Word: drawdowns
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...suggestion that it was intended to encompass passive investors in lenders such as limited partners or shareholders.” Harvard’s Office of General Counsel declined to comment because of the pending legal action. According to Richard Briansky, Fahey’s attorney, a drawdown notice describing the loan and interest rates charged was sent to Harvard at least a week before the loan was approved. Fahey is seeking approximately $20 million, the amount that he said he would have earned on the project. Though the lawsuit did not list specific amounts, damages are being sought from...
...House Democrats reject such arguments. Bush's announcement in September that he was beginning a drawdown was "a study in calculated public deception," Rep. David Obey, the Wisconsin Democrat who heads the House Appropriations Committee, said last week. The pullout of 30,000 troops by next summer will still leave about 140,000 troops in Iraq, the same size force that was there before the 30,000-strong "surge" began earlier this year. "He made clear in that speech that as far as he's concerned," Obey said, "we're going to be there for the next decade...
...only for brief visits with local officials these days, and much of the rest of southern Iraq has no American troops at all. Focused on saving Baghdad, U.S. forces keep up a regular presence with patrols and combat outposts chiefly around the southern reaches of the capital. Meanwhile, the drawdown of British forces in Basra - where the troops have relocated to the local airport outside the city - leaves yet another southern city, with a population of roughly 2 million, unattended by the U.S.-led coalition. That means virtually all of the vast, populous and oil-rich territory stretching from Karbala...
...widely known by everyone in Washington - and, no doubt, by the field commanders of the various enemy formations America confronts in Iraq, who also watch CNN - that the U.S. could simply not sustain the troop levels of the surge much beyond next spring without seriously damaging its military. The drawdown, in other words, is not necessarily a sign of progress; it was inevitable given the current size of America's military...
...Will troops start coming home? Petraeus is likely to recommend that troop levels remain constant at around 160,000 soldiers and Marines until April 2008, when a gradual redeployment will begin. The drawdown process will seem agonizingly slow, and that's because it will be - one 3,500-strong brigade and its supporting personnel a month. The timing is strategic and political. Pentagon personnel predict a massive drop in recruiting and retention in April if troops overseas aren't given long-promised breaks to go home. The political clock is ticking too. A partial springtime withdrawal would permit the White...