Word: clouted
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...have publicly whipped men and women for adultery. Aceh's ulemas are pushing for even stricter punishments, such as amputating the hands of thieves. Irwandi publicly opposes such ideas, which he knows offend the Western donor countries upon which his province's frail economy partly depends. But the clout of Aceh's ulemas cannot be ignored either, and it is unclear yet whether he has the courage or inclination to stand up to them...
...anti-immigrant movements are flourishing in places like Belgium, Britain, Germany and Italy. Last month, a group of ultranationalist M.E.P.s finally gathered enough members to create a formal caucus, giving them more political clout and making them eligible for E.U. funding. So immigration poses a two-part challenge for Europe: how to bring in the people it needs and how to do so without feeding the hysteria...
...terms of Sunday attendance, has made him a natural leader to robust and conservative Anglican bodies throughout Africa, Latin America and Asia (known as the Global South). Long seen as Western Anglicanism's missionary stepchild, the South has eclipsed it in energy and size, and yearns for corresponding clout. One obstacle is money: funds from liberal Western churches support both the communion and many dioceses, perpetuating what southerners see as a kind of neocolonialism. Akinola announced in 2004 that he would reject money from churches he disagreed with, becoming the unfettered champion of the Global South majority...
...bulk of the $1.43 trillion that Chicago-based Hedge Fund Research says hedge funds had under management at the end of the year. That's still puny compared with the $20 trillion in mutual funds worldwide. But because most hedgies trade avidly, usually with borrowed money that amplifies their clout, it is they who set the prices in many global markets. In a significant sense, they are the market, which means their days of beating the market must...
...consequences are magnified when the bets get too risky or too wrong. The textbook case of this was the 1998 fall of heavily leveraged Long-Term Capital Management (LTCM), which briefly threatened to take the global financial system down with it. Nowadays, no single fund commands as much clout as LTCM did then, and the banks that loaned to it presumably learned something from the debacle. But the fund industry as a whole is much, much bigger...