Word: non
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Rabat, Morocco "Any place in the Arabic-speaking world sends a message of outreach and dialogue," says Hooper. The North African kingdom has been a steady U.S. ally in the war on terrorism, a fact that led then President George W. Bush to designate Morocco a major non-NATO ally. King Mohammed VI is generally pro-West and viewed as a reformer. A speech in Rabat would resonate especially with North African nations like Algeria and Tunisia, where fundamentalism and terrorism are on the rise. But Morocco does not carry much clout in Islamic affairs. If Jakarta...
Second, Geithner said the still-nascent Federal Reserve program launched last week to restart non-bank commercial lending [i.e., by helping investors buy securities backed by auto loans, credit card debt, etc.] would be expanded to provide funding for investors who want to buy certain kinds of mortgage-backed securities. The government's enthusiasm for the starter plan, known as "TALF," has outstripped market enthusiasm, but there is some life in it. The Federal Reserve has put up over a $1 trillion in potential lending already, though only $9 billion in deals have been done so far. Geithner...
...jarring news Friday, when the Congressional Budget Office (CBO) released its preliminary analysis of Obama's plans for the nation. In one of the first non-partisan, independent reviews of his administration's economic vision, the Obama White House pretty much got a failing grade - not because the President's advisers were bad at math, but because the CBO found that the economy is expected to recover so slowly as to make the Obama policy proposals unsustainable. The new "Era of Responsibility," it turned out, runs into big trouble with just a slight long-term decline in economic projections...
...Commentators have already dubbed the IPL the "NRIPL" - Non-Resident Indian Premier League and fans are outraged that the games will be played off shore. "Imagine an 'Indian' Premier League in South Africa," says self-confessed cricket diehard Nikhil Lodaya, a Mumbai-based public relations executive, "It's just too desperate!" Lodaya says he planned to watch the matches on television, so it doesn't matter if the matches are played in Mumbai or London. "But for a sport I love, it's painful to see what has happened." (Read a TIME story on the worst sporting attacks...
...have been avoided. It couldn't. It could have been and should have been lessened. But we should also be clear that the vast majority of the items that were removed were removed long before the war. So the war itself is not the reason the sine qua non of the looting. The looting took place from...