Word: bankes
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...news, with the government now pressing ahead on a number of fronts. Merkel's coalition nearly doubled its stimulus package to €50 billion this week and is drafting plans for a €100 billion Germany Fund to provide credit for midsize businesses. And Commerzbank, Germany's second biggest bank, has said it is to be partly nationalized. The German government's bank-rescue fund, the Financial Markets Stabilization Fund (SoFFin), will provide €10 billion in fresh cash to Commerzbank in exchange for a 25% stake plus one share in the bank. "We are weatherproofing our bank...
...decreed in 1980 for producers of actual toxic waste. Under the Superfund law enacted that year, polluters pay for the messes they make. Environmental lawyer E. Michael Thomas sees no reason lawmakers couldn't demand the same of financial polluters and force them to ante up some of the bank-bailout money. "This is a directly parallel policy judgment," he says. "It's beautiful in its simplicity, and it's also beautiful in its justice...
...Bush's Middle East envoy, Jones concluded that brokering a deal between Israel and the Palestinians inside of 12 months was, in his words, a "grandiose hope." So Jones turned his attention to the more modest goal of making peace in one city in the Palestinian-controlled West Bank...
Jones is equally blunt about how bad things have become in Gaza. After advocating for more realistic goals in the Middle East last year, Jones started a pilot project in the West Bank town of Jenin to organize training for Palestinian police and funding for development projects. Now he fears that his modest successes there may be undermined if the violence in Gaza continues. "I think they still believe" in peace, Jones says, but "I haven't asked that question since Gaza." It will be up to him and Obama to find the answers...
...resolution of the Arab-Israeli conflict, summoning all leaders of goodwill to the task--perhaps suggesting they convene in Washington to declare their common intent. He will need to announce a series of mechanisms for achieving it, including: resumption of Israeli-Palestinian final-status negotiations, rebuilding of the West Bank and Gaza economies and PA security capabilities, initiation of U.S.-sponsored direct negotiations between Israel and Syria, and operationalizing the Arab League peace initiative. And he should put this into the even larger context of his efforts to end the war in Iraq, engage Iran and construct a new regional...