Word: internationale
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There's little disagreement that by picking up the banks' half-a-trillion-dollar repair bill, taxpayers got a rotten deal in the financial meltdown. How to make sure they're not forced to pay a second time is unclear. A levy on financial-market transactions, stretched beyond foreign-currency...
The President did not appear pleased hours later when he was asked about the decision on an international stage, in a ceremonial room at the Kantei, the office of Japanese Prime Minister Yukio Hatoyama. Obama's initial reaction was to say that Attorney General Eric Holder would be explaining the...
When the economic crisis hit China late last year, by contrast, almost half of the emergency spending Beijing approved - $585 billion spread over two years - was directed at projects that accelerated China's massive infrastructure build-out. "That money went into the real economy very quickly," says economist Albert Keidel...
That's what happens when you're the world's biggest creditor: you get to drop hints like that, which would be enough by themselves to create international economic havoc if they were ever leaked. (Every time any official in Beijing muses publicly about seeking an alternative to the U.S...
It is also unclear whether the sex-worker circuit would even be legal. Prostitution is a civil offense in Mexico City, and recent efforts to legalize it have gotten snared in legislative gridlock. Torres argues, however, that the rules are ambiguous and that international labor laws recognize sex work as...