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...smart people make bad decisions. Maybe you could shed some light on the financial meltdown. Increasingly, we as human beings create systems that are more complex than we can comprehend. If you're designing an airplane you create redundancies to try to mitigate bad outcomes, but as we saw earlier this year with Air France 447, when certain cascading events line up, they can lead to a disaster that you just can't anticipate. In the realm of the social, we create institutions like global, interconnected markets. By and large when investors are operating with some degree of diversity, when...
...despite the presence of a conservative crowd, the hard-line regime cancelled a major speech at the mausoleum earlier this month during Ramadan by the most prominent of Khomeini's 15 grandchildren, Hassan Khomeini, who also happens to be administrator of the shrine. Hassan, like many of his relatives, including at least three other grandchildren and a daughter of the Imam, has come out in support of the opposition movement. The move was just the latest in a string of developments in the past few weeks that revealed the regime's efforts to maintain control, even at the risk...
...Kadyrov inherited the Chechen presidency in 2007 from his father, who was assassinated three years earlier in 2004. He has been ruling the volatile region in Russia's North Caucasus since, alternately garnering praise for bringing stability to the region and criticism for enshrining new laws banning alcohol production and gambling whilst legalizing polygamy. Tatiana Lokshina, the deputy director of the Moscow office of Human Rights Watch in Russia, told TIME that Chechnya's population is "paralyzed by fear" under Kadyrov's government. She says Kadyrov's administration is using the ongoing battle against separatist insurgents as an excuse...
...Tensions had been building in the weeks leading up to Monday's protest after Camara hinted that he may run in the presidential election set for January 2010, going back on an earlier pledge not to take part in the election. The move infuriated the opposition, which wants to see free, democratic elections held in the country. Many opposition members were arrested in Monday's crackdown, according to Mohammed Jalloh, a Guinea expert at the think tank Crisis Group in Dakar, Senegal...
...most of the country's non-military politicians and trade-union members. Ordinary Guineans, who had once been enthralled by his vociferous television appearances, over the past few weeks started demanding a change of power in several anti-government demonstrations. About 60,000 people gathered at Conakry's airport earlier this month to greet opposition leader Cellou Dalein Diallo, expected to be one of the top candidates in next year's presidential election, when he returned from a trip overseas. (See pictures of the scourge of the Guinea worm...