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Implications of the world's top news January 2004
January 10 - 15
Analysis: More arrests in Parmalat case
Italian Finance Ministry police raided the Milan branch of the Bank of America Friday in connection with its ongoing investigation of the collapse of the dairy giant Parmalat. The bank was one of the ailing company's financial consultants, and at the same time the whistle blower that led to the discovery of $10 billion missing from Parmalat's accounts.
Saddam Hussein: Is a POW
Saddam Hussein has been a prisoner of war since his capture last month, Pentagon lawyers have determined. Despite that determination, according to Secretary of State Colin Powell, he knows of no formal declaration that the deposed Iraqi dictator is a POW. That decision, Powell said, will be up to the Defense Department. Whether Saddam is a prisoner of war could be key to how he is treated in captivity and eventually put on trial.
Broadway shows slim down for national tour
Broadway musicals with non-union casts tour the nation in slimmed-down productions that capture the spirit of the original show but rarely boast as seasoned casts or orchestras as large as those used for New York productions.
Immigration change costs ignored
The massive cost of President Bush's proposed changes to the nation's immigration system is an important aspect of the debate over recognizing illegal workers that has been largely ignored in the debate over the proposal this week.
Analysis: South Korea left out of FTA race
South Korea's last-minute efforts to join a global free trade network suffered a major setback this week as the country's parliament again failed to ratify its first free trade agreement with Chile in the wake of farmers' protests. Analysts warned that South Korea would be left as an "international orphan" and its export-dependent economy would be seriously damaged if it fails to jump on the free trade agreement bandwagon.
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