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...reduces the value of existing dollars. And a government in truly dire fiscal straits - Germany in the 1920s is the most famous example - may print so much currency that it makes the stuff effectively worthless. Our fiscal straits aren't that dire just yet. But chronic deficits during George W. Bush's Administration, even bigger deficits brought on by the financial crisis and President Obama's efforts to stimulate the economy, plus looming shortfalls related to Social Security and Medicare will add up to economy-straining debts a few years from now - barring major changes in fiscal policy...
Part of the problem, too, is the distance with which the U.S. held ASEAN in recent years. While China, India, Australia and other regional economies have been assiduously wooing Southeast Asia by signing free-trade agreements with the bloc, the U.S., particularly under the presidency of George W. Bush, kept ASEAN at arm's length. One reason was Burma's accession to ASEAN in 1997, which put the U.S. in a tough spot. Washington had been tightening sanctions on the Burmese junta because of its dismal human-rights record. By participating in ASEAN confabs, Bush's State Department worried that...
...According to a poll this summer of public opinion in 21 major countries by the Pew Global Attitudes Project, a median of 71% of the population said they have a lot of confidence in Obama to do the right thing in world affairs. Just a year earlier, President George W. Bush had scored just 17% in the same measure. In some parts of Asia, Obama's popularity is particularly high, with 85% of the Japanese public and 81% of the South Korean public expressing confidence in the new American president...
...professed Sept. 11 mastermind Khalid Sheikh Mohammed and four alleged co-conspirators will be tried in a Manhattan federal court makes Bharara the man responsible for bringing an unabashed terrorist to justice. Bharara, who drew plaudits for his investigation into the firings of eight U.S. Attorneys under President George W. Bush, has burnished his reputation by prosecuting organized crime figures and white collar criminals. His newest assignment presents more formidable challenges - not least among them, overcoming the argument that information gleaned from Mohammed was coerced by CIA investigators, who according to documents waterboarded the al-Qaeda operative 183 times...
...Became chief counsel to New York Senator Charles Schumer in 2005 and while in that role helped lead the investigation into the firings of eight U.S. Attorneys under President George W. Bush. Despite working for one of the Senate's most liberal members, the registered Democrat was not considered a strong partisan and won praise for conducting an evenhanded probe...