Word: press
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...particular conference calls during the Bear Stearns meltdown in March. (He told the Wall Street Journal he missed one call because the time changed, and he was involved in other calls throughout the weekend.) When he appears alongside Federal Reserve chairman Ben Bernanke and Treasury secretary Hank Paulson at press events he can seem dwarfed in stature, the representative of an agency with its roots not in sweeping monetary policy but in humble consumer protection. Created by Congress in 1934, at the height of the Great Depression, the SEC is charged with making sure that public companies accurately disclose their...
...have to admire Palin's handlers, who have created an image of her as a victim of the media. It allows them to justify Palin's not having a single press conference: she is just protecting herself and her family. How convenient! Janan Weinstein, CRYSTAL LAKE...
...What's Next • The Associated Press reported that South Korean officials are keeping a close watch on Kim's female caregiver Kim Ok who may be signing official documents on the ailing leader's behalf and gaining government influence. • North Korea's military is about 1.1-million strong with military spending accounting for about 25% of the gross domestic product, leaving little left for a population of more than 23 million...
...Israeli press was less charitable. The left-leaning Haaretz daily opined that Israel in its 60 years had never known a worse government than Olmert's. "Its balance sheet comes very close to zero," the editorial stated. Many Israelis blame Olmert for bungling the 2006 war in Lebanon against Hizballah, and his popularity plunged even further when police said they had uncovered evidence to indict Olmert for suspected fraud and bribery. The attorney general has yet to issue the indictment, and Olmert's lawyers say he is innocent. Nevertheless, his long career in politics, from Jerusalem mayor to cabinet minister...
...says he will focus on the country's fragile economy - Japan's budget deficit totals about 170% of GDP, by far the highest among developed economies. Meanwhile, the country's growth is threatened by a global slowdown and slipped into negative territory from April to June 2008. At a press conference on Friday, Aso said that he's proud of the fact that the Japanese economy is relatively sound and that Japan didn't participate in the "money game" that led to the troubles now faced in the U.S. But, he says, that if these economic problems are systemic then...