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...fuel in Turkmenistan and resell it to Europe. Then, mysteriously, the pipeline that delivers gas from Turkmenistan to Russia blew up. Turkmen officials blamed Russia, claiming it had shut the valve on its end, causing pressure to build up and the pipeline to burst, in order to avoid honoring its gas contracts. Moscow strongly denied responsibility. The cost to Turkmenistan in lost gas revenues has been a staggering $1 billion per month. (Read: "Europe Tries to Break Its Russian Gas Habit...
...financial regulatory reform. Each of the working groups includes one Democratic and one Republican Senator from the committee, each of whom has one staffer along at the meetings. Between them, these 16 people are trying to rewrite the way the American financial industry does business - and, as a result, avoid another global financial meltdown. In theory, the process could succeed. "We have points of agreement," says one top GOP staffer. But he adds: "The working groups may not work because the issues are much too complex." (See award-winning pictures of the fallout from the financial meltdown...
...order is only incidentally about gay rights - the judge sidestepped the constitutional question about gays entirely - and is instead a fiery defense of the rights of the judiciary to manage its own employees. But if the Administration chooses to fight the order, it will have to tread carefully to avoid looking to gay-rights advocates like it is waging war in defense of a statute - the Defense of Marriage Act (DOMA) - that candidate Obama had said should be overturned...
Read "The One Country That Might Avoid Recession...
...inquiry into the war - the most sweeping to be undertaken by any nation involved in the invasion - may finally help Britain put the conflict to rest. The so-called Iraq inquiry is nominally charged with suggesting how to avoid making mistakes in future conflicts, but many Brits believe it has the potential to evolve into a sort of truth and reconciliation commission. Although legally nonbinding, the inquiry will over the course of the next 18 months focus on three of the most contentious aspects of the war: the circumstances surrounding the flawed intelligence-gathering that led to the conflict...