Word: sovereign
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Dates: during 2000-2009
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...demanded explanations as to why the cases had been closed by the Swiss authorities at the request of Pakistan's attorney general at the time. Those cases have now been reopened, but leading attorney Aitzaz Ahsan - who led the lawyers' movement that had Chaudhry reinstated - insists that Zardari enjoys "sovereign immunity" and cannot be tried in Switzerland...
...stories, is about a Sundanese debt collector who moves to Jakarta after his marriage fails, his only consolation the melancholic tones of the story's namesake instrument, his future "tattered and full of holes." It's an equally apt description of Indonesia, which had recently emerged a sovereign but brittle country after centuries of Dutch rule, Japanese occupation and four years of revolution. Reflected in each of Pram's protagonists from the fringe - illiterate wash maids, scabietic houseboys, night watchmen, guttersweeps - are the growing pains of a tentative new nation...
...expected to do so once more; Abu Dhabi's ruling al-Nahyan family, as cautious as the al-Maktoums are daring, knows that it, too, will be dragged back by the demise of Dubai. A glance at the $600 billion-plus balance sheet of Abu Dhabi's sovereign wealth fund puts Dubai's debt crisis in a softer light. And, as far as Dubai's leaders are concerned, the problem is largely limited to egregious overborrowing by one company in one sector: Nakheel, the Dubai World subsidiary behind huge property projects like the Palm and the World, built on injected...
...real estate bust. "I don't see what the big deal is," Willem Buiter, economist at the London School of Economics and Political Science, wrote bluntly. Others see the Dubai crisis as the potential flashpoint for a new stage of the global crisis, a sign that heavily indebted sovereign states might begin having trouble financing their deficits, or that investors will reassess their exposure to risky emerging markets in some kind of financial "contagion." BofA Merrill Lynch strategists postulated in a report that "one cannot rule out - as a tail risk - a case where this would escalate into a major...
...miles of valuable freshwater wetlands, but that's just a tiny slice of the land-loss crisis. The Corps can still make the case that adequate flood walls would have withstood the extra surge created by Mr. Go - and that the inadequacy of the flood walls is covered by sovereign immunity. In other words: Don't blame our lousy navigation project; blame our lousy flood-protection project! (See video of New Orleans's Ninth Ward...