Word: defaultations
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...says Ann Itto, deputy general secretary of the southern Sudan People's Liberation Movement (SPLM). Independence became the official southern goal. Under the CPA, it was also an option. Which is how, by backing a peace deal, the world now finds itself also supporting the breakup of Sudan by default...
...Meanwhile, the default position for the GOP in the Obama era is no, and while its united recalcitrance failed (barely!) to stop health care, that's likely to make its leaders even less eager to hand the President another big victory. For reasons of anti-regulatory ideology as well as intense pressure from banks and other business lobbies, many Republicans - and some conservative Democrats - are deeply uncomfortable with a financial crackdown in the first place. Senator Bob Corker has been the GOP's leading voice for compromise, even criticizing his own party's intransigence, but he also told me many...
...fiscal stimulus and argues that stimulus spending must continue. Conservatives, however, propose swifter action to reduce Britain's borrowing. That view has been bolstered over recent weeks with the world's three biggest credit-rating agencies raising concerns that the scale of debt puts Britain at significant risk of default. That might seem to raise the mortifying prospect of another British Prime Minister going cap in hand to the IMF. Ironically, the IMF backs Labour's more cautious approach to deficit reduction, warning in February that stimulus packages needed to be maintained "well into 2010 for a majority...
...stay-at-home mom when I learned that people in default can include borrowers like my husband, who had never missed a payment but whose bank decided not to renew his company's line of credit. This was in 2006, when lenders were starting to rein in aggressive loans made to small businesses. In the case of my husband, a wholesale supplier whose revenues were declining, the credit line that started at $250,000--and steadily increased for six years--matured, was briefly extended and then was cut at the bank's discretion. The bank FedExed my husband...
...they alone. Arabs, who would seem to have an even stronger race claim than Hispanics do, are trumpeting their own write-in campaign because the Census by default counts them as white - and the bureau announced this week that it has no intention of changing that policy in 2010. Incredibly, the term Arab doesn't even appear on the census form, though other Asian ethnicities, like Indian, are listed as races. (Ironically, part of the problem is that Arab immigrants a century ago petitioned the Federal Government to be categorized as white to avoid discrimination. Today, Arab-American leaders realize...