Word: expectations
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Many market experts expect this earnings season to do little to set the tone for the rest of the year. They assume that companies have been pounded into submission and that this has produced pessimism. In this climate, corporate management teams have decreased their forecasts to levels which they cannot fail to beat or match. It is like fixing a fight or a horse race, but it is legal...
...Expect a two-day slog through dense rainforest, bare-bones style camping and blisters. From Guatemala City, it's a short flight to Flores, where you can organize guides, mules and equipment through a local outfitter (try www.nitun.com). The trail proper starts at the village of Carmelita and the wise will arrive in dry season (November to May), when the rainforest is scorching but mosquito- and mud-free. The journey is utterly exhausting, of course, but your inner Indiana Jones will exult at your first glimpse of El Mirador - thought to be home to around 80,000 at one time...
TIME: How much longer do you expect to keep shuttling to the Middle East? Blair: [Laughing] As long as it takes. People keep saying this to me as if I were going to bunk off at any point. I knew this would be extremely difficult. But I don't give up on these things. I also think the Israeli-Palestinian conflict is of fundamental importance to the whole struggle going on in the Islamic world. That isn't to say that its cause is the [Israeli-Palestinian] conflict, but its resolution would be a major part to solving...
...face of all this, few in Kathmandu expect much from the inquiry into the royal family's murder. Many other questions remain unanswered from Nepal's decade-long civil war. More than 13,000 people died, many of them civilians, at the hands of both rebel and government soldiers. But neither the Maoists nor elements of the old royalist regime have heeded calls to investigate charges of war crimes. "Not a single case has been prosecuted so far," says Manjushree Thapa, author of Forget Kathmandu, an award-winning history of the conflict. "As ever," she says, "we Nepalis...
...attack on their own members and make it appear the work of security forces to turn the public against the government. Thaksin has promised this demonstration will be larger than those pivotal years. Red shirt leaders have said they will marshal at least 300,000 protesters, but few analysts expect they will be able to raise more than a third of that - or, more importantly, succeed in toppling the government. "Thaksin wants to provoke violence so that everyone will say it's the fault of the 'evil military' and that he is the 'champion of democracy,'" says Kraisak Choonhavan...