Word: deal
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...response to the financial crisis. Adrian Mowat, chief Asia and emerging-market strategist for JPMorgan in Hong Kong, says that central bankers may follow Britain's lead by pumping liquidity into their banking sectors and underwriting loans between banks. "The situation is so serious that they will have to deal with it," Mowat says. "The collapse and crash this week means they must...
...Obama began his response with a simple declarative sentence: "I believe that health care is a right for every American." The rest of his answer could be used as a template for how to deal with a complex issue in a town-hall debate. He began with a personal story: his mother, dying of cancer at age 53, having to fight her insurance company, trying to prove that her disease had not been a pre-existing condition. He broadened that into a general proposition about the proper role of government: "It is absolutely true that I think it is important...
...into a free market. That's absolutely true when it comes to buying refrigerators. But health insurance is complicated and scary; most people don't have the time or expertise necessary to make wise choices. They rely on their employers to make sure they're getting a good deal - and to fight for them if the insurance companies try to cheat them. And with many employers slouching away from that responsibility, the public seems ready to turn to the government for protection. In a collapsing economy, government regulation - forcing insurers to cover everyone at reasonable rates - sounds more comforting than...
...Supplies - a division of the Kenyan Defense Ministry. But a South Sudanese government adviser, speaking on condition of anonymity on Thursday, rejected that notion. The adviser, a former fighter with the Sudan People's Liberation Army (SPLA), told TIME that Kenya had agreed long ago to facilitate such arms deals for South Sudan. "I know they belong to us, to South Sudan," the adviser said in a telephone interview. "There was a deal between the SPLA and the Kenyan government that they facilitate everything. The destination is simple - they were going to South Sudan...
...that's indeed the case, that the tanks are meant for South Sudan, then it's possible the parties involved are violating the terms of the Comprehensive Peace Agreement (CPA), the historic 2005 deal that ended Sudan's 21-year civil war. According to the CPA, neither North nor South Sudan is allowed to rearm in the period before a 2011 referendum is held on South Sudanese independence - unless they have express permission from a Joint Defense Board, which is then obligated to inform the U.N. peacekeeping mission in Sudan. A spokesman for the U.N. Mission in Sudan tells TIME...