Word: deepening
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...gauge support among its allies for a fresh round of sanctions against Tehran. While the U.S. and U.N. have sanctions in place against the Iranian finance sector as well as travel and trade restrictions, Secretary of State Hillary Clinton said the Obama Administration was investigating how to "broaden and deepen" the measures, while Defense Secretary Robert Gates noted the menu of potential punishments was a "pretty rich list to pick from" - including the suspension of investments in the Iranian oil and gas industries and tighter restrictions on Iranian banks...
...Policymakers have failed to match increased job insecurity with a corresponding expansion of social welfare. It's true that Japan's public debt is approaching 200% of GDP - the highest among developed countries - which limits the government's options. Still, the state must deepen the social safety net to better cover the underserved: young workers and families. This will help reverse the population decline, rebalance growth toward domestic demand and remove the need to mitigate unemployment by propping up inefficient companies and farms. Japanese citizens will have to make sacrifices - they may have to pay more taxes, for example...
...Obama has gotten this far in part because he has put off the thorniest questions of who should pay and how big a role government should have. These, he says, are the issues that deepen "some long-standing ideological divisions in our Congress and, frankly, in our society." They are also the ones that have defeated Presidents who have tried to solve the problem, going all the way back to Teddy Roosevelt. But what looked like shrewd politics early in the process is increasingly being viewed on Capitol Hill as a failure to lead. As a senior Democratic congressional aide...
...That alone would send oil prices soaring. So, too, would speculation by investors who predict a drop in supplies. "Prices will rise, and people will buy futures," says Drollas. "Traders will buy because they are worried about their supplies." All that could send market prices rocketing - and deepen the global recession. It remains to be seen whether the market remains calmed by Obama's reassurances this week that military action against Iran is not on the agenda...
...Italy Berlusconi's Troubles Deepen More allegations of sexual misconduct were hurled at embattled Italian Prime Minister Silvio Berlusconi, whose wife filed for divorce in May, citing his purported relationship with an 18-year-old female. Three women said Berlusconi had paid them to attend his parties; one also alleged that he had sex with a paid escort last November. Berlusconi dismissed their statements, saying that paying for sex would ruin the "pleasure of conquest...