Word: forwardness
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Talk about déjà vu. On July 29, the Shanghai Composite Index fell 5%, setting off panic selling in Hong Kong and dinging even the Dow. But Chinese stocks rebounded 2.7% the next trading day, the steepest rise in two months. Fast forward to Aug. 31. The Shanghai index dropped 6.7% that day, causing panic around Asia and even in distant markets like...
...Ridge stops short of laying blame at the doorstep of his former colleagues, perhaps out of loyalty or perhaps because he would rather look forward. As he said on Sunday, "There is still unfinished business, so let's finish...
...highest-ranking official to put forward this version of events is the European Union's rapporteur on piracy and a former commander of the Estonian armed forces, Admiral Tarmo Kouts. In an interview with TIME, he says only a shipment of missiles could account for Russia's bizarre behavior throughout the monthlong saga. "There is the idea that there were missiles aboard, and one can't explain this situation in any other way," he says. "As a sailor with years of experience, I can tell you that the official versions are not realistic...
...Kouts says an Israeli interception of the cargo is the most likely explanation. But this theory, which some Russian analysts put forward in the days after the Arctic Sea was rescued and which Kouts agreed with in his interview with TIME, has been vehemently denied by Russia's envoy to NATO, Dmitri Rogozin, who says Kouts should stop "running his mouth." (Read "Girding for the Pirates' Revenge...
...Washington's new ambassador to Japan said the U.S. is looking forward to working with the administration in Tokyo...