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Monday, March 26, 2007

Iran Feels Pinch As Major Banks Curtail Business - U.S. Campaign Urges Firms to Cut Ties

More than 40 major international banks and financial institutions have either cut off or cut back business with the Iranian government or private sector as a result of a quiet campaign launched by the Treasury and State departments last September, according to Treasury and State officials...

Out on the other end of the money pipeline, Hizballah's popularity is showing more cracks than usual, as they haven't been ponying up the dough they promised, and what has been showing up has been pooling at the top in typical Middle Eastern fashion: Lebanese support of Nasrallah wanes

Public support Hizbullah enjoyed during war weakens as residents of southern Lebanon grow embittered over their ruined homes with no compensation in sight. Hizbullah denies claims, but says 'mistakes may have been made by compensation committees'

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