Word: banking
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...addition to his Wall Street experience, Breeden knows Washington. From 1989 to 1993, he was chairman of the Securities and Exchange Commission. William Donaldson, another former chairman of the SEC, also has the Washington and Wall Street experience that would make him a good get in today's bank-board race. "The problem these boards have had is that the people who know the most are the insiders," says top financial-services recruiter Gary Goldstein. "It is prudent to have at least a few outsiders on the board who have an unbiased perspective and know the right questions...
...approach adopted by the Clinton Administration - bringing Israel and the Palestinians together in bilateral negotiations facilitated and supported by the U.S. - is not likely to produce results today. The moderate Abbas, who really reigns only over the West Bank, now speaks for just a fraction of Palestinian public opinion, and Israel's security chief, Yuval Diskin, warned on Tuesday that Hamas (which controls the other Palestinian enclave, Gaza, outright) would win any Palestinian election held right...
Meanwhile, Israel's government is built on a right-wing consensus at odds with such fundamentals of the peace process as Palestinian statehood, freezing and evacuating West Bank settlements, and sharing Jerusalem. But even when Israel was led by the centrist Ehud Olmert, Abbas reportedly rejected the best peace deal the Israeli leader was able to offer during last year's talks about talks - an offer that reportedly conceded more territory to the Palestinian state than the deal turned down by Yasser Arafat at Camp David. So the gulf between Israel's best offer and the bottom line...
...international consensus on the parameters for a fair solution to the conflict. That would require outlining the borders between two states (the formula for doing so, based on the 1967 borders, is already enshrined in existing documents such as the "Roadmap"), how to share Jerusalem, the fate of West Bank settlements and of Palestinian refugee families who lost land and homes inside Israel in 1948. In such a scenario, the focus of diplomacy would shift to coaxing, cajoling and nudging both sides toward implementing such a solution. (See pictures of George W. Bush in the Middle East...
Obama on Monday didn't press Netanyahu to reverse his position on the two-state solution, but the Administration has begun pushing insistently for Israel to freeze settlement activity in the West Bank. That practical step toward the two-state destination will likely be the focus, for now, but the Administration is hoping to persuade Arab states to help by offering Israel fresh gestures of recognition in exchange for doing so. To that end, Obama will meet with Egypt's President, Hosni Mubarak, next week. And when the U.S. President meets Abbas, his focus will be both on relieving Israel...