Word: easternism
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...Indeed, hermitism in the Catholic Church and its eastern branches is not some kind of a primal escape to nature and freedom, but a role defined by canonical law and subject to the discipline and hierarchy of the Church. To become a hermit, one first has to be either a member of a monastic order, or to be consecrated by a bishop. Father Dario had been a Catholic priest living in Florida and making $200 an hour working as a psychologist when God told him to give up his worldly possessions and take on the contemplative life. But the Word...
...German manufacturers are already cutting back production. On Oct. 13, Opel workers in the eastern German town of Eisenach will stay home for three weeks as GM Europe tries to adjust to falling demand for its cars. Opel was one of the first western firms to set up shop in Eisenach after the fall of the wall in 1989. The factory, which employs some 1,800 people, now produces GM's popular Corsa model for export around Europe and beyond. The town (population 40,000) has also become home to suppliers such as component maker Bosch, machine servicing firm Hormann...
...last resort, the IMF. The IMF, say economists, should step up and publish details of a ready-to-use financial-help package for any countries that may be in danger of going the way of Iceland, which was unable to bolster overleveraged banks that failed. Panicked trading Friday in Eastern Europe raised concerns that some emerging economies there could be in trouble. The IMF should set aside many of the more stringent conditions it has imposed on borrowers in the past to encourage countries to draw on its assets...
...implementation, the wealthiest donor nations have defaulted on pledges and must now increase aid by $18 billion a year to meet the original goal. Assistance has been anemic when it was supposed to be titanic. Bad situations will likely worsen with the financial implosion, especially in Latin America and Eastern Europe, where countries depend heavily upon foreign capital. Turbulence will mean compression of capital flows, labor immobility, and restricted access for the exports of developing nations. Droughts, commodity market speculation, and spiked food, oil, and biofuel prices also bring sorrow. While some first-graders will say goodbye to friends when...
Tymoshenko, whose party is far more popular than Yushchenko's, has been campaigning, perhaps with an eye on the 2010 presidential race, in eastern Ukraine - where much of the population inclines more toward Russia than toward the West - and has backed the more Moscow-friendly Party of the Regions headed by Viktor Yanukovych. In last year's parliamentary election, Yanukovych's party polled highest, winning just over one-third of the national vote, but was kept out of power by a renewed coalition between Tymoshenko and Yushchenko...