Word: helpe
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...many countries, economic reform can be a good thing. Even draconian changes to paper currency can help governments draw a line between "bad economic policies of the past, often after taming a hyperinflation," says Marcus Noland, an economist at Washington's Peterson Institute of International Economics. However, this being North Korea, one of the most repressive and impoverished nations in the world, that's not the case. The government announced that it would limit the amount an individual can exchange to just 100,000 won - or less than $40 at black-market exchange rates - and any amount above that threshold...
...going to tolerate that, analysts say. "The breakaway, snowballing market is a threat to the regime," says Lim Kang-taeg, senior research fellow at the Korean Institute for National Unification, a government-sponsored think tank in Seoul. "This is a significant blow leveled at the market, and will help the government tighten up control...
...ceremony was meant to celebrate the graduation of 43 medical students from Benadir University, a school founded in 2002 to help replace the hundreds of Somali doctors who have died in or fled Somalia's 18-year-long civil war. Instead, Thursday's ceremony in Mogadishu, capital of the world's most failed state, became another bloody reminder of just how far the country has sunk. Midway through the event, a male suicide bomber disguised as a woman in a long black abaya, veil and shoes, blew himself up, killing three government ministers and 16 other people in a devastating...
...hall. "We denounce in the strongest terms the blast which was carried out by the armed rebels fighting the government," Somali President Sharif Sheik Ahmed Sharif said at a news conference. "We cannot tackle those violent elements alone and we call on the international community to rush to help us fight them." (See pictures: "Somalia's Face of Modern Piracy...
Western powers offered their help after Thursday's blast, though they gave no specifics. The West has been unable to solve the al Shabaab riddle or figure out how to bestow enough power and authority on the Transitional Federal Government so that it can wrest control of the country back from the militants. President Barack Obama mentioned Somalia as one of the next battlegrounds in the fight against al Qaeda in his December 1 speech on Afghanistan. The United States supplied 40 tons of weapons to the TFG in June, but a security expert has told TIME that those guns...