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"Finance Law and legislation Persian Gulf States."
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The transformation of Islamic law in global financial markets
\"The role of global capital in relation to human social systems has assumed enormous proportions in liberalised, deregulated markets. States attempt to nationalise it, financial centres spring up in its wake, and INGOs attempt to deal with its de-territorialising, supranational characteristics. A global adjudication system (arbitration) has been introduced to safeguard and buttress its flow. The power of Islamic capital has generated numerous sites of legal contestation and negotiation, ranging from gateway financial centres, international law firms and transnational financial institutions, all of which interact in the production of Islamic financial law (IFL). The process of producing IFL illustrates complex fields of action driven by power dynamics, neoliberal paradigms and the institutional momentum of the global economy. The municipal legal systems under study in this book (the United Kingdom, Bahrain, United Arab Emirates and the Dubai International Financial Centre) illustrate globalisation's acceleration of legal, economic and social production\"-- Provided by publisher.
Book
AFTER THE WAR: War Budget; House, Voting $15 Billion for War, Warns Allies to Pay Their Part
The resolution was proposed by Representative Jim Chapman, Democrat of Texas, who complained about \"allied pledges that the checks are in the mail.\" Other countries have pledged $54.5 billion in contributions to help pay for the war, but only $16.9 billion of it has been paid so far. Neither his proposal nor the debate offered any suggestions about what Congress might do if other countries did not meet the demand to achieve \"substantial compliance or an agreed upon payment schedule no later than April 15.\" The opponents generally insisted that they were supporters of Israel. But they said the $3 billion Israel now gets annually was enough. Representative Tim Valentine, Democrat of North Carolina, who offered the amendment, said more aid for Israel was inappropriate \"when we are struggling under the weight of a recession.\" The aid to Israel was adopted under a provision of last year's budget act, under which \"emergency\" needs were exempt from the spending limits set at that time. Representative Robert H. Michel of Illinois, the House Republican leader, voted for the aid to Israel, but warned against using the concept too loosely. \"Let's not let the word 'emergency' fall victim to semantic inflation,\" he said.
Newspaper Article
Washington Memo; A Reverie: Unity on Domestic Problems
Those problems are not being addressed, said Robert D. Reischauer, director of the Congressional Budget Office and Congress's chief economist, in part because \"it's just not clear what the solutions are, even if we could afford them.\" Representative Leon E. Panetta, the California Democrat who heads the Budget Committee, said that if the \"emergency\" language \"becomes boilerplate for every appropriation,\" the budget deal would quickly unravel. But he said he did not expect that to happen. \"If we promise too much or ask for too much and fail, people will hold it against us,\" said the aide, who spoke on the condition that he not be identified. \"But if people expect little and we accomplish something, it will be very much to our advantage.\"
Newspaper Article
AFTER THE WAR; Cheney Wants No Limit On Arms for Gulf Allies
Representative Howard L. Berman, a California Democrat, voiced one complaint, saying: \"Israel is being crushed under the burden of the massive amount of weaponry it needs to deal with the weaponry that we and our allies and the Soviets have been sending to others of our quote 'friends' in the Middle East. This is the same old cycle.\" \"The policy we're pursuing now,\" Mr. [Dick Cheney] said, \"is one in which we want to minimize the U.S. military presence on the ground in the region. It's probably easier to do if we help out friends like the Saudis and the gulf states to have sufficient capability to be able to defend themselves long enough for us to be able to get back.\" 'Pretty Severe Scare' Using the Persian Gulf crisis to bolster his argument, Mr. Cheney said: \"I don't think there's any question but that there are legitimate security threats to Saudi Arabia. They've just been through a pretty severe scare.\"
Newspaper Article
AFTER THE WAR; Congress Withholds $55 Million in Aid to Jordan
The compromise included some non-gulf war measures. It dropped, for example, a Senate-passed measure that would increase dairy price supports. Senator Patrick J. Leahy, Democrat of Vermont and chairman of the Agriculture committee, said, \"It's too bad these dairy farmers don't live in some foreign country. We could probably do something for them.\" The bills provide $1 billion for the F-14, built by Grumman on Long Island and Maryland's Eastern Shore. Senator Alfonse M. D'Amato, Republican of New York, said: \"This is a huge victory for New York, Long Island and Grumman. It will save 4,000 jobs directly and thousands of others in related positions.\" Senator John W. Warner, Republican of Virginia, which is threatened with base closings, said: \"This will set a precedent. People will say, 'Why didn't you take this precaution in your state?' \"
Newspaper Article