Word: hawkishly
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...into Israel's own idea of what their mini-state ought to look like. The suggestion may have prompted Yasser Arafat to tell the media that Barak could "go to hell," but the Israeli leader's reconciliation efforts right now are directed not at the Palestinians, but at the hawkish Likud party leader, Ariel Sharon. In order to stave off political collapse, Barak wants Sharon alongside him in a national unity government when Israel's parliament reconvenes next Sunday. And by scrapping the peace process, Barak appears to have met Sharon's price...
...Gore has outlined a robust foreign policy driven as much by morality as strategic self-interest. "Our national interest should be defined in terms of our values," he says. Gore and his running mate, Joseph Lieberman, have long been among the country's most hawkish Democrats. Both defied their party to support the Gulf War, and both lobbied Clinton for swifter intervention to stop ethnic cleansing in Bosnia and Kosovo. Gore's doctrine of "forward engagement" extends beyond problems that bend to military action. He identifies social maladies around the world, from AIDS in Africa to poor prenatal care...
...Arafat was meeting CIA director George Tenet to discuss ways of ending the violence. By day?s end, Palestinian cities throughout the West Bank and Gaza were under siege by Israeli helicopters and tanks, the Prime Minister Ehud Barak was moving to establish a "national emergency" government with his hawkish Likud opposition. And Israeli and Palestinian spokesman were in agreement on one thing - the peace process was dead. Of course they typically hastened to add that it could be revived, but directed all blame for its demise at the opposing side...
...other reason than because the leaders on both sides have staked their entire political fortunes on it. Then again, it's been the final phase of the peace process that has left both leaders teetering badly, with the momentum in Israeli politics swinging solidly behind the hawkish opposition, while Arafat's diminished authority in the face of challenges by Islamic militants and his own rank-and-file has never been more obvious. Neither man can easily afford to be seen to be making concessions...
...prices, which can act like a tax and dampen consumer spending, continue to do the Fed's soft-landing work for it? Or will they smother the boom? Will corporate earnings pick up? Will the euro ever recover? As the Fed chairman made clear with those ever-so-slightly-hawkish comments about energy prices, Uncle Alan may be on the sidelines - but he's watching. And he'll see us in December...