Word: britain
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...practice has had some successes: President Dwight D. Eisenhower defused a row over the Suez Canal with economic sanctions against Britain; Swiss banks were forced to pay reparations to Holocaust survivors when faced with a boycott, led by some U.S. states, for harboring pilfered assets; and stiff sanctions helped convince Libya to disavow terrorism after the 1988 Lockerbie jetliner bombing. But those are generally the exceptions. "Putting a sanction on a country always seems to be an inexpensive way to address the problem," Senator Richard Lugar of Indiana has said. "Unfortunately, almost none of these sanctions have brought about change...
...limits on the extent to which they would be able to leverage their balance sheets. They would also require banks to keep a portion of the loans they sell as asset-backed securities to ensure that they have a stake in what happens to those loans. Some regulators including Britain's Turner are calling for big financial institutions to have "living wills" that would enable their activities to be wound up in an orderly manner in the event they failed, thus avoiding the sort of panic caused by the bankruptcy of Lehman Brothers a year...
...Fixing Those Bonuses Almost everyone thinks something should be done to curb big paydays for bailed-out bankers, but solutions are elusive. Finance Ministers of the G-20 nations earlier this month agreed that bonuses should be more clearly tied to performance, but Britain and the U.S. resisted demands by France and Germany to have them capped. Sensing the prevailing political winds, some bankers are already moving to forestall draconian new rules. The Dutch banking association announced that its members have agreed to cap bonuses and severance pay. And in France, bankers have been so frequently called to the Elys...
...especially in the past 12 months. An August poll by French daily Le Figaro found that just 36% backed France's military's presence in Afghanistan. In July, a Forsa poll for German magazine Stern found that 61% of Germans want the country's military involvement to end. In Britain, which has 9,000 troops in Afghanistan - the second largest deployment after the U.S. - a recent survey for the National Army Museum found that only 25% favored the mission, compared with 53% opposing it. Even in the U.S. support for the war has slipped, as President Obama contemplates sending more...
...Iran during the 1953 U.S.-backed coup that placed Reza Pahlavi on the Peacock Throne, earned the runner-up Silver Lion prize for director Shirin Neshat. Ksenia Rappoport took Best Actress as a Slovenian immigrant with a mysterious agenda in the Italian thriller The Double Hour. And Britain's Colin Firth was named Best Actor for his role as a gay professor in mourning over the death of his lover in A Single...