Word: brokering
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While the Damascus declaration is laced with good intentions, Western diplomats said that it is unlikely to fare much better than any of the other attempts to broker peace in Lebanon. Several Christian Lebanese leaders, who were not invited to attend the Damascus meeting, have already attacked the plan. "Lebanon's future cannot be determined by Muslims alone," warned al Amal, a Christian newspaper in East Beirut...
...succumbed to a heart attack only 34 days into his papacy, Wojtyla was so oblivious to his impending fate that he spent the first day of the new papal conclave nonchalantly browsing through a quarterly review of Marxist theory. When the two leading Italian candidates, a Vatican power broker and an ultraconservative, deadlocked, the Cardinals began looking over the Alps for the first time since 1522. Elected on the eighth ballot, Wojtyla modestly chose to be called John Paul...
...Over tea at Bombay's Taj Mahal Hotel, a broker waxed rhapsodic to me about a new Swiss-based hedge fund that he's hawking to foreigners. "The upside potential is huge, the downside risk is minimal," he said, explaining cryptically: "There's a strategy which will be key to our success." Foreign investors are now so gung-ho about India that this kind of giddy pitch might just work. Indeed, a director at a Bombay brokerage says he's been startled by his recent encounters with foreign investment firms. Their attitude, he says, is: "'Let's just get invested...
...analyst at CDM Pekao in Warsaw. "Right now the valuations are coming back to more reasonable levels." Although the region's markets are expected to gain about 5% or 10% over the next three to six months, most analysts advise caution over the longer term. Says Bohumil Pavlica, a broker with Prague-based BH Securities: "We have had four, almost five years of [more or less] uninterrupted growth, and now the sobering up will come." - By Jan Stojaspal A Short Haul Germany's Lufthansa confirmed it was in talks with Swiss International Air Lines about taking over the struggling carrier...
...fighting now under way does not, however, involve the M.I.L.F., by far the largest rebel group in the south. Its spokesman, Eid Kabalu, said it wouldn't even affect the protracted peace negotiations with Manila. In fact, the M.I.L.F. last week offered to help broker a cease-fire on Jolo. Arroyo's government didn't respond to that weird offer?one group of armed rebels offering to help the government with another?so redolent of the troubled south. For the time being, restoring peace is in military hands...