Word: crisises
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The crisis intensified when the United States, following the lead of some Latin American countries and the Organization of American States, refused to recognize the new government. Leaders of these countries sought to restore Zelaya to power, even though the Honduran Congress and Supreme Court had sanctioned the ouster.
I do not make this decision lightly. I opposed the war in Iraq precisely because I believe that we must exercise restraint in the use of military force and always consider the long-term consequences of our actions. We have been at war for eight years, at enormous cost in...
Over the past several years, we have lost that balance and failed to appreciate the connection between our national security and our economy. In the wake of an economic crisis, too many of our friends and neighbors are out of work and struggle to pay the bills, and too many...
Dubai's financial crisis may have calmed a bit now that the central bank of the United Arab Emirates has promised to stand behind the city-state's banks with fresh liquidity. After all, the U.A.E., to which Dubai belongs, has perhaps $700 billion accumulated from petroleum riches - a resource...
But the question remains, if the central bank in Abu Dhabi decides it no longer wants to help out its construction-crazed, oil-bereft dependent, what assets would Dubai be able to offer up to the foreign banks who are owed billions? (Read about the Dubai debacle and the world...