Word: boosts
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Defense Secretary Robert Gates and Secretary of State Condoleezza Rice made an unusual joint visit to Saudi Arabia and Egypt this week. In Saudi Arabia, Foreign Minister Saud al-Faisal welcomed the visitors and promised to "explore how we can start an embassy" in Baghdad, giving a boost to the U.S.-backed Iraqi government. Al-Faisal also opened the door to another longtime U.S. goal by agreeing to consider Saudi attendance at a new Arab-Israeli peace conference...
Iran, which got a major security boost when the U.S. took out two of its biggest enemies in Saddam Hussein and the Taliban, is nonetheless feeling the pressure. It hopes to acquire several billion dollars worth of Russian military aircraft and is pressing ahead with what it insists is a peaceful nuclear program, which critics say can be diverted to atomic weapons. Welcome to the newest twist of the Middle East arms race...
...Barclays, the British bank locked in a struggle with a consortium led by Royal Bank of Scotland (RBS) to acquire Amsterdam-based ABN Amro. If Barclays increases its $94 billion cash-and-stock bid--unlikely unless Barclays' stock price rises--to beat RBS's $98 billion offer, CDB will boost its stake in Barclays to $13.5 billion, making it by far the biggest Chinese offshore investment ever...
...kids who get snared in deportation dragnets along with their parents. But this week Juan's Internet-savvy high school friends in Miami have turned his case into a cause celebre in Washington - and even if the brothers eventually do get deported, the publicity they've garnered may well boost the passage of a federal immigration bill that would keep other young people like them from suffering the same fate in the future...
...Abbas did get one boost from Rice: the promise of $80 million in non-lethal aid to improve the training and capability of his feckless security forces. Sources close to the negotiations said this aid would be used for "law and order on the streets" and not for an eventual showdown between Abbas' forces and Hamas. But throwing money and bullet-proof vests at Abbas' security forces may not help Abbas overcome his most dangerous weakness - the loyalty of his men is doubtful. Abbas has yet to get rid of his officers who fled Gaza, leaving their troops behind. Efforts...