Word: handfuls
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...borrowing. That view has been bolstered over recent weeks with the world's three biggest credit-rating agencies raising concerns that the scale of debt puts Britain at significant risk of default. That might seem to raise the mortifying prospect of another British Prime Minister going cap in hand to the IMF. Ironically, the IMF backs Labour's more cautious approach to deficit reduction, warning in February that stimulus packages needed to be maintained "well into 2010 for a majority of the world's economies." (See pictures of the City of London...
...past year, Holder and Obama have been navigating one of the more difficult constitutional relationships in American government. On the one hand, the Attorney General is appointed by the President; on the other, he must remain politically independent of the White House. Holder, who as Deputy Attorney General a decade ago approved both the expansion of Ken Starr's investigation of Bill Clinton and Clinton's disastrous pardon of fugitive financier Marc Rich, needs no lesson on the pitfalls of his position. But Holder enjoys a personal relationship with Obama that he never had with Clinton - and that makes...
...Santoro is hardly an outsider in an industry where press and politics often walk hand in hand. He first started working at RAI in 1982, and when his show went off the air, he served briefly as a European Parliament member, representing Italy's center-left political coalition. But supporters are hoping his efforts will be the first chink in what has been a tightly controlled media market. "It's still early days," says journalist Marco Travaglio, a regular guest on the show. "But we're going to try. If it works, it could set a precedent...
...widened the rift between Chaudhry and the government that has grown since the Chief Justice last year struck down amnesty decrees by Musharraf that protected many senior figures in government - including Zardari himself once out of office - from prosecution on corruption charges. And some saw the Chief Justice's hand in the eleventh-hour stalling of parliamentary debate on the package on Friday by opposition leader Nawaz Sharif, who objected to proposals on the selection of judges. Sharif's opposition, some senior politicians suggest, results from being pressured by Chaudhry, who is allegedly opposed to having his own power...
...Convincing every major economy of the virtues of a bank tax, though, remains the biggest challenge. Canadian Finance Minister Jim Flaherty, for instance, rejected a bank tax out of hand earlier this month, favoring instead a wider implementation of some of the tough rules that left his country's banks relatively unscathed by the crisis. But the publication next month of the International Monetary Fund's recommendations on bank taxes - a report commissioned by the G-20 countries last year - might help coax reluctant nations into considering the measure. "Some countries feel they did their homework," says Arturo De Frias...