Word: blackly
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Dates: during 2000-2009
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Still, given that more than 3 million jobs have been lost since Obama took office - and in that time his approval ratings have plummeted - Congress feels more must be done. Indeed, the Congressional Black Caucus, upset that Main Street, and especially hard-hit black communities, has received little aid compared with the $700 billion Wall Street bailout, last week held up a crucial vote on financial regulatory reform, an Obama Administration priority. And some 128 House members, including 17 Republicans, have banded together to form the Jobs Now! Caucus, working with the leadership to craft a jobs bill...
...imbalances will continue to persist, say analysts and North Korean defectors in Seoul. The largest and wealthiest of North Korea's traders, including government-owned companies, have long since swapped out of North Korean won and instead hold Chinese renminbi, yen or dollars as a store of value. The black-market value of the won has been decreasing for years, and North Korean inflation has been accelerating. The former head of a large North Korean trading firm who recently defected to Seoul told TIME, "Some kind of move like this was expected for a long time." And, he says...
...Peterson Institute of International Economics. However, this being North Korea, one of the most repressive and impoverished nations in the world, that's not the case. The government announced that it would limit the amount an individual can exchange to just 100,000 won - or less than $40 at black-market exchange rates - and any amount above that threshold would be, in effect, worthless. NGOs in Seoul reported that in response to citizens' immediate and widespread anger, those limits were raised to 150,000 won in cash and 500,000 won in bank notes. (See pictures of the rise...
...second reason for the crackdown - as ever with Pyongyang - is control. The government allowed black markets to proliferate this decade out of desperation, but they had grown to the point where the leadership may have begun to feel threatened. Small traders and black markets existed outside of government control, and by definition at some point the regime was not going to tolerate that, analysts say. "The breakaway, snowballing market is a threat to the regime," says Lim Kang-taeg, senior research fellow at the Korean Institute for National Unification, a government-sponsored think tank in Seoul. "This is a significant...
...fled Somalia's 18-year-long civil war. Instead, Thursday's ceremony in Mogadishu, capital of the world's most failed state, became another bloody reminder of just how far the country has sunk. Midway through the event, a male suicide bomber disguised as a woman in a long black abaya, veil and shoes, blew himself up, killing three government ministers and 16 other people in a devastating blow to the country's weak transitional government...