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...just a tragedy but the single most depressing act of violence in recent times. It is, of course, a great sadness for her family and also a source of desperation for her country: if she had succeeded in elections there would have been some hope of restoring a form of democracy in Pakistan. We are now faced with turmoil in an already troubled and volatile part of the world, and since the West depends so much on Pakistan's support in the campaign against terrorism, I fear we will be subjected to a sustained campaign of violence. Gabrielle Spray, COLCHESTER...
...taking the punch bowl away just when the party is getting good." Current Fed chief Ben Bernanke wishes that description still applied. With stock markets reeling worldwide and recession looming in the U.S., the world's largest economy, Bernanke's Fed is frantically ladling out punch in the form of interest-rate cuts - even though almost everyone already has a brutal hangover...
...work, the Chinese government isn't about to let the invisible hand shape its air travel industry. By green-lighting CNAC's $1.9 billion hostile bid, Beijing actually steered the proceedings toward what it really wants: by consolidating China's fledgling and fragmented airline industry, regulators aim to form a Chinese "supercarrier" capable of competing on international routes against the world's largest airlines. An alliance between Air China and China Eastern - the government is majority owner of both - is a first step toward this ambition. The two airlines ranked as the 13th and 14th largest in the world...
...Iraqi parliament has passed a law to change the country's flag, by altering the way "Allahu Akbar" (God Is Great) is emblazoned across the middle of the banner. The words will remain, but in a different calligraphic form. That may not seem like a big change, but for many Iraqis it makes a world of difference...
...will not be able to change Serbian politics dramatically or immediately. Kostunica and his moderate nationalism are likely to hold sway even if he and Tadic decide to call it quits. Kostunica's parliamentary bloc, while numerically small, is an essential ally to any larger party seeking to form a ruling coalition. Meanwhile, parliamentary elections are not scheduled until January 2011. "The government would probably survive, at least for a while, even with Nikolic as President", Svilanovic explains. "But Serbia's road towards the E.U. membership would certainly become much more complicated at best...