Word: broking
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...slammed APEC as "a talk shop of debatable output." The region has other forums, notably the 16-member East Asian Summit. But, says HSBC's Edwards, only APEC "includes both China and the U.S. and all the economies that have most to lose if their relationship broke down. There are all sorts of points of tension between the two that can be modulated by the diplomacy of the others." With many members allied with the U.S. but ever more reliant on trade with China, its talk-shop role alone could soon make APEC worth having...
...former member of the party himself, Allawi broke with Saddam Hussein in 1975 and lived in exile in London. He survived an assassination attempt by Ba'ath agents in 1978. But since his return to Iraq after the fall of Saddam, he has consistently argued that the entire party membership should not be criminalized. Many Iraqis joined the Ba'ath under duress, or because it was the only way to get jobs or advance careers...
...news that Edwards, who launched his candidacy in New Orleans and has denounced predatory lenders' foreclosing on people there, has some $16 million invested with Fortress-and Fortress has stakes in subprime lenders that are foreclosing on people in New Orleans. Edwards told me that when the story broke in May, he sought assurances from Fortress that it wasn't engaging in predatory practices and asked the company to intercede on behalf of a New Orleans mortgagor facing foreclosure. "They said, We'll do that, I said O.K., and then I forgot about it," he said. That was another mistake...
...sporadic clashes broke out Monday night in the Shi'ite holy city, which was packed with pilgrims celebrating the birth of a revered 9th century imam. Gunmen from radical cleric Moqtada Sadr's Mahdi Army were operating as a security force for the pilgrims, whose periodic marches to Shi'ite shrines attract attacks from Sunni insurgents. Once in the city, though, the militia clashed with gunmen of the Badr Organization, the armed wing of the rival Supreme Islamic Iraqi Council (SIIC...
...fighting continued, Karbala was put under curfew, pilgrims were ordered to leave the city, and Prime Minister Nouri al Maliki ordered in government troops to restore order. But fighting between Badr and the Mahdi Army broke out in other Shi'ite cities and in Shi'ite neighborhoods of Baghdad. The death toll, which already reaches into the dozens, is expected to rise as more bodies are recovered in Karbala...