Word: reckonings
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...Seto Wing-hong, a leading microbiologist and a member of the Hong Kong government's Influenza Research and Response Group, is cautiously optimistic about the world's ability to reckon with this new disease. "There is every chance that it will spread," he says. "But these things have long incubation periods, and we, like never before, have the luxury of time and high-speed technology to track strains of viruses again and again and to fine-tune our actions in response." Seto believes a usable vaccine can be made and distributed by September or October...
...ransom amounts, according to Regester, who estimates that coverage for a single voyage through the Gulf of Aden costs about $20,000. With shipping companies hard-hit by the global downturn, some opt simply to take their chances running the gauntlet of pirates, rather than pay insurance premiums. "I reckon less than 10% of vessels are insured now," says Regester. "K&R policies are considered a luxury." Whether or not they are covered, many companies pay ransoms, calculating that it is cheaper than losing the vessel and its entire cargo. (Read a brief history of pirates...
...that in order to be a "model partner," in Obama's words, it must also implement democratic reforms and address the murkier aspects of its history. On Tuesday, a nationalist Turkish leader said he wouldn't "tolerate the U.S. President's lack of courtesy" in calling on Turkey to reckon with its past, resolve its dispute with neighbor Armenia and reopen their shared border. But for now, "this is the best foreign policy opportunity Turkey has had in years," says Rusen Cakir, a Turkish expert in Islamic affairs...
...Although Obama's praise for Turkey was plentiful, there was some tough love too. Using the example of the U.S. and its struggle in dealing with the legacy of slavery, he urged Turks to "reckon with their past" in dealing with the killings of hundreds of thousands of Armenians by Ottoman Turkish forces in 1915. During last year's presidential campaign, Obama had said he would officially recognize the deaths as genocide. But in Ankara, he steered clear of the term - which Turkey rejects - and instead voiced support for Turkey's efforts to normalize relations with Armenia...
...Geithner's failure to reckon quickly with the existence of large retention bonuses for AIG employees in the Financial Products division is perplexing. On Jan. 27, Bloomberg News reported that AIG has offered "about $450 million in retention pay" to the AIG FP staff, a program that AIG confirmed. Representative Elijah Cummings, a Maryland Democrat, knew about the bonuses two weeks earlier, on Jan. 15, when he met with Liddy, and the Congressman never kept his displeasure secret. Nor was he alone in raising alarms. In January, Richard Shelby, the ranking Republican on the Senate Banking Committee, called the bonuses...