Word: capitale
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For governments, that's real cause for concern. It might not show up in the national accounts, but trust is vital for an economy to work. When we stash wages or savings with banks, we trust they'll be safe and accessible when we need them. When we squirrel money...
Restoring it is now vital. Part of that responsibility lies with the lenders themselves. "Banks need to know their business," said John McFall, chairman of Britain's Treasury Select Committee, during a recent debate on trust and financial markets organized by the Fabian Society, a left-leaning London think tank...
The U.S., U.K., and a number of the large countries that make up the E.U. began to form political and military and alliances after WWII and these expanded as the Soviet Union dissolved. Through the current financial crisis there has been very little coordinated economic policy among these same counties...
Meanwhile, on the streets of the Afghan capital Kabul and the Pakistani frontier city of Peshawar, cheap, mass-produced DVDs feature footage of coalition atrocities: mud-brick Afghan villages leveled by allied attacks and ordinary citizens allegedly killed by coalition fire. Also popular: a montage from the anti-Soviet jihad...
The Taliban also know how to take advantage of Western media outlets. For instance, on Aug. 18, the Taliban ambushed a French patrol about 30 miles from the Afghan capital, an attack that left 10 soldiers dead. Several weeks later, militants involved in the attack appeared in a glossy, eight...