Word: backings
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...will reach a somber milestone: 100 banks down the drain in 2009. It will be the first time since 1992 that 100 banks have failed in a single year and only the 11th time it's happened since the Federal Deposit Insurance Corporation (FDIC) was formed back...
...Saakashvili's earliest political promises in 2004 was to get Abkhazia and South Ossetia back in Georgia's fold. Both territories had turned to Russia for protection after a bloody civil war in the early 1990s, however, and the Kremlin had little incentive to broker a peace. Instead, it began to use unrest there to undermine Saakashvili's courtship of NATO, which he wanted Georgia to join. Saakashvili told me that from the outset, any talk he had with then Russian President Vladimir Putin on the breakaway territories was met with warnings about his relationship to the West: "The first...
...fight for Georgia. Yet the country was nonetheless gripped by a sense of abandonment when the inevitable punishing Russian counterattack came. The Russians bombed infrastructure targets all over Georgia and cut off the main east-west highway, then marched to within 34 miles (55 km) of Tbilisi before turning back. Georgians felt betrayed. As one told me, "We were looking at the skies constantly, asking, Where are the goddam Americans...
...mother a professor. In 1993 he got his first prolonged taste of the U.S. when he won a fellowship to study law at Columbia. He lived in New York City and Washington for several years, passed the New York bar exam and worked in private practice before being summoned back to Georgia to be part of a movement of young reformers, many of whom had been living in the West, that would transform what had been until 1991 a republic of the Soviet Union...
North Korea continued its one-step-forward, one-step-back approach to diplomacy this month, encouraging and alarming nations trying to get Pyongyang to the table to discuss nuclear disarmament...