Word: neared
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...anti-regulation ideological bent of the Reagan administration sped this transformation, but the Clinton years were the really interesting ones. In the aftermath of the savings and loan collapse and a banking-industry near-miss there was a flurry of activity aimed at keeping banks healthy, not by shoving them back into their New Deal box but by reasserting their central role in the financial system. Glass-Steagall repeal can best be understood as part of this effort. So was 1994 legislation allowing interstate branching. This was a bipartisan movement: The Gramm-Leach-Bliley legislation passed the Senate...
...fear of damage to New Orleans yet again, sadly seem to have forgotten the many Caribbean islands literally in the path of the storm. This domestic anxiety may, in part, be attributed to the remaining fears about our own disaster relief preparedness. The United States’ near avoidance of disaster with Hurricanes Gustav and Ike has renewed speculation into a lingering question: has the government learned its lesson from Hurricane Katrina? Although New Orleans was largely spared during this bout of severe weather, snafus from both storms indicate that the Federal Emergency Management Agency (FEMA) still has no broad...
...Defense Secretary Robert Gates, who presided over the ceremony in a former Saddam Hussein palace at a military base near Baghdad Airport, lauded Petraeus as "one of our nation's great battle captains." Petraeus, 55, will take over as head of U.S Central Command next month, which will give him responsibility for the U.S. missions in both Iraq and Afghanistan...
...political process and alienation from the government. Few Iraqis are hopeful that upcoming provincial elections will help improve their lot. Likewise, the change of U.S. command doesn't mean much to some Iraqis. "General Petraeus, General Odierno - what difference does it make to me?" said one Iraqi working near the U.S. military base where the handover ceremony took place. Maybe he, too, was waiting for General Electric...
...populations in Europe, have reminded Europeans of a problem many would rather forget. Last spring, local residents angry over crimes they blamed on Roma, burned down Roma camps on the outskirts of both Naples and Rome. Then, in July, a newspaper photographer caught Italian sunbathers relaxing on a beach near the corpses of two teen-aged Roma girls who'd drowned...