Word: sovereign
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...Decision-making within sovereign states like Chile greatly impacts hemispheric affairs. Bachelet has passed on the opportunity to send a positive message to transnational institutions like the Organization of American States, which have explicitly sought democratic goals. Politicians will not find integrity in positive change for their own nations unless they are ready to advocate that change for all others. As President Bachelet writes her legacy, this chapter will be one that sacrifices the dignity of her diplomacy and ironically makes her a challenge to democracy in Latin America...
...optimism, it turned out. CNOOC tried to buy UNOCAL, the American oil company, and learned about how xenophobic Congressional leaders in Washington could be. Then Beijing's sovereign wealth fund got suckered by Wall Street sharpies. It poured $3 billion into Blackstone in return for a 10% stake in the New York-based private equity firm in 2007, just before the bottom fell out of global debt and equity markets. One private equity banker in New York says the investment is today "worth about half of what they paid, if they're lucky." (See pictures of TIME's Wall Street...
...fact, Kennedy leaves out one of the most important events in the recent history of the conflict: the kidnapping, on sovereign Israeli territory, of Israeli soldier Gilad Shalit by Hamas infiltrators in 2006. That unprovoked attack helped trigger the Second Lebanon War. And, to this day, Hamas continues to hold Shalit illegally, denying him visits from the Red Cross and ignoring the principles of the Third Geneva Convention...
...booty, but with payment for their value. James Goold, the attorney representing the Spanish government, finds the change interesting. "From my point of view, Odyssey is admitting what it knew all along but ignored in the case of Spain, which is that it can't claim sovereignty over a sovereign nation's possessions. Maybe they've learned a lesson...
...countries in the cartel have relied on oil to build their own infrastructures and sovereign funds. The money has allowed them to invest in businesses throughout the U.S., E.U., and Japan. Now, when assets in those nations are relatively cheap, OPEC members have lost the capital that they need to take advantage of bargains...