Word: stating
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...State of the White House Re "Now What?" by Joe Klein [Feb. 1]: President Obama spent a year working within the system to bring change. Wrong choice. Special interests gutted the reform out of the health care, banking and climate-and-energy bills, showing that congressional Democrats are as susceptible to the influence of money as Republicans. The President now understands. After the Massachusetts election, he went over the heads of the system to ask for help in getting action on banking reform. Now it's us vs. Wall Street in a fight to win over our Representatives. Ray Richardson...
...minerals needed to fuel the country's growth for decades to come. Iran, from whom Beijing now buys a tick over 400,000 barrels a day (about 14% of China's total oil imports), is clearly part of that future. But U.S. Secretary of State Hillary Clinton recently called out Beijing in public to get off the fence and sign on to new, tougher sanctions against Tehran at the U.N. In so doing, she used China's dependence on oil from the Persian Gulf as a reason not to appease the mullahs, but to press them: "China will be under...
...breaking tower was originally called - Dubai was in the midst of an epic boom, fueled by foreign speculators and one luxury development project after another. By the time the tower opened on Jan. 4 with a lavish fireworks display, though, the showmanship had faded. Weeks earlier, Dubai's biggest state-owned development company had declared it was unable to pay its debts. Officially, Dubai owes its creditors $80 billion, though a recent report by regional investment bank EFG-Hermes estimates that the city may be in the hole for as much as $170 billion. After Sheik Khalifa al-Nahyan...
...rulers of Dubai cringe at the bad publicity the emirate city-state has copped since its go-go economy burst in 2008, they have only themselves to blame. After all, it was they who courted the media glare in the first place. Little more than empty desert a generation ago, Dubai had no logical reason to build a Manhattan-style skyline, let alone the world's tallest building. No reason, that is, except the kind of grandiose ambition that turned what was a backwater into one of the world's most dynamic cities...
...country wants to become a regional cultural and media hub. Last year Qatar hosted a version of the Tribeca Film Festival, while private investors put together a $200 million fund to jump-start the local film industry. While there have been some cutbacks on salaries and benefits at state-run news network al-Jazeera, according to disgruntled employees, the operation continues to set the news agenda across the Middle East...