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...first time a non-Westerner has held the job, and Boutros-Ghali knows he carries the developing world's expectations. His main task, he says, is to get the IMF to better understand its borrowers. "[I've] experienced the pointy end of IMF policies," he says. "I bring a view different from a G-7 Finance Minister. I am sensitive to different things - I can help to change the optics." (Read: "Can the G-7 Save the World from Financial Chaos...
...twice. "I thought Dubai looked like the safest place to invest in the Middle East," he says. "They appeared to have laws that would protect investors." But Dubai's real estate regulatory body was set up just two years ago. And Dubai's legal system gives no right to bring class-action suits, leaving Knight and his group drawing names out of a hat to see which of them gets to go first...
...foreign oil, yet a serious effort to build new ones is missing from the Obama energy plan because it offends the environmental left. Health-care reform will be massively expensive, yet the trial lawyers' lobby is not being asked to endure the cost savings that tort reform would bring to health insurance. The teachers' unions are unscathed as billions in new spending is poured into public education. Costly - and popular - farm subsidies are untouched (except for those painlessly targeted at "rich" farmers...
...searched for a gas station in a mad rush just before returning a rental car? Lest you miss your flight back home, remember that Enterprise, National and Alamo charge about $3 per gallon to fill the tank - compared with $6 to $8 at other rental agencies - if you bring the car back empty...
...this year of roughly $20 billion, which could be covered by the surplus funds. How the Iraqi government can continue to generate enough cash to fund itself going into 2010 is largely unclear to American and Iraqi officials looking at the problem now. (See how relative stability has helped bring new life into Iraq's streets...