Word: sovereignity
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...Over the past seven years in office, President Chen Shui-bian has pushed an agenda focused on a sovereign Taiwan independent of Beijing, which considers the territory an inseparable part of China. But Chen's latest political gambit, a public referendum next year on the island's bid for membership in the United Nations, has done more than elicit sharp criticism and veiled threats from China. It's also caused frictions with its main military defender, the United States...
...China's dam building isn't limited to its sovereign stretch of the river. In June, the Laotian government gave initial approval for a $1.7 billion dam on the Mekong that will be built by two Chinese power companies. Another Chinese firm is conducting a feasibility study for a Mekong power project in Cambodia, in an area where other foreign companies have been reluctant to invest because of the adverse ecological impact. Several other Mekong tributary dams in Southeast Asia will be financed by China Exim Bank, the nation's largest credit agency, which has invested in power projects with...
Since the issue exploded in 2002 with the scandal in the Archdiocese of Boston, it has been difficult to force the Vatican to respond directly to the innumerable court cases that have arisen, since, according to the U.S. Foreign Sovereign Immunity Act, the Holy See is outside the jurisdiction of U.S. courts. But two recent cases, in Oregon and Kentucky, have cracked open the door for the first time to the possibility that the Vatican could one day be held financially responsible and officials in Rome could be forced to testify. Lawyers are trying to prove in both cases that...
...country's $90 billion in online deposits, according to market tracker SNL Financial. And without a single branch, ING Direct is the 28th largest bank of any kind in the U.S., as ranked by assets (and 24th by deposits), nipping at the heels of regional powerhouses such as Sovereign and KeyCorp. Even heavyweights like Citibank and HSBC are taking notice, rolling out "direct" banks of their own. Kuhlmann welcomes the competition. In fact, he will spell out his formula for them: "We simply asked, 'What does a customer really want...
...Sovereign Bancorp...