Word: continentally
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...early as this week. Trichet insisted that rate rises will be limited in scope and that the bank won't follow the lead of the U.S. Federal Reserve, which has ratcheted up rates 12 times since June 2004. Trichet's comments calmed financial markets, but they didn't satisfy Continental politicians who accused the bank of jeopardizing Europe's nascent recovery. "I regard this interest rate move as too early," said Jean-Claude Juncker, chairman of the group of euro-zone finance ministers. He disputes one of the bank's key arguments: that the current abnormally high inflation rate...
For brutal honesty on the causes of Africa's woes, it's hard to beat Chinua Achebe's The Trouble with Nigeria. Written during the country's rowdy 1983 election campaign, the book, just 68 pages long, is an outpouring of frustration at Nigeria's problems. You only have to...
When economic growth slows down and powerful unions restrict access to low-skilled jobs, the groups in society most likely to get hurt are the poor and the marginalized. By refusing to recognize religious and ethnic diversity as an integral party of the new French nation, the government has only...
WASHINGTON, D.C.—I have foregone Harvard-Yale weekend to venture here, where over the weekend the African Studies Association (ASA) held its annual meeting, a coming together of many hundreds of scholars under the roof of a palatial Marriott around the corner from the National Zoo.In what...
Van Dyke has always liked to walk on the wild side. Ten years ago, when he started nosing around West Africa, the price of oil was only $20 per bbl. His friends thought he was crazy sinking money into leases with untested, unstable countries. Today, with a barrel of crude...