Word: formalizes
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...Administration. The PA, in the person of prime minister Mahmoud Abbas and his security chief, Mohammed Dahlan, has negotiated on the one hand with the U.S. and Israel, and on the other hand with Hamas, Islamic Jihad, Fatah and the smaller political-military organizations of the Palestinian Left. The formal agreements may be between Israel and Abbas, but Abbas has little independent political authority and has, instead, operated as an intermediary between the Israelis and Americans on the one hand, and on the other hand those Palestinians to whom they refuse to speak directly - PA president Yasser Arafat, Fatah militia...
...present decision goes way beyond Bakke, despite its formal equivalence,” said Professor of Education Emeritus Nathan Glazer...
Brand awareness remains crucial in the money-transfer market, where transactions are up in part because of increased migration but also because more of the cash sent by the workers of the world is starting to travel through formal channels. Even gargantuan Western Union gets only a 12% slice of the total remittance market because so many people still send money by mailing a check or getting someone to hand-deliver the money. Every month in Los Angeles, German, 33, sends $100 to his sister in Nicaragua via Western Union or, whenever possible, by a courier who charges a couple...
Pakistan has taken a different approach to encourage the use of formal banking channels. The government set up an incentive program that gives overseas Pakistanis who send home more than $10,000 a year higher duty-free allowances and access to VIP airport-customs counters. The program also establishes remittance-based admissions quotas at the country's public universities. Official remittances to Pakistan, which has some 1,300 Western Union outlets, are expected to reach $4 billion this year, nearly triple the amount logged three years...
...both sides, as has the calm with which longtime enemies have greeted each other. Relaxed trade embargoes and the lifting of visa restrictions for Greek Cypriots in Turkey soon followed, raising hopes that a political settlement was at least thinkable before the Greek part of the island is formally admitted to the European Union next May. And for Serdar, there may be a payoff. His political party, which shares power with his father's National Unity Party, is facing a hard fight in parliamentary elections this December. Analysts were predicting an easy win for the opposition, thus ending the Denktash...