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...delight of Republicans, who broadcast his remarks in press releases), "the payback would be the Employee Free Choice Act - that would be a vehicle to strengthen and build the American labor movement and the middle class." Still, in this economic climate, payback for anything will likely be difficult...
Satoru Ogasawara, economist for Credit Suisse in Tokyo who covers foreign exchange, expects the yen to advance to 85 to the dollar within three months and to 83 over the next year. Intervention, he says, will come at the 85-level, but even then it is difficult to predict what will happen. "What we're seeing is the unwinding of the yen carry trade," says JPMorgan Chase's Sasaki, referring to the practice of buying low-interest yen and investing it in high-yield currencies. "It's a very strong and powerful movement and it's difficult to stop...
...clear that Obama has actually settled his positions on the more difficult foreign and domestic policy issues yet. Try drilling in with Obama's advisers on his approach to Arab-Israeli peace talks, negotiations with Iran or education reform, and you quickly find much debate but no hard policy decisions. In that light, Obama's outreach seems less about preventive cover for liberal policies than prudent network building for whatever positions, left or right, he ends up taking...
...Haig thesis finally proved to be a dead end when about three years ago Felt started to go public about his role as Deep Throat. First, Felt's family attempted to sell his story to national magazines. By then, age had taken its toll and it was difficult to ask him the kinds of specific questions that would have confirmed his claim. There was also the problem that his story's exclusivity could have been quickly eclipsed by Woodward's own account of the relationship. Later, Felt's family and his attorney told the story themselves in Vanity Fair magazine...
...Prime Minister has been trying to shed his reputation for being beholden to the U.S. Now the groundswell of public support for al-Zaidi's actions has made it even more difficult. The correspondent has become an instant folk hero not only in Iraq but also across a region that feels vindicated in some small measure that David got one over Goliath. In Jordan lawmakers observed a minute's silence in solidarity with the jailed reporter. An Egyptian man has reportedly offered his 20-year-old daughter in marriage to "this hero," telling the Gulf Daily News "this is something...