Word: globalization
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Dates: during 2000-2009
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...McDonald is not alone. David Hendler of CreditSights recently lowered his rating on Citi's stock to the equivalent of a "hold." Says Hendler: "Our view is that Citi is in the midst of a large scale disassembly of the global franchise, and the ultimate configuration of the company remains murky...
...repeating itself with equally tragic results. Since a new opposition party, the Movement for Democratic Change (MDC), emerged in 1999, Mugabe has again terrorized those who dare to vote against him. In September last year the MDC, led by Morgan Tsvangirai, felt compelled to sign a document called the Global Political Agreement that saw it join Mugabe's government. So far, the deal has been more honored in the breach than the observance by Mugabe. (Read "Can Zimbabwe's Shotgun Marriage Work...
...Tsvangirai: This transitional inclusive government can already record some significant progress, in critical areas like education, health, water and sanitation and food. Inflation has gone from around 500 million percent to 3%. But there are very serious challenges, and there is accumulated frustration at the slow implementation of the Global Political Agreement [the power-sharing deal with Mugabe]. But the challenges are not insurmountable. Zimbabwe is changing. It's on an irreversible path of transition. The reforms we have implemented, democratic and economic, are building the foundations for a prosperous future, for a democratic future. In five years, this will...
...recent years, the dominant image of islam in the minds of many Westerners has been one loaded with violence and shrouded with fear. The figures commanding global attention - be they al-Qaeda's leadership or certain mullahs in Tehran - preach an apocalyptic creed to an uncompromising faithful. This may be the Islam of a radical fringe, but in an era of flag-burnings and suicide bombings, it is the Islam of the moment...
...more harm than good. "What is needed today, more than the West pushing any one form of religion," says Naqvi, "is a propagation of the underlying values of Sufism - love, harmony and beauty." This is not easy, especially in Pakistan, where poverty, corruption and the daily toll of the global war on terrorism simmer together in a volatile brew. Set against this, the transcendental faith of Sufi mystics seems quaint, if not entirely impotent...