Word: centralizes
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...Surrender Bush would decide alone. In private, he was bothered by Libby's lack of repentance. But he seemed more riveted by the central issue of the trial: truthfulness. Did Libby lie to prosecutors? The President had been told by private lawyers in the case that Libby never should have testified before the grand jury and instead should have invoked his Fifth Amendment right not to incriminate himself. Prosecutors can accept that. But lie to them, and it gets personal. "It's the difference between making mistakes, which everybody does, and making up a story," a lawyer told Bush. "That...
...severe delays. Many have had to come up with alternative travel plans and take underground trains, trams, buses, even bicycles - anything to get them from A to B. "It's totally chaotic," says Susanne, a lawyer (who declined to give her last name) waiting at Friedrichstrasse station in the central Mitte district. "I rely on these trains to get to work, and I can't believe they're all down at once." Another disgruntled passenger compared the disruption to "being in the Third World." (See the video "Global Business Tips: Germany...
...part of a gated-community outside the capital city of Erbil. There have been no U.S. combat fatalities in the autonomous Kurdish region since the fall of Saddam Hussein, in 2003. But there's one thing the Kurdish Regional Government (KRG) can no longer lord over the struggling central government in Baghdad: democracy...
...incipient bubble is being created by government policy. In response to the global credit crunch of 2008, policymakers in Asia slashed interest rates and flooded financial sectors with cash in frantic attempts to keep loans flowing and economies growing. These steps were logical for central bankers striving to reverse a deepening economic crisis. But there's evidence that too much money is now sloshing around. It's winding up in stocks and real estate, pushing prices up too far and too fast for the underlying economic fundamentals. "We're not in a full-blown bubble yet," says David Cui, China...
...investors - who have been well schooled in the dangers of bubbles over the past decade - are increasingly wary that prices have risen too far, and that the slightest bit of negative economic news could knock markets for a loop. These fears are compounded by the possibility that Asia's central bankers will begin taking steps to shut off the money spigots and bring the party to an end. On July 29, rumors that Beijing was on the verge of tightening credit sent Shanghai stocks plunging 5%, their biggest decline in eight months...