Word: sovereign
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...most states have laws preventing the use of federal transportation dollars for anything but roads. Yet Congress keeps writing the states blank checks, lavishing the most cash on the ones that do the most driving and paving, actually mandating that federal officials "shall in no way infringe on the sovereign rights of the states to determine which projects shall be federally financed." It's our money, their choices. The result is that Congress does a terrific job of spreading dollars around the country like peanut butter but a lousy job of identifying or promoting national priorities. "There's no performance...
...Crimson Staff now joins many around the world in condemning Israel’s delayed response to seven years of continuous rocket fire from Hamas and Islamic Jihad. Yet, tellingly, this opinion offers no solutions, no alternatives, no suggestions for how a sovereign nation ought to respond when missiles are launched at its citizens. In fact, there were seven years of missiles before Israel’s operation began; 8,250 missiles and mortar rounds had fallen on communities within a 20 kilometer range of Gaza. While some might say that firing 8,250 rockets and mortars at civilians...
...Last April, credit rating agencies recognized this achievement and gave Brazil’s sovereign debt “investment grade” status. But this was a small reward given the shift the country has experienced since 1994. Brazilian government bonds remain too cheap (currently paying over 500 basis points above the 10-Year Treasury). Charging a sky-high political premium to a country that has had a fiscal revolution, and where Daniel Dantas can be arrested through due process of law, seems to be rather exaggerated. The bonds’ inadequate BBB-rating—barely above speculative...
...avoided deforestation began to make their voices heard in international climate talks, thanks to innovative leaders like Papua New Guinea's Kevin Conrad, one of TIME's Heroes of the Environment. That has prompted big rain-forest nations like Indonesia and Brazil, which were initially suspicious of exposing their sovereign forests to an international carbon market, to rethink REDD. Last month, representatives from a handful of Indonesian and Brazilian states signed a memorandum of understanding with several large U.S. states - including California, which has already adopted a carbon cap of its own - to explore avoided deforestation projects. The possibility...
...Amid the ongoing protests, Ma has assured the public that Taiwan remains a sovereign country and that the pacts were made on equal footing. Chinese envoy Chen also acknowledged the dissent, saying that "has heard and seen [the opposition voices]," but believed "the pacts are for the convenience and benefit of the people on both sides." Chen's demeanor has been gracious throughout the trip, despite the hostility, and for good reason, say analysts. "Any overreaction from Beijing would result in Taiwan drifting away," says Professor Lin Chong-pin of the Graduate Institute of International Affairs and Strategic Studies...