Word: banking
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...important, the only significant result of taking the North off the list is that the U.S. is no longer required by law to block international lending to Pyongyang. The U.S. still can, if it likes, block that lending given the control it has over such loans at the World Bank and elsewhere. "If we learn 45 days from now that the North Koreans lied and cheated in their plutonium declaration," says Samore, "there's nothing that prevents the United States as a matter of policy from blocking loans...
...this out - that Pyongyang simply doesn't move if it feels its negotiating partner isn't living up to its promises. In early 2007, for example, the U.S. agreed, over its own Treasury Department's objections, to unfreeze millions of dollars of North Korean assets then held in a bank in Macau. Once it did so, North Korea slowly began dismantling its nuclear reactor at Yongbyan, which provided the plutonium for the 8 to 16 nuclear bombs U.S. intelligence agencies now believe North Korea has - including the nuke it tested in October of 2007. On Friday, June 27, Pyongyang says...
...plan unraveled within two months. Only two units were "sold," prosecutors say, and a bank wire transfer of $690,000 to an account held by Rivera led to the arrests. The bogus sale price of the homes may have been the giveaway. "Generally, where there's been the fastest price appreciation is where we've seen the greatest incidents of mortgage fraud," says John Mechem, spokesman for the Mortgage Bankers Association...
When Nguyen Tan Dung became Prime Minister of Vietnam two years ago, the former central bank governor was widely viewed as a progressive who would continue to drive the communist country's remarkable transition from moribund planned economy to a booming capitalist one. But this year, Vietnam's outlook has dimmed. While GDP growth remains strong at more than 7%, the inflation rate has rocketed to 25%, there have been a large number of outbreaks of labor unrest and the stock market has plunged by nearly two-thirds since January, making it the worst-performing in the world...
...knew him before, when I was the governor of Vietnam's central bank. I would like to hear his assessments of the U.S. economy, the global economy and the Asia economy. I would also like to get his advice on the Vietnamese economy...