, which could be drawn in to defend Taiwan in the event of a conflict, considers the Taiwan Strait to be one of the most dangerous flashpoints in Asia. Easing tensions will require more than a deal on tourism, Yang says, but he notes that Friday's agreement could help reduce provocative military maneuvers. "Both China and Taiwan conduct training exercises in the Taiwan Strait. To avoid miscalculation, to avoid accidents, those exercises have to be constrained," he says. "Whether Beijing or Taiwan have a willingness to eliminate exercises and training, that remains to be seen. But that would...