Word: exchangee
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The price of oil reported in the news is actually the price of oil in the futures market. In this market, traders do not exchange physical barrels of oil, but instead trade contracts which obligate them to exchange oil at a quoted price at a specific date in the future...
Democratic strategists often make the mistake of assuming that these white, economically downscale voters will automatically make their ballot choices on the basis of class. In fact, many vote on culture. Obama's academic style is much of his problem. For many, Obama reminds them of the Ivy League whiz...
Still, Musharraf's exit is likely to provide the coalition a significant if brief popularity bump. The Karachi Stock Exchange rose 4%, and the rupee rose marginally against the dollar. But with inflation at 25%, alarming levels of capital flight, soaring costs of food and fuel, and rising unemployment, the...
The Interior Ministry has announced that it will crack down on sexual assault. During a recent press conference, President Hamid Karzai said that rapists should face "the country's most severe punishment." Yet on the same day, a man charged with the rape of a 7-year-old boy in...
It was fear of cultural amnesia - particularly of the region's traditional arts and crafts - that underlay the festival's inauguration in Suva, Fiji, in 1972. As "each and every one of our countries aspire to economic prosperity, we are all deeply conscious that the quality of life is what...