Word: centralizes
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...never stopped writing - the Nobel citation lists 43 works in French - and rarely stopped traveling: in addition to France and Africa, he has spent years living in Mexico and Central America. Now 68, he and his wife, who is Moroccan, divide their time among Mauritius, Nice and Albuquerque, N.M. He is modern literature's consummate expatriate: the constant in his work is a sense of displacement and alienation, of humanity from the natural world, of adulthood from the idealized homeland of childhood and of Western civilization from its own emotional and spiritual vitality. "We no longer have the presumptuousness...
...Maternal Deaths Thanks to Vivienne Walt for the thought-provoking article on maternal mortality in Freetown and the whole developing world [Sept. 29]. This issue is a priority for our people, and we will be committed to staying the course until we see results. But governments definitely have a central role, and citizens around the world need to bring this to their attention. Keep up the good work! Rashid Abdulai, Freetown, Sierra Leone...
...Treasury Secretary to devise and present a rescue plan, and a Congress - after an initial case of the vapors - to act on it. But there is no Hank Paulson in Europe, nor a precise counterpart to Federal Reserve Chairman Ben Bernanke. Jean-Claude Trichet heads the European Central Bank, but it cannot play the lender of last resort, as the Fed did on Sept. 16 by loaning $85 billion to prop up the U.S. insurance giant AIG. In Europe, governments must act instead...
...decision to cut interest rates could cheer Asian investors concerned that a deep economic slump in the West will derail Asia's export-driven economies. The quandary facing Asia's policymakers is that credit is tightening and stocks are plunging due to circumstances mostly beyond their control. "Central banks in Asia don't have the ability to fix the problem," said Kirby Daley, senior strategist at financial services firm Newedge Group in Hong Kong...
...eyes are now on the upcoming meeting of G-7 finance ministers and central bank chiefs scheduled for Friday in Washington. On Tuesday, Japan's Prime Minister, Taro Aso, urged industrialized countries to take further measures to shore up credit markets. "The impact would be substantial if the G-7 didn't send a clear message," he said. Meanwhile, as the crisis continues to deepen, Asia's frustration continues to mount. "Masters of the Universe have bitten the dust, the same dust that is now in the mouths of the rest of us," Nirupam Sen, India's permanent representative...