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...Administration source says that the stress tests have uncovered the fact that risk controls at major financial institutions, even those that haven't failed, were much too loose. But the most surprising result from the stress tests and related discussions may be this: bankers continue to appear oblivious to the nation's insistence that regulations be put in place to keep banks from ever again putting the economy at such risk. "I just don't think they get it," the official says, referring to bankers' unwillingness to take responsibility for past behavior. "Bankers seem to have no understanding how much...
...more balanced system of governance, under which developing countries such as Brazil, China and Russia will have a greater say. The IMF's focus is supposed to shift, too: the G-20 wants it to play a more active role as global economic cop, monitoring policy among the major advanced economies as well as the poorer ones, and blowing a whistle when it sees dangerous behavior. In theory, the IMF should reflect both the changing global economic order and the crisis-induced shift towards greater financial regulation...
...modernizing an armed forces so weak and poorly-equipped that when it tried to put down a jihadist uprising in 2007, it had to hand roll bombs off of vintage Vietnam-era helicopters. In the past, such a weak Lebanese army was in the best interest of all the major regional players - from Iran and Syria to Israel and the U.S. - who used the country as a battlefield to settle their own scores. But there is an emerging consensus on all sides that Lebanon needs its own sovereign security forces to keep the country from being inundated by the Sunni...
...missing? "The Domino's video response," says Blackburn. "That's a crucial component of brand editing." Wikipedia's editors typically strike links to anything that smacks of propaganda, but says Blackshaw, "I'd be surprised if Wikipedia pushes back. A response from a Domino's executive to a major controversy is fair game." McIntyre says a Wiki-reply is "on the list...
...involvement of Pakistan is documented very clearly," says Ajai Sahni, head of the South Asia Terrorism Portal. The only difference in this case is the level of detail. Nikam alleged that LeT chief Zaki Ur Rehman Lakhvi personally oversaw some of the training, along with an as yet unidentified Major General in the Pakistani army. Naming names could put pressure on Pakistan to do more to rein in jihadi activity, but Nikam's rant this morning was a solo show. A spokesman for India's Ministry of External Affairs said he has not yet seen a copy...