Word: augustness
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...Administration has flip-flopped on North Korea. It recently had agreed to resume talks with Pyongyang, suspended since early 2001. But when Assistant Secretary of State Kelly took off for North Korea in early October, the purpose of his mission had changed dramatically. The CIA had briefed Bush in August about its new intelligence on Pyongyang's secret enrichment program. The President decided to confront Kim with the evidence, but the Administration first shared it with several congressional leaders and key countries that the U.S. would need to help lean on Pyongyang: Japan, South Korea, China and Russia...
...addition to the 8,000 members of the armed forces in Afghanistan, there are now nearly 800 U.S. forces based in the East African nation of Djibouti, across the Red Sea from Yemen, and a Marine Corps amphibious assault ship, the Belleau Wood, has been in the area since August. Sources tell TIME the U.S. is looking to use the port of Assab in Eritrea as a naval base to keep an eye on traffic between Yemen, Sudan and Somalia. At home, the CIA's Counter-Terrorism Center (CTC) now has a staff of 1,100 analysts and covert operatives...
...Amanda Ripley. Reported by Melissa August, Eric Roston, Elaine Shannon, Mark Thompson, Douglas Waller and Michael Weisskopf/Washington
...HOMERS The battle between two San Francisco Giants fans over who owns the baseball Barry Bonds knocked over the fence for his historic 73rd home run in 2001 has gone to court after four failed settlement efforts. And four men fighting over the ball from Bonds' 600th homer in August, meanwhile, have settled peacefully, agreeing to split sale proceeds...
...worst-situated industries include airlines, autos, construction and heavy equipment. At the end of August, UBS Warburg reports, General Motors had a whopping pension-fund shortfall of $22.2 billion, equal to 83% of the company's market value. Excluding tax benefits, $4 of the first $5 that GM earns per share each year stands to get eaten up by pension obligations. Delta Airlines' shortfall is $3.5 billion, equal to 1 1/2 times its market value. The company is essentially in business to pay retirement benefits--yet it still doesn't make enough...