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...MarketWatch pointed out that the spreads on credit-default swaps for U.S. government debt jumped to 97 basis points Tuesday, nearly seven times higher than a year ago and 60% higher than at the end of last year, to a level roughly in line with those of France, according to data supplied by Markit. Those swaps are gambles that America will renege on its financial obligations. Being on par with France is even more humiliating than if we were compared to Cameroon which had a GDP of only $44 billion last year, less than Bernie Madoff took from his clients...
Fahmy's jewelry catches the spirit of Arab traditions. The pieces in what she calls her culture line, the heart of her work since she began designing nearly 40 years ago, are inspired by everything from the hammered silver of peasant wedding jewelry and the repetitive patterns of Islamic architecture to symbols of Arab folklore such as wolf fangs and chili peppers. Trademark touches include blending gold and silver together for an effect that echoes the inlaid brassware found in Middle Eastern bazaars, and echoing the calligraphy used for Koranic verses and Arabic poetry. "Everything I see around...
...mean, it was only 85 cents not so long ago,” he said...
...easy to criticize EU expansion and argue that it should be stopped before any more damage is done. However, strong economies like Slovenia, a former Yugoslav state that is now a regional powerhouse, demonstrate the benefits that EU membership can bring, even to countries that were struggling 20 years ago. In addition to cementing the central role of democratic institutions and the market economy, EU enlargement helps other countries in the union, which reap the benefits of free trade and an expanded market...
Three years ago, on a desperately cold day in the Himalayan winter of 2006, Tashi and his two friends reached Lhasa after a long trek from their nomadic settlement in Tibet's Ambdo province. From there, they telephoned their families to tell them they were going across the border, to Dharamsala in India, to see the Dalai Lama and get an education. The families were worried - in addition to the risk of being caught fleeing Tibet, the boys faced an even more arduous, monthlong trek through innumerable snow-covered passes. Each was barely out of his teens and had paid...