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...moving as aggressively - yet. The Bank of Japan will terminate its purchases of corporate debt this December. The Bank of England is cutting back on a program to buy government bonds and commercial paper with newly created money. The European Central Bank is mulling an end to its 12-month loans to banks next year. "Not all our liquidity measures will be needed to the same extent as in the past," says ECB president Jean-Claude Trichet...
...Cardinal Joseph Bernardin's argument that abortion is not the only issue in the "seamless garment of life" that Catholics are called to promote. But the current debate, which is expected to surface again when the United States Conference of Catholic Bishops (USCCB) holds its general meeting later this month, is the bitterest yet. A minority faction of bishops had hoped Pope Benedict XVI would lead the way in punishing those who dissent from church teaching. His preference for avoiding the political fray has both frustrated them and emboldened them to act on their...
With the NSC and Jones unable to come to a judgment, the matter was taken up to Biden, who held at least two meetings with Panetta and Blair over the past several months. Biden's office, the CIA and the DNI have all refused to comment on these meetings, but officials familiar with the deliberations say that last month the Vice President came down on Panetta's side. (See six ways...
...open-ended talks at the Americans' behest, he has begun to say no to the U.S. pressure to return to the table, mindful of how much trouble he often finds himself in at home when following Washington's advice. His popularity has been in steep decline over the past month, after he initially bowed to U.S. pressure to shelve U.N. discussion of the Goldstone report into alleged war crimes in Gaza at the behest of the Administration - he later reversed himself following a firestorm of criticism from within Fatah and the wider Palestinian public...
...years' imprisonment for a conflict of interest conviction - a verdict he disputes - the exiled billionaire tycoon maintained some friends in high places. One of those mates is Hun Sen, the quixotic Cambodian Prime Minister. The current Thai government is fiercely allergic to Thaksin - and Hun Sen's move last month to offer refuge to the controversial former leader drew strenuous criticism from Bangkok, both from government and local press circles. (Read a TIME interview with Thaksin...