Word: guarantors
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Dates: during 2000-2009
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...reason to support the Americans. In December a blue-ribbon commission created by the Council on Foreign Relations and the James A. Baker III Institute for Public Policy of Rice University had argued the opposite case. The Iraqi army, the panel said, "could serve as a guarantor of peace and stability if it is retrained in part for constabulary duty and internal security mission"--something that has only just been started. Ron Adams is a retired Army lieutenant-general who acted as deputy to retired Army General Jay Garner, chief of the reconstruction effort in its first months. Says Adams...
Norway's Pride Over a Barrel As Norway's biggest firm, the oil giant Statoil has always played a vital role in the country's self-image. With revenues of $34 billion a year, the state-owned company is seen as a guarantor of the country's social-welfare system. But when Statoil tried to expand its shrinking domestic business by looking for gas in Iran, it ran into trouble. In mid-September, economic-crime police raided the company's Stavanger headquarters; they believe a $15 million payment to the Swiss bank account of a consulting firm may have been...
...from clear that that the North Koreans have any intention of genuinely renouncing nukes. They've broken four previous agreements to get this far, and many U.S. and South Korean officials conclude that the North Korean regime may have decided to pursue a nuclear deterrent as the guarantor of its survival irrespective of the diplomatic state of play. After all, it's logical to assume that those countries currently talking to North Korea in the hope of stopping it going nuclear aren't going to turn their backs on Pyongyang once it demonstrates an actual nuclear capability by testing...
...China's exports, directly and indirectly employs millions of Chinese workers, and is the single largest foreign direct investor there. Furthermore, learning from the Soviet experience, Beijing wants to avoid bankrupting itself in a futile arms race with America. As for Taiwan, though the U.S. is Taipei's principal guarantor, not even the Bush Administration is prepared to support independence. For the status quo to continue, Beijing has to engage Washington, not rebuff...
...Taufik was handed a rare no. Freeport had acted as guarantor for the original loan from Chase Manhattan of $315 million, which enabled Hasan to buy the shares. It had also pledged to lend Hasan's company any shortfall on the interest payments not covered by dividend from the stock, a sum that had climbed to some $69 million by late 2001. Freeport withdrew its guarantee and paid off the $253.4 million remaining on the loan. In return the company got back the troublesome 4.7% stake. Freeport says the decision to repay the loan came after Hasan's company said...