Word: american
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Every year, millions of business owners agree to put their personal assets on the line. "Even a business with a solid balance sheet may be required to have a personal guarantee," says Therese Franzén, an Atlanta lawyer and chair of the American Bar Association's consumer-financial-services committee. The hope, of course, is that your business will thrive and you'll pay down the loan just as you would a mortgage.(See how to plan for retirement...
...that image would help restore America's reputation in the world. When others in the room argued in favor of military tribunals with special rules favoring the government, it was Barack Obama who took Holder's side, saying that shifting to tribunals would damage the probity of the American justice system...
...past year, Holder and Obama have been navigating one of the more difficult constitutional relationships in American government. On the one hand, the Attorney General is appointed by the President; on the other, he must remain politically independent of the White House. Holder, who as Deputy Attorney General a decade ago approved both the expansion of Ken Starr's investigation of Bill Clinton and Clinton's disastrous pardon of fugitive financier Marc Rich, needs no lesson on the pitfalls of his position. But Holder enjoys a personal relationship with Obama that he never had with Clinton - and that makes...
...first it appeared that Holder would carry the day. "I have complete confidence in the American people and our legal traditions and the prosecutors, the tough prosecutors from New York, who specialize in terrorism," Obama said after the announcement. In private he was even more supportive of Holder. When Obama met with Graham in early December, the Senator laid out his case against civilian trials. But the President said he thought Holder had the better side of the argument. "I just agreed to disagree with the President on that issue," Graham told TIME...
...talks are now under way, and it's anyone's guess whether they were Emanuel's idea or something the President quietly asked his chief of staff to launch. Holder and his supporters continue to argue that military tribunals are slow and unreliable and send a repressive signal about American values overseas. They also doubt that Graham can deliver the votes needed to close Gitmo even if the talks are successful. Still, it is increasingly clear that everyone would like to find a way out of the stalemate. One compromise might involve trying KSM and other 9/11 conspirators...