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...Secretary Henry Paulson's proposed $700 billion bailout package, Washington policymakers would be wise to lift their gaze beyond the Beltway and take a look at Sweden. That country has already been in this particular policy hell, during a banking crisis of its own in the early 1990s. "The basic conditions are the same," says Bo Lundgren, Sweden's Finance Minister at the time. "There was the same anxiety and the same need for confidence." He's one of a number of Swedish financial types who have been shuttling in and out of Washington and New York in recent months...
...close 2006 midterm races. But since then, the biggest breakthroughs have come in techniques that do not use embryos at all but instead reprogram adult cells. Do proponents look reckless for putting all their emphasis on embryos, which even some prominent scientists find morally troubling? Or prescient, because the basic knowledge gleaned from embryo research is what may help make it unnecessary someday...
Unlike Samak, Somchai is not one to up the ante, and he has vowed to "bring unity" back to Thailand. The new P.M. also vowed not to interfere in the ongoing court cases against his brother-in-law. Nevertheless, the basic rift between the rural poor, who support Thaksin, and the urban middle class and elite, who despise him, is only growing wider. Furthermore, another case that will reach the constitutional court in the coming months might force the dissolution of Somchai's PPP because of a vote-buying conviction against its former deputy leader. If that happens, Somchai will...
...this war-scarred country has changed over the 19 months that Petraeus has been at the helm of the Multi-National Forces in Iraq. These days, alarm over sectarian bloodletting spiraling out of control has given way to heated politicking, nascent reconstruction efforts and grumblings over the lack of basic services like clean water and reliable electricity. Still, the spike in violence over the past few days - some 70 people have been killed since Saturday - highlights why Petraeus has repeatedly said it's too early for "victory laps in the end zone...
...streets of Baghdad and other cities, there is mounting discontent over the poor delivery of such basic services such as water and electricity. The resentment is fueling growing apathy toward the political process and alienation from the government. Few Iraqis are hopeful that upcoming provincial elections will help improve their lot. Likewise, the change of U.S. command doesn't mean much to some Iraqis. "General Petraeus, General Odierno - what difference does it make to me?" said one Iraqi working near the U.S. military base where the handover ceremony took place. Maybe he, too, was waiting for General Electric...