Word: closers
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Dates: during 2000-2009
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...sharing agreement the bank had with the government for Citi's riskiest assets. Citi CEO Vickram Pandit said the moves were signs that his company was returning to financial health. The deal would also remove much of the government's pay restrictions on the bank. "These actions move us closer to ending a very difficult period for our company," wrote Pandit in an internal memo to Citi employees. (See 25 people to blame for the financial crisis...
...informal breaks in the Manama discussions, such affability is likely to be in short supply as regional tensions escalate over Iran's growing influence in the Arab world and over the stalemate in diplomatic efforts to resolve the nuclear standoff. That's likely to see nervous Arab regimes drawing closer to the U.S. military - and, presumably, to continue shopping at Lockheed Martin and Raytheon...
Take international affairs. During the first year of his presidency, Sarkozy's frosty relationship with German Chancellor Angela Merkel led him to downgrade the Franco-German relationship that has traditionally been central to French policy in Europe and instead cultivate closer ties with the U.K. But in April, ahead of the G-20 summit in London, the French leader rushed back to Merkel on the issue of tougher international regulation of financial markets, and has since encouraged a tighter relationship with Berlin. Last week, Sarkozy even started a public fight with British Chancellor Alistair Darling by bragging that the appointment...
While not all Iranians remember Khomeini fondly, and most of the youth barely remember him at all, the late Ayatullah seems to be inching closer to the center of the political crisis in Iran. This is likely because, as with most revolutionary leaders in history, what Khomeini symbolizes to the country and its political system has become more important than what he actually did. (See the top 10 news stories...
...even as the Israelis focus on the perceived threat from Iran, time is rapidly running out for a two-state solution to the conflict with the Palestinians. Frustrations are running high among Palestinians, who have watched two decades of negotiation with the Israelis bring them no closer to statehood. A latticework of Israeli security zones and settlements makes nonsense of the territorial integrity of the West Bank, while a ring of Israeli-controlled space is forming around East Jerusalem, without control of which no Palestinian or Arab leader will be able to accept any peace agreement. Not surprisingly, then, Palestinian...