Word: banking
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...fair, the administration has some severe constraints on its ability to use fiscal and monetary tools to stimulate growth. Government debt stands at a whopping 160% of GDP, so the country can't readily spend its way back to prosperity. Cut interest rates? Not when the Bank of Japan's policy rate already stands at 0.5%. Still, Fukuda and his newly appointed Cabinet ministers have options...
...decades, both the Israeli and Jordanian governments have blocked off the Jordan's sources. The relative trickle is so shocking that American pilgrims are often heard exclaiming "That's it?" when crossing the river at Allenby Bridge, the checkpoint separating the Kingdom of Jordan on the river's east bank from Israel and the occupied Palestinian territories on the west...
...reduced habitats for the 500 million birds migrating each year from Europe to Africa. It is killing the Dead Sea, which, without replenishment from the Jordan, is being reduced in depth about a meter a year. And it is helping decimate Palestinian towns in the occupied West Bank--home to some of the world's oldest continuously inhabited cities--which are slowly dying of thirst without access to the river or the authority to dig their own wells...
...remunerative collection of media jobs. Rove and his new employers won't say how much he's making - "not until you ship me your income tax return and send me your monthly bank statements," Rove says when asked. But a knowledgeable industry source says he gets $50,000 a pop for the two to three speaking engagements he does every week. By several accounts his book deal with Simon and Schuster brought in a seven-figure advance. The Wall Street Journal declined to discuss his employment, and John Moody, his boss at Fox News, says only, "Karl brings...
Nearby, queues formed outside a bank as Zimbabweans waited to withdraw remittances sent from abroad by relatives. When a 21-gun salute sounded in Mugabe's honor, people scattered, as though they expected reprisals. The mood of rebellion seemed to infect the ranks of Harare's political analysts too. Though few could hear him, Mugabe vowed in his speech to tackle corruption and provide food. Political analyst Fred Musayengana dismissed the address as lacking substance. "There is really nothing to talk about in the President's speech," he says. "It is hollow. It does not address fundamental issues like employment...