Word: asia
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Dates: during 2000-2009
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...even if the summit yields trans-Atlantic agreement on tougher regulations, Lannoo says the new determination to substitute sobriety for greed may be a harder line to sell to emerging nations. "Lots of countries in Africa, Asia, Middle East, and South America are going to say, 'these are reactions to your problems created by your systems - why should we listen to anything you say now?'," Lannoo says. "The challenge isn't just finding ways to prevent future excess, but also to convince nations like China and India to agree to turn off the music and quiet down when they...
...This sudden vulnerability of emerging markets will be a key issue at the World Economic Forum on Europe and Central Asia, which begins on Oct. 30 in Istanbul. While Turkey has reason to blame its worsening economic outlook on the rest of the world, some of its woes are self-inflicted. The government of Recep Tayyip Erdogan and his Justice and Development Party (AKP) set about transforming the economy after its election in 2002. Spurred on by the International Monetary Fund (IMF), which provided financial support during the 2001 crisis, the government pushed through strict budgets, monetary discipline...
...opportunity presented itself in an unlikely form when, in Oct. 2005, about a month before Wyclef’s scheduled performance, a 7.6 magnitude earthquake ravaged Pakistan and killed over 80,000 people. International consciousness turned to South Asia, and a group of Harvard students founded the Earthquake Relief Coalition to raise funds for victims...
...troops have gone on the offensive, using aerial attacks and ground troops supported by tanks and artillery in one of the fiercest battles inside Pakistan since 9/11. Pakistan's army bosses say they have killed more than 1,200 militants, including foreign fighters from the Middle East and Central Asia. The militants, who are armed with Kalashnikovs, sniper rifles and rocket-propelled grenades, and who have built sophisticated defenses from which to fight, have destroyed at least one Pakistani tank and killed dozens. Pakistani soldiers. Local tribesmen, who have long resented the presence of foreign militants in the region, have...
Take the Red-Eye. June C.*, a recently retired flight attendant, has seen her fair share of turned-on travelers. She remembers one couple on an overnight flight to Asia who managed to commandeer three seats for themselves. The man had propped himself up against the window with his partner on his lap and a blanket pulled over them. "At first I thought they were sleeping," June says, "but their bodies were moving very discreetly up and down." Rather than interrupt, June went immediately back to the galley and announced the coach-class quickie to the other flight attendants...