Word: gulf
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...with what they were seeing around them because it was so clear that this disaster was being harnessed to push through a radical vision of totally unrestricted markets. And Bush didn't make too much of a secret of it when he announced that his idea of reconstructing the Gulf Coast was to turn it into a tax-free, free-enterprise zone...
China is the most obvious example. But there's also Saudi Arabia and its Persian Gulf neighbors, overflowing again with oil wealth. Even Japan, while not exactly booming, has seen its currency remain curiously weak during the dollar's long fall...
...with hundreds of billions of dollars that they don't know what to do with. Up to now they've been content to recycle most of them by buying Treasury bills and other U.S. securities. The U.S. has enjoyed the low interest rates that have resulted, while China, the gulf states and Japan haven't wanted to face the consequence that by selling dollars, they would decrease the value of their remaining dollar holdings...
...Complicating the students’ return to their Gulf Coast institutions was the fact that they needed to take their Harvard exams as they began a new semester in New Orleans. Payne remembers the hassle of studying for finals at the same time his Loyola classmates became involved in community service projects around the city. “For the first few weeks, I was kind of stuck in the library here. I remember finishing a paper during the flight into New Orleans. It was a hard first few weeks back,” he says. Slattery, the freshman, found...
...France, of course, is not one of Iran's neighbors, and most of those countries would read the French comments as part of an effort to fabricate a sense of crisis over Iran's nuclear program. Indeed, even as Fillon spoke, the Gulf Cooperation Council - which includes such key U.S. allies as Saudi Arabia, Bahrain, the United Arab Emirates and Kuwait - was moving to open trade talks with Tehran despite U.S. calls for Iran?s isolation. And Egypt was hosting a high-level Iranian diplomatic delegation in talks aimed at normalizing relations, rejecting talk of confrontation and instead demanding...