Word: fighting
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...optimists, the June data showed just how determined the Chinese government is to implement effective monetary countermeasures to fight the downturn. As Peking University finance professor Michael Pettis says, China is "throwing everything including the kitchen sink'' at the problem. There is no question that as a result of the flood of financing, a lot of Chinese have jobs they otherwise wouldn't. But, as Grant's Interest Rate Observer, an influential Wall Street newsletter, points out in its latest issue, "Massive injections of money and credit ... are always bullish before they are bearish." The newsletter draws worrying parallels between...
...says, waving vaguely towards Gori, Georgia's second largest city, which lies just a few dozen miles to the south down the broad valley below. "They have Georgia and we have South Ossetia and that's how it should be." (Read: "One Year On, Could Russia and Georgia Fight Another...
...spotless, freshly laid concrete streets. A gigantic garage housing dozens of battle tanks, howitzers, armored personnel carriers and troop trucks has been constructed. Around the base, soldiers bearing tattoos sit or stand in long lines, breaking down and cleaning rifles and machine guns. "We are ready every day to fight if we have to. That's why we are here," says 20-year-old Corporal Sergey Ifankin, a member of the artillery...
...what the soldiers might have to fight is hard to pin down. Although claims abound of cross-border grenade and mortar attacks, Bestayev, the Ossetian villager from Dmenisi, said he had not heard or seen any incidents at the base of the foothills that mark the border. The soldiers sitting by their armored personnel carrier make a vague claim they had had mortars fired on them a week ago, but that the shots were uphill and off the mark. A lieutenant who has served six years in the border guards said he had not seen any attacks with...
...themselves up in Jakarta on July 17 this year at the Marriott and Ritz-Carlton hotels, killing themselves, six foreigners and one Indonesian. The bombings, the first deadly attacks in four years, reaffirmed concern that JI was back. The Indonesian government had received high praise from Washington in its fight against terror but with Top, a key strategist and recruiter, still on the run, there were persistent fears that another attack was imminent. (Read "Will the Jakarta Bombings Scare Away Foreigners...