Word: border
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...same is not true south of the border. Under the best-case scenario in the U.S., unsteady financial institutions will need to off-load toxic assets to Washington's "bad bank" in order to start rebuilding balance sheets. Others, like Citigroup and Bank of America, that are teetering on the brink of insolvency will need new capital just to remain on life support. (See 25 people to blame for the financial crisis...
...convinced that you cannot solve the problem of Afghanistan, the Taliban, the spread of extremism in that region, solely through military means," he told an interviewer. But more soldiers are needed, if only to stop the grim litany of bad news from Afghanistan getting worse. With sanctuaries across the border in Pakistan--which the government there seems in no hurry to close down--and with a growing acceptance of the Taliban's strength in Afghanistan, militants have the wind at their back. They welcomed U.S. envoy Richard Holbrooke to Kabul by attacking three government buildings, leaving 26 people dead...
Harvard students who hoped to hop across the pond this summer to work may find themselves staying closer to home due to unresolved visa negotiations between the United States and the United Kingdom. The U.K. Border Agency recently unveiled a new youth mobility scheme that applies to individuals between the ages of 18 and 31 who would like to “experience life in the United Kingdom.” In order to apply for a visa, individuals must have a valid national passport from a country taking part in the youth mobility scheme. But because...
...China stood with Pakistan during its old confrontations with India. Ties between the two countries date back to 1950 after Pakistan joined a small handful of nations in recognizing the communist People's Republic of China. In 1962, war broke out between China and India over the disputed Himalayan border region, further aligning China and Pakistan in the name of a common enmity toward India. Since then, Beijing has often offered its support to Islamabad in the way of economic assistance, but also with no-strings-attached military aid and support to Pakistan's nuclear program. (See pictures of Pakistan...
...recent instability along Pakistan's Western border with Afghanistan, as well as a series of abductions of Chinese nationals, could lead China to look elsewhere for more reliable friends in the region - allies who can at least guarantee some sort of stability for China to pursue its strategic and economic interests. "Pakistan today needs China more than China needs Pakistan - that is why there is more enthusiasm in Pakistan about its relations with China than vice-versa," says Shabbir Cheema, director of the Asia-Pacific Governance and Democracy Initiative...