Word: agreements
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...Gist: Kudos to California! On July 20, the Golden State finally cobbled together a plan to bridge its $26.3 billion budget gap, leaving North Carolina, Connecticut and Pennsylvania as the only states that have not yet reached an agreement. But before lawmakers start slapping backs, they should know that next year's budget crunch could be even tighter. Thanks to dwindling revenues, paltry collection rates and the economic storm soaking taxpayers, the $142.6 billion budget shortfall that states faced during the 2009 fiscal year is but one hurdle in a longer financial gauntlet, according to this bleak assessment from...
...when the north and south signed the Comprehensive Peace Agreement (CPA) that ended the war, they could not agree on the fate of Abyei, a region that sits along the hazy border and is home to several oil fields and an oil pipeline. In a bid to settle the dispute, negotiators drew up clear boundaries for Abyei, put it under joint administration and planned a 2011 referendum for its people to decide their region's fate. (Read "Sudan's Leader Shuts Down Aid Groups...
...environment. "There's an absolute void there, so when you have a catastrophe like the New Flame [a cargo ship that collided with an oil tanker and sank off the Gibraltar coast in 2007], any initiative by anyone only produces more conflict," he says. "In that sense, any agreement that comes out of the talks will be better than what there is now, which is nothing." (See pictures of Spain's Madcap Tomato Festival...
...takeaways of Clinton's visit are three key agreements. The first is an "end-use monitoring" agreement that allows the U.S. to track arms supplied to India to ensure that they are not sold or otherwise given to third parties. This agreement, required by U.S. law, enables U.S. companies to sell high-tech military equipment and technology to India, immediately benefiting Boeing and Lockheed Martin, which will be able to bid for contracts to supply 26 fighter jets to India for a $10 billion deal. (See pictures of Hillary Clinton's nomination campaign...
...second, a technical-safeguards agreement, will enable India to launch non-commercial satellites containing U.S. components, while an agreement to set up a science-and-technology endowment fund will allow more cooperation in those fields...