Word: legalism
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...Thai columnist who writes about foreign affairs. Wirjawan, the head of the Indonesian investment board, jokes that, "If I want to get Americans going, all I have to say is China's interested in a deal and they don't worry about the sanctity of contracts or other legal niceties." The creation of an Asian trade alliance could place American big business at a disadvantage. Though U.S. companies have historically invested far more in ASEAN than China, the pace of investment has slowed in recent years as the U.S. is squeezed by Asian competition. (See pictures of Obama's diplomacy...
...alleged cases of sexual abuse at the élite Jesuit high school in the 1970s and '80s. The charges came as a surprise; Catholics in mainland Europe rarely challenge the priesthood. "The church was always more tightly controlled in Europe," says Gibson. "There's not the same kind of legal and journalistic advocacy as in the U.S." But the Canisius College scandal opened the floodgates; with at least 300 allegations of abuse, it's now estimated that two-thirds of Germany's 27 Roman Catholic dioceses have been affected by the scandal. (See pictures of John...
Among the legal oddities I learned along the way: banks usually require business partners to agree to something called joint and several liability, which may sound nice and fair but in reality means the lender may pursue just one of the partners for the entire debt. I also found out I had to sign a spousal consent only once, no matter how many times the line of credit increased...
...case was settled--the same surreal week the bank was bought by another bank. Now that our debt has been paid and the liens on our house have been lifted, we can focus on making a living as a team, enjoying our family and paying off our looming legal bills. I recently came upon a Benjamin Franklin quote that rings true: "He that goes a-borrowing goes a-sorrowing." Just make sure that if you do borrow, you know what's at stake...
...first it appeared that Holder would carry the day. "I have complete confidence in the American people and our legal traditions and the prosecutors, the tough prosecutors from New York, who specialize in terrorism," Obama said after the announcement. In private he was even more supportive of Holder. When Obama met with Graham in early December, the Senator laid out his case against civilian trials. But the President said he thought Holder had the better side of the argument. "I just agreed to disagree with the President on that issue," Graham told TIME...