Word: jakarta
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...have come from Atlanta, Geneva, Jakarta and Vienna. Our backgrounds are as diverse as our interests. We have taken classes in Acadian, Afro-American art history, archaeology and astrophysics. Some of us are on the fast track to success, others on the low road to glory. A few of us aren't in the driver's seat at all, but even we will get there somehow...
Suharto himself had reservations about Habibie's ability to rule on his own. On Tuesday, the President summoned a group of Islamic leaders to discuss the mounting protests. According to participant Nurcholish Madjid, a political observer from the University of Indonesia in Jakarta, when they told Suharto he could not hold on and should step down, he asked, "Can you guarantee that if Vice President Habibie becomes the President, the troubles will end?" The men in the room remained silent, says Nurcholish. "None of us wanted Habibie to be President...
...theory," based on the notion that cutting interest rates, then doubling them, then slashing them again will reduce inflation. His inexperience petrifies investors. "Even if you zero out the political risk, economically you still have a mess here," says Matthew Pecot, head of research with GK Goh Securities in Jakarta. "Give it two weeks or so, and I think the students will be back out there protesting against Habibie...
...Jakarta looked toward the long process ahead of physical and political healing, there was tense uncertainty about Habibie and how long he would hold the power that had so serendipitously devolved upon him. But deeper down, many Indonesians had a sense that a great shift was taking place in their country. "Everything is moving, the way water moves," said Ade Nasution, a businessman who turned up at the Parliament last week to support the students. "I don't think anything can stop it." Despite Habibie's accession, Suharto's departure leaves a political vacuum. Indonesians are left to wonder...
...Pentagon are skeptical that Suharto is ready to step down. Said a Pentagon official: "My sense is that Suharto will not go willingly. I think he'll put up a fight, and it could get very bloody." Most Indonesians were terrified by the sight of mobs running amok in Jakarta last week, and terrified because there was no immediate solution in sight...