Word: capitale
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Over the short term, this can seem like a positive; we can get away with running a federal deficit that could hit $2 trillion this year only because of the dollar's status as global reserve currency. But borrowing trillions isn't really a ticket to long-run prosperity. In...
The Chinese are not likely to be deterred, because the opportunity to buy energy and minerals this inexpensively may be historic. That's why the China Development Bank and China Petroleum & Oil Corp. last month invested $10 billion in Petrobras, Brazil's state-owned oil company and the prime operator...
3 | Moldova Election Triggers Protests Allegations of vote-rigging in the Communist Party's April 5 parliamentary election victory spurred more than 10,000 people to mass in Chisinau, the capital of Europe's poorest country. Coordinating via Twitter and text messages, protesters stormed government buildings and clashed with police...
Indeed, as China's policymakers were preparing their reform plans, Beijing newspapers detailed the story of a group of kidney disease patients from around the country. Unable to afford the cost of treatment on their own, they banded together to purchase used dialysis machines that they operated themselves in a...
Faced with dwindling options for keeping safe, Western aid workers often retreat to the capital cities of conflict-ridden countries or to their headquarters abroad, leaving behind local staff to run essential services like distributing food or running health posts. "Organizations perceive that their local staff are going to be...