Word: settlements
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...Switzerland, news of the settlement was greeted with relief. "The out-of-court agreement avoids a prolonged legal battle that would have had an uncertain outcome, and the solution found conforms entirely with prevailing Swiss law," the Swiss Banking Association (SBA), a trade organization for Switzerland's financial institutions, said in a statement. "This is of crucial importance because international clients rely very much on the predictability and stability of the Swiss legal system." (See the top 10 scared traders...
...Swiss government, which yesterday put its 332.2 million UBS shares, valued at $5.6 billion, up for sale - a sign, market analysts say, that the government's trust in the bank's ability to raise capital has been restored - also expressed its satisfaction with the settlement. "We have managed to avoid a conflict between the sovereignty of two states," Swiss Justice Minister Eveline Widmer-Schlumpf told the press, while Finance Minister Hans-Rudolf Merz urged the country's banks to respect the law. "It's the least they can do," he said...
...three-day visit is Huckabee's 11th trip to Israel. The Arkansan, who is widely expected to seek the presidency again, in 2012, visited sites heavily weighted toward one side in the Middle East conflict: Israeli homes in predominantly Arab neighborhoods of East Jerusalem and Israeli settlements on the West Bank, including an outpost considered illegal even by the current Israeli government. He explored underground tunnels in the ancient city of King David, which are slowly being excavated from underneath the Palestinian village of Silwan in East Jerusalem; he also visited the place where Jacob dreamed of a ladder leading...
...Obama Administration has been at odds with the government of Israeli Prime Minister Benjamin Netanyahu over settlement activity in East Jerusalem and the West Bank, and Huckabee has used his trip to accuse Obama of zigzagging on pledges he made to Israel during the 2008 campaign. "Our primary concern ought to be whether or not Iran is weaponizing nuclear material, not whether 20 peaceful Jewish families happen to be moving into a neighborhood in their own country," he said...
Huckabee was certainly unwelcome in the eyes of Palestinians. Dimitri Diliani, a newly elected member of the Fatah Revolutionary Council, said the former governor was "stupid" and "un-American." "He is damaging to the official U.S. policy regarding illegal settlement activities in the West Bank, including East Jerusalem," Diliani told TIME. "He represents a petty politician looking for petty support from the American right, whose heydays are far behind us. Settlement activity is criminal in nature. In being the icing on the cake in the eyes of the fanatics in the Israeli settlement movement, he is an example...