Word: banking
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...Given the political climate, European Union leaders on Sept. 17 vowed to take action on what French President Nicolas Sarkozy calls "the scandal" of bank bonuses. They agreed in Brussels to seek binding rules on the allocation of bonuses, sending a strong message to U.S. President Barack Obama and the G-20 leaders who are meeting in Pittsburgh, Pa., on Sept. 24 and 25 that they are serious about cracking down on profligate spending by financial institutions. (See pictures of the global financial crisis...
...summit, the leaders declared that bonuses should be tied to a bank's performance and that guaranteed annual payouts should be avoided. The group also demanded that the G-20 "commit to agreeing to binding rules for financial institutions on variable remunerations, backed up by the threat of sanctions at the national level." (Read "Braking the Banks...
FINANCIAL REGULATION Lawmakers will consider tighter bank rules and an agency to protect consumers, but little action is expected...
...Aviv No Settlement on Settlements Israeli Prime Minister Benjamin Netanyahu approved plans for the construction of 455 additional housing units in the West Bank while saying Israel would consider a freeze on building in Palestinian-claimed territories afterward--a political compromise that displeased both Israeli hard-liners and Palestinians. The Obama Administration, which has pressured Israel to halt construction in order to kick-start stalled peace talks, expressed "regret" over the plans. Palestinian negotiator Saeb Erekat, meanwhile, dismissed talk of a moratorium, noting that Israel's decision to continue building "nullifies any effect that a settlement freeze, when...
Number of Jewish settlers in the West Bank...