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That mission may become a greater challenge within the parameters of the pact. Vermeesch and his battalion are based in a former Shi'ite militia hot spot, which promises only more sectarian tensions as Sunni families who fled the town begin to return to their old neighborhoods, which remain dominated by the Shi'a. Attacks are much fewer than last year but still average one a day, Vermeesch says. Now, under the security agreement, U.S. forces can no longer carry out a raid, search, cordon or even a patrol without their Iraqi counterparts. In the past two weeks, four minor...
...find the ability, to soak up all this excess liquidity. Recessions ordinarily lead to deflation or disinflation, which increase the real value of assets and act to end the recession by fostering spending. This natural and necessary corrective mechanism will be thwarted by inflation as soon as we begin to get out of the recession. That is the danger of treating a crisis of confidence as a crisis of liquidity...
...business Republicans in Washington). Either way, such gestures make it harder for the Castros to rail against gringo imperialism. For his part, Raúl Castro recently told actor Sean Penn in an interview for the Nation magazine that he and Obama "must meet" in a neutral place "and begin to solve our problems...
...Treasure Island for $775 million to billionaire casino operator Phil Ruffin. The cash infusion should help the corporation finish construction on its $9.1 billion CityCenter, the largest private construction job in the U.S. Yet even in the best-case scenario, Vegas - and the rest of the country - won't begin to drive out of the ditch until the end of next year, as consumer spending improves, new hiring resumes and the city's battered construction industry gets back on its feet. The worst case? The recession deepens, and the ditch turns into a cliff. (Read an analysis of Vegas...
There is no doubt that an Obama presidency will mark a suspension of the assault on unionization that started under Ronald Reagan and peaked under George W. Bush. Obama is sure to appoint labor-friendly members to the National Labor Relations Board and begin to undo many of the obstacles Bush constructed. But the big question is how hard he will push for the measure at the top of labor leaders' wish list: the Employee Free Choice Act [EFCA]. During the campaign Obama expressed support for the bill, which would attempt to facilitate union organizing by doing away with secret...