Word: pacts
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...Greece - outraging the non-Greek producers who make three quarters of the world's feta. Danish firms vowed to fight the decision, but Italians may also want to point out that the word feta is originally from Latin, not Greek. BOTTOM LINES "I know very well that the Stability Pact is stupid." Romano Prodi, European Commission President, admitting that E.U. deficit limits are too rigid "Of all the places to be marooned by a strike I guess this is the best." Emma Marsh, tourist in Venice, after her flight home was canceled when unions launched Italy's second general strike...
...twin dangers of a nuclear-armed North Korea and missile proliferation that prompted the 1994 deal between the Clinton administration, North Korea, South Korea and Japan. Under the terms of that pact, North Korea would abandon its nuclear weapons program, shutting down its Soviet-era nuclear power plants in exchange for extensive food and energy aid and the construction, by Japan, of two light-water nuclear reactors less conducive to manufacturing nuclear weapons. That was that treaty about which Bush was so skeptical early in 2001, and the same treaty has now been openly abrogated by the North Koreans...
...Charles Prince, the new head of Citi's subsidiary Salomon Smith Barney, marked the beginning of what is shaping up as a far-reaching peace treaty. Spitzer, who used a $100 million settlement with Merrill Lynch to reform stock research on Wall Street, wants a similar and more expensive pact with Citigroup to address systemic abuses in the way lucrative initial public offerings (IPOs) of stock have been showered on CEOs who sent investment-banking business to Citi. Spitzer is still digging for dirt, so any deal may be several weeks away. But the whole episode signaled a thaw...
...Charles Prince, the new head of Citi's subsidiary Salomon Smith Barney, marked the beginning of what is shaping up as a far-reaching peace treaty. Spitzer, who used a $100 million settlement with Merrill Lynch to reform stock research on Wall Street, wants a similar and more expensive pact with Citigroup to address systemic abuses in the way lucrative initial public offerings (IPOs) of stock have been showered on ceos who sent investment-banking business to Citi. Spitzer is still digging for dirt, so any deal may be several weeks away. But playing to fat cats at the expense...
...colonists," Lula told TIME. "Latin America has to quit treating the U.S. as an empire." In the interview, the PT candidate made it clear that, if he's elected, George W. Bush may have to wait beyond the current 2005 deadline to achieve a hemisphere-wide free-trade pact - especially since, as he notes, Bush preaches free trade to Brazil yet still maintains high tariffs against Brazil's most competitive products, steel and frozen orange juice. Which means the only choice Washington seems to have in Brazil is to be as patient as Lula has been...