Word: nationalism
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When the results of the government's financial stress tests were announced last week, Citigroup seemed to have dodged a bullet. The bank, long thought to be in the worst shape among the nation's largest lenders, was said to need just $5.5 billion in capital in order to return to health. No small sum, to be sure. But amazingly, what Citi was required to raise was less than half the $13.7 billion that competitor Wells Fargo was told to come up with. And far less than the nearly $34 billion that regulators said Bank of America needed to bolster...
...past few days, former Vice President Dick Cheney has appeared on CBS's Face the Nation and Fox News to defend the Bush team's harsh interrogation practices. His daughter Liz has done a turn on MSNBC to echo her father. Next week, Cheney is scheduled to give a speech called "Keeping America Safe" at the American Enterprise Institute...
...never know it from staring at the surface. So let's take Cheney's own stated explanation first. The former Veep says he's worried that by dismantling a controversial Bush-era terrorist surveillance program and stepping back from harsh interrogation policies, the Obama Administration is putting the nation at risk. "I think it's fair to argue," said Cheney, "that we're not going to have the same safeguards we've had for the last eight years." (See pictures of former President George W. Bush's trip to the Middle East...
...Cheney obliquely conceded as much on Sunday, when he told CBS's Bob Scheiffer, "I think it's very, very important that we have a clear understanding that what happened here was an honorable approach to defending the nation, that there was nothing devious or deceitful or dishonest or illegal about what was done." That sounds like: O.K., we got a little out of hand. But we meant well. So how 'bout we just...
...Iran's deterrence doctrine is largely authored by the nation's Islamic Revolutionary Guard Corps, a wing of Iran's military charged with the protection of the regime. The doctrine is grounded in Iran's experience and study of four wars: the Iran-Iraq war (1980-88), Hizballah's war against Israel (1982-2000 and 2006), the Gulf War (1991) and the Iraq...