Word: plan
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...working in Greenberg's favor again. The reported recklessness and greed of his successors at AIG have overshadowed any wrongdoing he is alleged to have committed. Since AIG's collapse last September, sources tell TIME, Greenberg has worked with the Federal Reserve and Treasury Department on a plan to rebuild the company. And today, the 84-year-old tycoon is scheduled to appear as the star witness at a House Oversight Committee hearing on AIG's fall and its economic repercussions. A committee aide called him "an investigative asset" who can further understanding of what happened to the corporate colossus...
...jockeying around these amendments in the Senate - which are nonbinding, like the overall budget plan - speaks to how intense the energy-reform maneuvering is already. The fact that the amendments - several more of which are in the pipeline - are coming through the Senate shows the impatience of members of the upper chamber, since the Senate will most likely wait for the House to act rather than draft its own bill. And there remain many holes to be filled in the House bill. The Waxman-Markey bill, for instance, doesn't tackle nuclear power, a key issue for Republicans...
...Washington, at least, the vague outlines of an Obama-sponsored peace plan are starting to take shape. The Israeli press say that U.S. envoy Mitchell will propose a new formula to Netanyahu: an Israeli withdrawal to the 1967 borders, excepting the large Jewish settlements around Jerusalem; having Jerusalem as the capital of both Israel and a future Palestine; the adoption of a special status for the Old City, holy to Christians, Jews and Muslims; the return of refugees to a Palestinian state, with Israel accepting some responsibility for their plight; and the presence of a multinational force in the Palestinian...
...Netanyahu may viscerally oppose this plan. Even if he does not, selling it to his right-wing coalition partners may prove impossible. They refuse to divide Jerusalem and want to plow ahead with more Jewish settlements in the West Bank. As part of a coalition dealmaker, Netanyahu pledged to allow the construction of a new settlement of 3,500 dwellings outside Jerusalem that would surround the city's Arab neighborhoods. And his choice for Foreign Minister, Avigdor Lieberman, who has pronounced anti-Arab views and is under criminal investigation for allegedly taking bribes, has left the Americans and the Europeans...
...other European leaders will also attend. But amid talk of a growing rift between continental Europeans on one side and the Anglo-American accord on the other, it seems that only an April Fool would believe there's any chance for tomorrow's meeting to produce a concrete plan to tackle the world's economic woes...