Word: war
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...today," says First Eagle's Jean-Marie Eveillard, one of the few managers to produce positive returns when stocks plunged earlier this decade. "The landscape is different, and the recovery, when it comes, probably won't be along the lines of what we have seen in the post--World War II period...
...past few decades, the easiest call in economics was to predict a V-shaped recession--one that bottoms and rebounds quickly. It's basically all we've had. Only two of the 11 recessions since the end of World War II have lasted more than a year, and nearly all wound up with a boomlet. Consumers stocked up. Companies upgraded their computers. We piled into real estate. And predicting a V may be the right call again. With the government spending billions on economic stimulus--trillions, if you include the bank fix--a quick pullout is entirely possible. In that...
...World War II, Germans trekked west to surrender to Americans rather than to Russians, believing they would be treated humanely. Instead of torturing them, we offered them the Marshall Plan, a shining moment in U.S. history. I hate to see the honor of those valiant Americans squandered in CIA torture chambers. Mike Burch, NASHVILLE...
Designed to handle crimes committed in times of war or rebellion, military commissions stretch far back into American history. General George Washington convened a precursor to a military commission - a board of inquiry - in 1780 to try a British major accused of conspiring with Benedict Arnold during the Revolutionary War. The board recommended to Washington that Major John Andre be executed, and he was promptly hanged. Military commissions' first documented use came during the Mexican-American War in 1847, when the U.S. Army occupied large areas of Mexico that lacked a working court system. Since then they've been used...
...that call for a jury) and the right to an appeal is not guaranteed. Unlike courts martial, which are mainly concerned with violations of the Uniform Code of Military Justice by U.S. servicemembers, modern military commissions are generally intended to try foreign combatants accused of violating the laws of war. As it is with many war powers, the Constitution is vague about the scope of military commissions; legal wrangling over the extent of the commissions' authority goes back more than a century. In 1866, the Supreme Court said a military commission could not try an Indiana lawyer accused of agitating...