Word: excepting
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...fail in Iraq. It is to say that success will demand painstaking effort. The President has excelled at grand themes, but he seems to believe that the detail work necessary to give themes substance can be delegated or finessed. His domestic agenda is a joke. There is no program - except for the never-ending quest for unwarranted (and unwanted, if the polls are right) tax cuts and a quietly corrosive effort to undermine existing government rules and regulations. Bush faces rebellion by members of his own party in Congress who are dismayed by the superficial nature of his Administration. "When...
...PROSDOCIMI Except for the Japanese, no one takes paper more seriously than the Italians. The shop has an outstanding selection of writing paper, pens and notebooks. Piazza Pedrocchi...
...does not end happily. Indeed, few of Rhodes' tales have conventionally happy endings. For example, in one of Timoleon Vieta's romantic detours, we read of the deaf and diligent daughter Aurora, who falls hard for a local hoodlum, to the horror of her whole family. All, that is, except for the canny grandmother, who tells Aurora she is doomed to act out one of the oldest stories in the book; the one where the bad boy makes good, the couple settles into domestic bliss and she forgets her dream of becoming a doctor. Aurora promptly dumps him with...
...debt burden behind it Iraq will need to raise billions of dollars in capital just to rebuild. Most of that money is supposed to come from oil revenues. However, the legal framework of the UN sanctions regime is still in place and it forbids the sale of Iraqi oil except through the oil-for-food program. This program is set to expire in early June and unless it is extended by a vote in the Security Council it will be illegal for Iraq to sell its oil on international markets. Once again France, Russia are playing the role of obstructionists...
...society that does not require a massive capital infusion. There are three ways that Iraq can finance its redevelopment; international aid, new debt and oil. The U.S. has earmarked only $2.4 billion over the next six months for Iraq and most other nations are still holding out on aid, except for the most critical humanitarian needs, until they see how the U.S. will administer Iraq. So far, 18 other nations have pledged a paltry total of $675 million. New debt is an option for the future, but given Iraq's track record creditors will want to see a predictable revenue...