Word: capitale
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The most exciting day of the financial year should have been today because the government releases the results of its multi-month bank "stress test" program which includes thorough vetting of the health of America's 19 largest banks. That part of the drama is over. Someone leaked almost all...
The primary reason that news organizations gave the bank story so much space was that the public knew the tests were a fraud. Warren Buffett said so, along with a number of other financial analysts. Bank balance sheets are so complex that applying one set of measures for all of...
The Russians seem to have a point: Georgia has grown increasingly tense in recent weeks as opponents of Saakashvili's handling of last year's confrontation with Moscow and the deepening economic crisis have taken to the streets, holding mass demonstrations and blocking roads in the capital. And it was...
Georgia's government has called Tuesday's mutiny at a military base near Tbilisi part of a coup attempt orchestrated by Russia, but opponents of beleaguered President Mikheil Saakashvili accuse him of using the incident to crack down on mounting domestic opposition. Soldiers in tanks and armored personnel carriers raced...
Sherzai also got to meet Barack Obama before President Hamid Karzai did. When the then Senator Obama visited Afghanistan last July as part of a congressional delegation, his first stop was the provincial capital of Jalalabad, Sherzai's seat. The visit, arranged by the U.S. State Department, did not appear...