Word: june
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...When the FOMC emerged from a two-day meeting on June 24, though, it didn't even offer a definite signal on that. "There's clearly a debate going on within the Fed as to what they should do next, and there's no need to make a decision yet," says Marvin Goodfriend, a former chief economist at the Federal Reserve Bank of Richmond who now teaches at Carnegie Mellon's Tepper School of Business. "The Fed is essentially buying time before it commits to whether the disinflation risk is greater or the inflation risk is greater." (See pictures...
...Pressure to do just that increased on June 22, when Somali President Sheikh Sharif Sheikh Ahmed declared a state of emergency and African Union President Jean Ping backed calls for armed intervention, saying the Somali government "has the right to seek support from A.U. members states and the larger international community." (See pictures of the pirates of Somalia...
...there was any doubt as to the character of the state that threatens to emerge in Somalia should Islamist rebels overthrow the embattled government, it was dispelled on June 22, when a militia court sentenced four men accused of stealing three mobile phones and two AK-47s to the amputation of their right hands and left legs. The sentence, whose execution was postponed after the al-Shabaab court decided the hot weather might cause the four men to bleed to death, was condemned as "cruel, inhuman and degrading" by Amnesty International. The incident highlighted both the kind of neighbor Kenya...
...also appeared to refer obliquely to al-Shabaab threats to attack Nairobi, saying, "Kenya has been affected by this obvious terror." Like Ethiopian leaders, however, Odinga stopped short of publicly committing troops. Reports from Somalia's western border with Ethiopia claimed that Ethiopian troops had entered Somalia on June 22, despite a statement from Addis Ababa that it would not enter the country without an international mandate. Ethiopia invaded Somalia in late 2006 to topple a previous Islamist government...
...such as Darfur and the Democratic Republic of Congo as well as a long list of post-conflict zones. Overstretched and under-motivated by lack of success in Darfur and Congo, the world is increasingly looking to a more confident and assertive Africa to solve its own problems. On June 22, Odinga appealed to the "IGAD [Intergovernmental Authority on Development in Eastern Africa], A.U., E.U., U.S.A., the U.N., all to combine forces" but acknowledged that despite similar appeals from the government in Mogadishu, "unfortunately, no country has come forward...