Word: closers
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...much of the world, including Asia, considered Obama their leader too. From climate change to a détente with Islamic nations, Asians hoped Obama would somehow solve a multitude of global problems. But there was no magic wand, nor has Obama's connection to Asia translated into significantly closer ties. "Even though he grew up in Indonesia, Obama's strength is as a local community activist, not as a foreign policy expert," says Bara Hasibuan, foreign policy chief for the National Mandate Party, a member of Indonesia's governing coalition. "So far, America's policy of benign neglect toward...
...largest partner in commerce after the E.U. and Japan. The Southeast Asian club has signed trade pacts with Japan, India, South Korea and, most importantly, China, paving the way for a regional economic bloc that could rival the E.U. Note that the U.S. isn't involved. "If we are closer to China now, it is only because the U.S. has neglected us," says Kavi Chongkittavorn, a Thai columnist who writes about foreign affairs. Wirjawan, the head of the Indonesian investment board, jokes that, "If I want to get Americans going, all I have to say is China's interested...
...international "Tobin tax" - a levy on financial-market transactions ranging from foreign-currency trades to derivatives - received a chilly reception abroad. U.S. Treasury Secretary Timothy Geithner pooh-poohed it as "not something we're prepared to support." But Darling's call for a global bank tax could yield something closer to the U.S. vision. Such a levy might involve taxing banks' wholesale funding, in line with the Financial Crisis Responsibility Fee proposed by Obama in January...
...credit program before its April 30 contract deadline. (Under the program, a contract must be signed by April 30 and the home closed by June 30.) Expect lobbying efforts calling for the credit to be extended a second time to escalate as the expiration date draws closer - similar to what happened in the weeks leading up to the first expiration date. But not all experts are on board. Jay Brinkmann, chief economist with the Mortgage Bankers Association, says he would not like to see the program extended a second time. "They work best if they're somewhat rare and short...
...then offered the coordinates of this star to Frebel, who departed for Chile to take a closer look with the Magellen-Clay Telescope using high-resolution spectroscopy. Though this kind of spectroscopy takes much longer, it provides more details about the “personality” of the star, Frebel said...