Word: consideration
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The E.U. also lost its bid to convince Russia that a consortium to manage Ukraine's pipeline system should be exclusively controlled by the E.U. Another sticking point was the Energy Charter Treaty, adopted in 1991, that integrated the energy sectors of the former East Bloc into Europe. Russia has...
Why are we enamored with only partially accurate comparisons? Well, consider the alternative. In recent weeks, market watchers and economists have gone hog wild talking about what's going on with "second derivatives." Without venturing too far into the scary calculus stuff, the point is this: we're still headed...
Or consider the policies that are influenced by the notion that our economy needs to be "competitive" when stacked up against other countries'. "If you talk about competitiveness you tend to fall into a football way of thinking," says Deirdre McCloskey, a professor of economics and English at the University...
If you want to know whether the banking crisis is in the third inning or the ninth, consider Corus Bankshares. The Chicago regional bank has made just over $4 billion in commercial real estate loans. The recently completed government bank stress tests assumed that as many as 12% of all...
Whether the Israelis would be ready to live with Iran maintaining a measure of "breakout capacity," albeit under a far tighter inspection regime, remains to be seen. Israeli officials have in the past insisted on a quick and complete end to uranium enrichment in Iran, failing which they'll consider...