Antiquated, costly symbol of Britain’s past Imperial glory slams modern, popular, highly profitable and tasty symbol of America’s global cultural imperialism.*
Next week: stay tuned as object of much ludicrous, lavish medieval pageantry involving lots of ermine, gilt coaches and puffy pants condemns colonial upstart nation’s electronic entertainment industry.
My snark is just SO lacking, by comparison.
Here’s a “Good News” story… Sanctions that Work:
In the recent cases of
These new, targeted financial measures are to traditional sanctions what Super Glue is to Elmer's Glue-All. That is, they really stick. Deputy Treasury Secretary Robert Kimmitt doesn't even like to call them sanctions, preferring the term "law enforcement measures." Explains Stuart Levey, Treasury's undersecretary for terrorism and financial intelligence: "Sanctions are scoffed at. They have a bad history."
Authority for the new sanctions, as with so many other policy weapons, comes from the USA Patriot Act, which in Section 311 authorizes Treasury to designate foreign financial institutions that are of "primary money laundering concern." Once a foreign bank is so designated, it is effectively cut off from the
This explains, in part, why
Oh, and just as an aside…the vehicle that makes those “sanctions with teeth” possible? The
Today’s Pic(s): Can a bridge be beautiful? Well, yes…according to the American
(PS: The photo of the bridge itself is kinda dark, but I wanted to highlight the dramatic sky in the background.)