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...mismanaged revenue from land it holds in trust for more than 300,000 Native Americans under an 1887 law. (The government oversees leases of land for mining, oil and gas drilling, livestock grazing and other uses.) The Federal Government also agreed to create a $60 million higher-education scholarship fund for Native American students. President Obama called the proposed settlement in Cobell v. Salazar--one of the largest and most complex class actions ever brought against the government--an "important step toward a sincere reconciliation" between the U.S. and Native Americans. The pact must be approved by a federal court...
...people to die in order to avoid potentially costly lawsuits. For a country currently engaged in two wars, accepting comprehensive responsibility for wartime damages could set an expensive precedent. "They know what the problem is and where it is," says Chuck Searcy, country representative of the Vietnam Veterans Memorial Fund. "Why do they now need an environmental impact assessment? They are studying this to death...
...says Markelov was likely just a bit player and notes the $230 million has yet to be returned to the Russian treasury. To get to the bottom of who was responsible for Magnitsky's death, "one needs to find out who got the stolen $230 million," says Browder, whose fund was once the largest foreign investor in Russia and who has been barred entry to the country since Russia deemed him a threat to national security in 2005. (See pictures of Vladimir Putin...
...statement, Clinton advocated for a fund of at least $100 billion dollars per year by 2020, to aid countries in dealing with the climate-related disasters that could be on their way. While the EU did not seem overly impressed with the announcement—an indication of potential disappointment at the suggested sum—Clinton’s voice re-energized other players, leading negotiators in the right direction. India’s Environment Minister Jairam Ramesh “hailed” the announcement, calling it a “‘very important step...
Clinton’s proposition came with strings attached. She explained that the U.S. supports the fund only if developing nations will submit to “international scrutiny” surrounding their greenhouse-gas mitigation efforts. We agree that developing nations must reduce their emissions significantly, and call upon China and India to act as leaders among developing nations by agreeing to scrutiny. In fact, it is a shame that these countries have resisted binding emissions targets so far, since they play an ever-more prominent role in the emerging climate crisis. Unfortunately, China and India must embark...