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...demand for gas, despite its low price, stays relatively low. Then layer on the effects of the recession: gas-intensive industrial production is down 12.8% since this time last year, according to Barclays Capital bank estimates. On top of that, there's weather: this has been a cool summer in much of the U.S., so less natural gas has been burned for electricity to power air-conditioning than in recent years. (Read "America's Untapped Energy Resource: Boosting Efficiency...
...accused of forging loan documents in order to borrow $74 million from Citibank, he wired the money back. A nice try, but not one that would stave off his arrest. Authorities arrested Nemazee on Aug. 25, shortly before he left on a European vacation. He was charged with bank fraud, released on a $25 million bond and placed under house arrest in his New York City apartment. Nemazee, who raised money for both Hillary Clinton and Barack Obama in the 2008 election, faces a prison sentence of up to 30 years...
...seat of the Palestinian state, calling the city "Israel's undivided capital." But having ignored most other demands forwarded by Palestinian authorities in their peace proposal, Netanyahu now finds himself under pressure from Western nations to give in to almost universal calls outside Israel that settlement on the West Bank be halted. (See pictures of Israel...
...making significant concessions on West Bank construction, Netanyahu risks infuriating his hard-right coalition partners, who could bring the government down by quitting in protest. So he now seems to be shopping the idea of a compromise deal: a freeze on all new building but the right to see through construction that is already under way. In exchange, Israel may be extended various goodwill measures from Arab states, like reopening trade offices, initiating cultural exchanges and opening airspace to Israeli commercial planes, to further encourage movement toward renewed talks - and conditions for stable peace in the region...
...Still, those small, careful steps may be too slow for a situation already favoring extremes. In a survey released on Wednesday by Israel's Maagar Mohot polling company, two-thirds of respondents said they share the hard-right's refusal of any freeze on West Bank settlement - even if Arab nations reward such a move. Meanwhile, the hardship and anger produced in Palestine - and in Gaza particularly - is so great that slow but sure peace progress may not be enough...