Word: tests
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Dates: during 2000-2009
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...Budget estimates are wrong, so are the "stress test" assumptions for the government's new program to determine which banks are in reasonable shape to make it through the recession and which are not. The test is based on unemployment reaching as high as 10%. If the number is likely to go well beyond that, the premise for evaluating the strength of key pillars of the financial system is deeply flawed before the evaluation process has been finished. The Administration wants to set measurements for whether large American private banks need to raise money. If 10% unemployment is a critical...
When it comes to sticking a finger in the rest of the world's eye, Kim Jong Il is always as good as his word. For days, the U.S. and North Korea's neighbors in east Asia kept insisting that Pyongyang stand down from plans to test an intercontinental rocket. But on Sunday morning, North Korea launched it anyway - as it pledged to - saying the rocket bore nothing more than a communications satellite. With six U.S. cruisers equipped with Aegis anti-missile systems deployed in the region - to watch and gather intelligence, not fire on the rocket, Pentagon officials...
...immediately after the launch asked for an emergency session of the U.N. Security Council to take place on Sunday. Both Tokyo and the South Korean government believe the rocket launch was an explicit violation of a 2006 U.N. resolution that insisted the North "not conduct any further nuclear test or launch of a ballistic missile." But North Korea insists it has the right to place communications satellites into orbit, and the U.S. military on Sunday confirmed that the payload atop the latest rocket was, indeed, a satellite - which failed to leave the Earth's atmosphere, instead plunging into the Pacific...
...diplomacy will go. Diplomatic and intelligence sources in Seoul late last week acknowledged that neither China nor Russia - both permanent members of the Security Council - will agree to further sanctions. "The best [Seoul and Tokyo] can hope for is a statement from the Security Council that condemns the test," says Chol Jinwook, director of North Korean Studies at the Korean Institute for National Unification. (See pictures of the New York Philharmonic's performance in Pyongyang...
...opening gambit to test a new administration in Washington, Pyongyang is being typically audacious. The North Korean government probably noted with interest that in its immediate reaction, the White House insisted that the North "abandon the development of weapons of mass destruction." It said nothing about destroying the small arsenal of nuclear weapons the North already possesses. Analysts in Seoul wondered whether that was deliberate - a signal that Washington not only still wanted to talk, but that it might be flexible about how the North can stand down its weapons program. Because at some point, new talks, despite the launch...