Word: crackdown
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...immediate cause of the crackdown was a recent spate of reports that the government planned to unload some of its holdings in Krung Thai and Siam City banks, which caused their share prices to plummet?and prompted Thirachai to pointedly deny the reports and announce the new restrictions at a hastily convened press conference. That incident was just the latest example of regulators trying to control an unruly market. With a total capitalization of only $121 billion?far less than half of Microsoft's current market cap of $295 billion?the Stock Exchange of Thailand (SET) is dominated by small...
DECLARED. STATE OF EMERGENCY, in the Maldives; after a violent police crackdown on thousands of demonstrators on Friday; in the capital, Mal?. The administration of President Maumoon Abdul Gayoom imposed a curfew following the incident, which was sparked by demands for the release of five political detainees. Gayoom, who has ruled these islands off the Indian coast for 26 years, is accused by human-rights groups of condoning political repression and torture...
Deng, recognized as the Chinese Communist leader who ordered a military crackdown on the 1989 Tiananmen Square protests, is credited for opening the Chinese economy to the world. His land reforms facilitated economic development, allowing farmers to lease their land and sell their harvest in markets...
...illegally making, transporting or selling guns can face the death penalty. But several high-profile shootings?including a June 16 gun battle between police and suspected kidnappers in Taichung City that left two cops dead, and the March 19 assassination attempt on President Chen Shui-bian?have prompted a crackdown on illegal firearms. Over the past several months, more than 90 people suspected of illegal possession have been detained and more than 100 weapons seized. Lawmakers also plan to boost penalties for homemade firearms. (Police say Chen may have been wounded with a homemade pistol...
CHIC ON THE CHEAP Counterfeit purses and other luxury items can be big business. But at last a crackdown is beginning...