Word: galbraith
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...bring East Timor $100 million a year for 20 years. But outside the current boundaries, Australia is issuing new exploration licenses and receiving revenue from the Laminaria fields. "Australia is continuing to take oil from the area in dispute at a rate of $1 million a day," says Peter Galbraith, a former U.S. diplomat who leads Dili's negotiators. "Because Australia is depleting the resource, the negotiations are a matter of great urgency." Moreover, discussions on the division of petroleum taxes from the $25 billion Greater Sunrise project-also in the disputed area-have stalled...
...boundary talks will resume in Canberra in September. "Australia is refusing to negotiate on the main issue-the location of the lateral boundaries," says Galbraith. "There's a significant gap at the moment, and closing that gap will take a long time," counters Australia's Downer. East Timor's Alkatiri says his country is open to a "creative solution" but would call on "mutual friends" if the talks fail. Downer says Australia is open to fresh ideas: "We have heard a lot of abuse and criticism, but in terms of constructive solutions, let's see them...
...heat. In a chilly conference room at the Hotel Timor, a bespectacled delegate is setting out Australia's position during official talks that are meant to build a permanent legal fence in the sea between his abundant nation and its impoverished near neighbor. East Timor's lead negotiator, Peter Galbraith, is unmoved by the Australian's argument, but now he's roused by a Canberra official's refrain of "I wish I had a dime for every time I've heard that one" in response to Dili's case. Galbraith asks a woman on his team to hand...
BEING A CONSERVATIVE USED TO BE LONELY WORK. WHAT'S IT LIKE NOW? Different. There is a family out there, and a movement, and some very brainy scholars. Not everywhere, of course. At Harvard, I was recently informed by Professor John Kenneth Galbraith, there is not a single professor who backs Bush. He modified that later; he had been guilty of conversational hyperbole. But he pointed to a curious and continuing division in thought between faculties in the elite colleges, and humble folk like...
...problem, as Galbraith sees it, is not that the economy isn't improving or that corporate earnings aren't bouncing back. They are. It's that too many investors have been afflicted by a perplexing bout of short-term-memory loss...