Word: deals
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...might have seemed safe to assume that the drama of the U.N. Climate Change summit in Copenhagen had finally ended when President Barack Obama emerged from a last-minute bargaining session with leaders of major developing nations to announce a deal. Obama quickly left town, aides saying Air Force One had to rush to beat the major snowstorm bearing down on Washington. Having agreed terms with the leaders of the U.S., China, India, Brazil and South Africa - the major carbon emitters of today and, even more importantly, of tomorrow - the President would have seemed to have brought two weeks...
...Mirage's joint partner on CityCenter, the Dubai World subsidiary Infinity World, had sued MGM Mirage and stopped putting money into the project. Unable to find other sources of capital, the casino company was left with two choices: walk away from CityCenter or try to work out a deal with MGM Mirage's bankers. (See the 10 worst business deals...
...urbane flair. But the high-rise-condo market is in dire shape. Murren says MGM Mirage has 50% of its condos under contract, but it also recently announced a 30% price reduction to lure in new buyers as well a financing package to help buyers afford to close the deal...
...conflict up north - and the resources it's consuming - may be undermining efforts to deal with Yemen's other troubles. Nor is it certain that Iran is actually involved in the conflict. "There just isn't any evidence," says Gary Sick, a Persian Gulf expert at Columbia University. He says that waving the Iran card is a useful propaganda ploy in the Arab Middle East. "Although they may have had some evidence of Iranian rhetorical support for the Houthis, I think they took advantage of that limited amount of evidence and blew it up into something bigger to, in effect...
...done little to end the Houthis' rebellion. "The longer this war goes on, the more vulnerable and the weaker the central government looks," says Christopher Boucek, a Middle East associate at the Carnegie Endowment for International Peace. "The government has such a limited capacity that they can only deal with one problem at a time," says Boucek. "They're not focused on the big picture issues that the United States cares about like counter-terrorism or security or al-Qaeda...