Word: arabism
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...thing that all financial calamities have in common is that they are unexpected, at least by the officials who are supposed to keep an eye out for these things. There were no plans for oil prices to spike up before the Arab Oil Embargo in the 1970s and no roadmap to follow after the S&L crisis the following decade. Banks can be brought down by fraud and errors in large gambles made on proprietary trading desks. Most of the things that cause systemic failure are unexpected and therefore cannot be prevented...
...eastern Mediterranean, they don't dare go out for a picnic or family day trip. This is an exaggerated reading of the risks of living in Lebanon - a turbulent country no doubt, but one which, when not a war zone, is the vacation destination of choice for the Arab world. Sulhani, 85, is Palestinian, though, and his family lives in Shatila, an impoverished refugee camp on the edge of Beirut. Many Lebanese eat, drink and dance away memories of the violent past. But in the dank, swastika-graffitied alleyways of the camps, where four generations of Palestinians have come...
...attempts on his life - there were five last year alone. Makdah is all that stands between Ein el Hilweh and chaos. When he's not out on patrol he serves as a patron of social programs for children. One of his favorites is the troupe that performs dabka, an Arab circle dance, at festivals around the world. The other is a school for Fatah fighters...
...telephone conversation with U.S. Jewish leaders Thursday, Mitchell reportedly expressed support for a unity government involving both the impotent Palestinian Authority and Hamas. Though the U.S. will adhere to the four conditions for talking to Hamas that Clinton laid out in her confirmation hearing, the move allows European and Arab diplomats to try and bridge the divide between the Palestinian factions...
Will any of this produce real movement toward peace? They will, at minimum, create a sense among the players in the Middle East that the Obama administration is breaking with the Bush approach to Arab-Israeli peace. Neither move would have been possible under even the more flexible approach taken by Condoleezza Rice in the last year of the Bush administration, when it made a belated attempt to pursue peace. (See pictures of George W. Bush in the Middle East...