Word: nationalization
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...Afghan National Army is one of the most widely respected institutions in the country, perceived to be free of the corruption and nepotism that plague the central government in Kabul. Yet it would be a mistake to focus on the military to the detriment of developing the civil and governance sectors, even if a robust army suits the U.S.'s immediate goals in Afghanistan. One need only look across the border to Pakistan, where 60 years of weak civilian governance interspersed with frequent military coups have created a nation perpetually in crisis and a haven for global terrorism...
...program not only failed to reverse a rise in foreclosures but also caused many homeowners to crash their credit ratings or throw monthly payments into homes they would ultimately lose anyway. Economists, meanwhile, say government efforts to keep people in homes they can't afford are painfully prolonging the nation's housing crisis - which doesn't help anyone...
Epic congressional investigations of Wall Street have followed the nation's epic financial disasters: the Pujo Committee, starting in 1912, and the Pecora Commission, in 1932. Now, after a year of sometimes enlightening but mostly maddening congressional hearings about the Panic of 2008, a potential modern equivalent is under way--the Financial Crisis Inquiry Commission, created by Congress but populated by a mix of financial experts and smarter-than-average former elected officials. In keeping with the P-heavy historical precedents, it could be known as the Phil Commission, after chairman Phil Angelides--a former California state treasurer who lost...
...paint. The Malaysian high court's decision held that a Catholic newspaper should be allowed to refer to God by the Arabic Allah. Previously, the government had banned the use of the word in non-Muslim publications. The uproar was a sign of the religious rifts challenging the multicultural nation, which has a 9% Christian minority. The court's ruling will not come into force while an appeal is pending...
Petra Bartosiewicz is writing a book on terrorism trials in the U.S.,The Best Terrorists We Could Find, to be published by Nation Books early next year. You can find her daily coverage of the Aafia Siddiqui trial at the Cageprisoners website...