Word: currented
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...Little in these reforms is really new," Kaufman says of the current White House-backed Democratic Banking Committee plan. He calls the provisions for new "resolution authority" to dissolve failing banks "an illusion," since the sheer size of the institutions makes painless, prepackaged liquidation unlikely. He worries about loopholes that exempt certain highly profitable derivatives from federal oversight. But most of all, he believes the current Senate plan, which relies on the wisdom of bank regulators, won't prevent another crisis. "The sad reality is that regulators had substantial powers," he announced during another Senate-floor speech in March...
...Those reasons extend beyond an overstimulated domestic economy. The geopolitics of the move are also pressing for Beijing. Though exports collapsed last year as the world plunged into recession - China's current account surplus declined by about half as a percentage of its overall economy - that adjustment phase is over. Exports will again add to GDP growth in China this year, and in an era of high unemployment in the U.S. and Europe, the potential for a serious protectionist backlash is very real. (Indeed, a team from Treasury slipped quietly into Beijing recently to make just this point.) For administrations...
...gained access to the facility's control room and shot an emergency-services officer in the chest. They fled without making any effort to steal the nuclear material, and the reason for the break-in and the attackers' identity remain a mystery. "The break-in validated what we do. Current international security guidelines are woefully inadequate," Bieniawski says, adding that no amount of physical protection can provide total security or combat the "insider threat." All confirmed cases of illicit trafficking of HEU in the past 20 years have involved employees siphoning off material and attempting to sell...
...also of deepening links with organized crime and drug running from Afghanistan and Tajikistan. International monitors questioned the fairness of elections held last July, while dissidents and journalists were often arrested or disappeared. Discontent over recent allegations of corruption came to a head this April and led to the current wave of violence that has sent Bakiyev fleeing from the capital. Roza Otunbayeva, a former foreign minister who led the opposition and now claims to be in charge of the country, says the revolt is the "answer to the repression and tyranny of the Bakiyev regime." But it may well...
...Another irony is that Abhisit's Democrats have traditionally been the party to most strongly advocate having a professional military uninvolved in politics. But their interests have converged in an anti-Thaksin alliance as the ousted leader continues his involvement in politics while in exile, allegedly funding the current protests. The army appears to need Abhisit to stay in power: army chief General Anupong Paochinda is slated to retire in October, and his anointed successor, General Prayuth Chan-ocha, is known to be unsympathetic to Thaksin. Should Abhisit be forced from office by Red Shirt protests and Thaksin's allies...