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...World Bank does its best to offer suggestions to get the world out of this quagmire. That might be the only bright part in this otherwise sobering assessment - the Bank says there is "growing recognition" of the steps that need to be taken. Chief among those is the need to restore confidence in the financial system and the demand for foreign trade. Most stimulus packages are designed to meet these two needs. More difficult to swallow might be the recommendation to up the "quantity and quality" of direct aid to developing countries, an area of the budget many countries...
...well-known market analyst suggests that putting money into the stock markets in China and Brazil will pay off better than keeping capital in U.S. equities. According to Reuters, Mohamed El-Erian, chief executive at Pimco, the world's biggest bond fund manager, said about China and Brazil, "The case for optimism comes from the fact that these countries entered today's global crisis with better initial conditions." (See pictures of the global financial crisis...
...would have had to fund it. Weir said he and his colleagues decided to hold off on the project in the hope that Obama would soon lift federal restrictions. They now intend to seek federal support for the project, he said. Kevin Casey, the University’s chief lobbyist, said that Harvard has long called for such a decision, both individually and in concert with the Coalition for the Advancement of Medical Research, a national bipartisan research advocacy group. And the timing of the announcement may allow Harvard researchers to apply for federal funding to support embryonic stem cell...
Having failed to find any hostages, Qasab and Khan left the same way they had come and met a police vehicle carrying three top officials, including the chief of the state's antiterrorism squad. "One police officer got down from the said vehicle and started firing at us," Qasab says in his statement. "One bullet hit my hand and my AK-47 dropped down. I bent to pick it up when the second bullet hit me on the same hand." But his partner managed to shoot and kill all three of the senior officers. Khan pulled out the bodies...
...similar note, Sir Hugh Orde, Chief Constable of the Police Service of Northern Ireland (PSNI), revealed last week that he had called in reinforcements to help counter the threat posed by dissident republicans. Orde announced the British Army's Special Reconnaissance Regiment (SRR) was supporting the PSNI with surveillance and intelligence-gathering duties. This was heavily criticized by Catholic politicians, some of whom raised the specter of British troops returning to the streets of Northern Ireland. Deputy First Minister Martin McGuinness of Sinn Fein called the SRR deployment "dangerous and stupid...