Word: toughers
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What each nation most wants from the other is plain enough. The U.S. would like Russia to endorse and enforce tougher action to combat the nuclear ambitions of Iran and North Korea and to quit bullying democratic neighbors like Ukraine and Georgia. Russia would like the U.S. to recognize that it has its own sphere of influence in the "near abroad" - the territory of the old Soviet Union - and halt NATO's expansion to the east. More generally, Moscow would like some respect. "The Russians want to belong. They want to feel big," says Finland's Foreign Minister, Alexander Stubb...
...Foreign Minister is an unlikely firebrand. In person, he can be reserved to the point of shyness. When we met him at his office on June 24, we asked Lieberman whether Obama needed to take a tougher stand against Iran's crackdown on those protesting the results of the June 12 election. "This is a really fanatic, extremist regime that is still in power, and the young people ... are not getting any real support from the West," he said. "It shows the bad guys are winners." And he reiterated his resistance to any U.S. attempt to stop settlement growth...
...fallout from financial meltdown wasn't enough, there's another stiff challenge facing the world's investment-fund industry. Only this time it's from Brussels. Fresh E.U. proposals would require hedge funds, private equity and a host of other alternative investment funds to meet tougher regulation before they can market to investors in the region. The legislation - tabled for discussion in late April in an effort to shore up investor protection while reducing risk - has attracted growing criticism. London-based AIMA, a global hedge-fund industry group, calls proposed disclosure requirements bureaucratic. Kinetic Partners, a consultancy...
...healing the wounds of the past week will be much tougher. Li Qingcheng, a 43-year-old Han bus driver, suffered injuries to his head, back and hands when a mob of Uighur men attacked his bus during the riot on July 5. He said the men smashed the bus windows and then went after passengers. "This society has gone crazy," he said from his bed at Xinjiang People's Hospital. "This was a good society, and then they did something like this...
Larry Summers, now the top economic adviser in the Obama White House, was a proponent of such taxes in the 1980s and early 1990s. There's no hint of them in the Administration's 88-page white paper on financial regulation. There is talk of higher capital requirements, tougher consumer-protection standards and new rules for derivatives. But taken as a whole, the document sketches a regulatory approach that still relies heavily on judgment and smarts. Maybe it's time for some dumbing down...