Word: coupe
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...office. The government is an unwieldy coalition between bitter enemies: the PPP and the Pakistan Muslim League-N, led by former Prime Minister Nawaz Sharif; the two parties traded power three times in eight years before Musharraf put an end to their bickering by overthrowing Sharif in a 1999 coup. Their power-sharing agreement, formed out of a common desire to oust Musharraf, is now riven over how to accomplish that. Musharraf, meanwhile, has been reduced to a largely ceremonial role as President. Says Masood: "The people are disappointed with the leadership and they are losing faith in democracy...
This latest spasm of political instability has spooked investors, sending Thailand's stock market down nearly 20% since late May. The index had already been a lackluster performer, with the country still recovering from the aftermath of the September 2006 military coup that unseated elected Prime Minister Thaksin Shinawatra. A billionaire tycoon who is generally loved by the poor and reviled by the rich, Thaksin was charged with corruption and his party was disbanded. On Wednesday, the first of many cases against Thaksin got underway in Bangkok, just as other courts were busy issuing rulings that dealt body blows...
...Africa is to be truly free, if - decades after throwing off colonial rule - it is now to escape poverty, corruption and autocracy, it needs a second, quiet revolution. The repression and electoral theft in Zimbabwe, the riots and civilian coup in Kenya in January, both suggest that the worst standards of governance persist. On the other hand, the last few years have seen the rise of a new generation of leaders, subdued heroes who have replaced the titans of the past and emphasize self-reliance and good governance: men and women such as Rwanda's Paul Kagame, Liberia's Ellen...
...Istanbul Coup Plotters Arrested In the latest skirmish between Turkey's secular establishment and its Muslim leadership, authorities arrested 21 people--including two retired generals and a newspaper editor--on July 1 for allegedly planning to overthrow the pro-Islamic government. The government accused them of belonging to an ultranationalist group that it says has been collecting weapons for a military coup...
...chancellor of Oxford. They've some way to go. In the decade to August 2006, Oxford's central endowment delivered an annualized return of 6.7%. Over an almost identical period, an appetite for riskier investments helped Harvard's endowment return 16.7%. At Yale, the rate was 17.2%. (In a coup for Cambridge, David Swensen, the former Wall Street exec who has masterminded Yale's returns, now sits on the university's own Investment Board...