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...awakening from these Beijing dreams was as rude as it gets. As of April 15, the Shanghai Composite Index has slumped 46% from its Oct. 16 peak. The global credit crunch, the staggering U.S. economy, and China's efforts to tame inflation and cool unsustainably fast economic growth teamed up to quash investor enthusiasm for China stocks, Olympics or no Olympics. But might there still be a lingering chance that the Games will give China's economy a shot of adrenaline and lift stocks later this year? Many investors have heard of the "January effect." Is there an "Olympics effect...
...start with the pet concerns of Sarkozy's star advisers. Sen, a development economist at Harvard, has long argued that health is a big part of living standards--and in 1990 he helped create the United Nations' Human Development Index, which combines health and education data with per capita GDP to give a more complete view of the wealth of nations (the U.S. currently comes in 12th, while on per capita GDP alone, it ranks second). Stiglitz, a Columbia professor and former World Bank chief economist, advocates a "green net national product" that takes into account the depletion of natural...
Global Food Price Index...
...first pushed from power in 2001. Corruption is fueling that growth: for example, the insurgency is funded by the cultivation of poppy and the smuggling of heroin, which many police and officials ignore. Last year Transparency International ranked Afghanistan 172 out of 180 countries surveyed for its Corruption Perceptions Index. "Corruption is the tree," says Parliamentarian Hossein Balkhi. "Terrorism, destabilization, smuggling and poppy are its branches; if you cut down corruption, the rest will...
...Transparency International ranked Afghanistan 172nd out of the 179 countries surveyed last year on its corruption-perceptions Index. Hardly surprising, then, that despite thousands more troops on the ground and billions of dollars in aid, the Taliban insurgency has only grown stronger. Ordinary Afghan people are fed up with a government that has squandered their faith and hope by pillaging whatever small treasures remain after 27 years at war. Yet they also resent the international forces that put that government in power but look away when it doesn't fulfill its duties. And the distance between the people...