Word: baracks
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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...
Even before President Barack Obama took office, critics from John McCain to Joe the Plumber were painting him red. Amid the push for health-care reform, the attacks have intensified. Florida GOP chairman Jim Greer charged that Obama planned to "indoctrinate America's children to his socialist agenda" in a Sept. 8 back-to-school speech...
...back new sanctions was expected, support may also be waning in at least one quarter on which the U.S. had been counting: European and American sources tell TIME that Germany is unlikely to support tougher sanctions unless those have the backing of the entire European Union, dramatically complicating President Barack Obama's diplomatic challenge. (Read "Obama's Tough Choice on Iran...
...true when these get-togethers involve Chinese President Hu Jintao, whose private persona varies little from his public style. As befits someone who is running the world's most populous country, he is intensely disciplined and extremely cautious. On Tuesday, he will meet one on one with U.S. President Barack Obama on the sidelines of the U.N. General Assembly in New York City before heading off to Pittsburgh, Pa., for the G-20 summit on Sept. 24-25. This is what a more relaxed Hu might say to Obama, whose first major decision on trade was to slap...
...easy to miss the most important development in Iran on Sept. 18: the fact that the much harassed opposition was still turning out immense crowds. For one thing, international media coverage had turned to the geopolitical intrigues of President Barack Obama's policy shifts on missile defense, signifying a possible new round of sanctions against Iran, coupled with signs of engagement that the U.S. would sit down with Iran for talks. President Mahmoud Ahmadinejad, sending his usual supply of mixed signals to the world, supports negotiations but is outwardly defiant on budging on Iran's nuclear policy, which Iran claims...