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...visa ban against Belarus' authoritarian President Alyaksandr Lukashenka and other top officials. That relaxation of the travel restrictions, which were first instituted in 2006 after a rigged presidential election and violent crackdown on protestors, was renewed last week. In another sign of mending relations, the E.U.'s foreign policy chief Javier Solana visited Minsk on Feb. 19 for meetings with top Belarusian officials. E.U. leaders are now pondering inviting Lukashenka to the initiative's formal launch in Prague...
...younger cadres, the so-called rebels who opposed the marriage with Likud, say they won't split the party for now. But they may choose to vote against Netanyahu, and their own party chief, Barak, on key issues. (See pictures of Israeli soldiers in Gaza...
...more harm than good. In the Treasury's corner, Pimco, the largest fixed income management firm in the U.S., endorsed the Administration's plan. "This is perhaps the first win/win/win policy to be put on the table and it should be welcomed enthusiastically," Bill Gross, PIMCO's co-chief investment officer, told Reuters. The market moved up 7% mostly on the strength of the Treasury releasing the new program that some analysts believe could improve bank balance sheets. Over the last five trading days, the increase in stock prices is nearly...
...That shaky performance may or may not have been influenced by the fact that Zappala, the owner of the two private detention centers receiving a guaranteed annual rent ($1.3 million) from Luzerne County, is the son of a former chief of the same court. Or maybe it was what State Chief Justice Ron Castile told a local columnist, in a sad commentary on the entire system: the judges found the state's figures on the unusually high rates of kids being sentenced to detention and getting no legal representation simply too hard to believe...
First, he highlighted a massive new FDIC program to get the banks to sell troubled mortgages. For all the focus on complex securities based on bad loans, the bad loans themselves pose the greatest threat to banks' balance sheets, according to the Treasury department. Bill Gross, chief investment officer of the massive PIMCO bond firm who has been in conference with the government about participating in the plan, estimates the loans pose up to a $1 trillion problem for the banks, and the new program taps FDIC funds to get investors to buy those loans from the banks. Gross told...