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...tumble politics of his homeland. Just days ago, the 45-year-old economist headed to New York City to hobnob with world leaders at the U.N. General Assembly. In his inaugural speech to the international body on Sept. 26, Abhisit is expected to reference everything from sustainable development and foreign-investment incentives to the wisdom of Alfred Lord Tennyson. No doubt he will be warmly received. (Read "Can Prime Minister Abhisit Mend Thailand...
...Prime Minister, it falls to Abhisit to try to bridge the country's political gulf and restore confidence in Thailand's wobbly democracy. Just by projecting a clean image, the PM may be able to woo more of the foreign investment Thailand needs to continue its economic recovery and to placate northeastern farmers who pine for the days of Thaksin's populist microfinancing initiatives. But first Abhisit will have to control the fractious six-party coalition that propelled him to power in the first place. A seemingly minor scuffle over who should be the next national police chief has riven...
...navigate the minefield ahead by holding only bonds that come due soon, which are less sensitive to changes in interest rates (but also have a lower yield than longer-dated bonds). He may ask FPA New Income's board for permission to increase the fund's limit on foreign bond holdings from its current 10%. And he has positive things to say about the inflation-indexed bonds that Treasury has issued since 1997, although he doesn't think they're a particularly good deal...
...anyone trying to get off the beaten track in Yemen these days may find a bit too much adventure. About two-thirds of the country is out of government control and in the hands of either separatist groups or local tribes, some of which have a habit of kidnapping foreign tourists to use as bargaining chips in disputes with the central government. Such hostages were rarely harmed until this June, when nine foreigners were kidnapped - including two German women and a South Korean woman whose mutilated bodies were later discovered by shepherds. After the attack, the government effectively stopped granting...
That accommodation has begun to fray as al-Qaeda has stepped up its targeting of foreign interests in Yemen, most notably through a foiled attempt to storm the U.S. embassy in September 2008. Early this year, the head of al-Qaeda in Yemen, Naser al-Wahishi, announced the merger between his organization and al-Qaeda's Saudi branch to form al-Qaeda in the Arabian Peninsula, a move that caused the U.S. director of national intelligence to note that Yemen was "re-emerging as a jihadist battleground and potential regional base of operations for al-Qaeda." With a base...