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...that many fear it will shrivel and give way to a second, deeper contraction. Britons are downcast, their politicians discredited. In one of the world's oldest democracies, there's little enthusiasm for the national and local elections due in early May. Polls show that neither of the two largest parties - the Labour incumbents or their Conservative challengers - is on course for an overall majority in Parliament. There's little enthusiasm, either, for their respective leaders, Prime Minister Gordon Brown and David Cameron...
...After a recent poll showed Labour and Conservatives running neck and neck, the pound plunged 2% against the dollar in a few hours. Britain clings to a nostalgic sense of its place in the world as a top-tier global economic power. It's still the world's sixth largest economy, but other numbers are not so flattering. Britain's budget deficit - ?178 billion, according to the Treasury - is the largest as a proportion of GDP among G-7 nations. Unemployment stands at 2.46 million, a rate of 7.8%. That's not as bad as some pundits predicted...
...racial tensions suit the politics of the BNP, which controls 12 of 51 local council seats, making it the second largest party after Labour. There are concerns it will grow even stronger after the May 6 council elections. And national BNP leader Nick Griffin is campaigning to unseat Barking's veteran Labour MP, Margaret Hodge. Griffin, once convicted of inciting racial hatred, has pledged to represent "the interests of our people instead of all sorts of others and all sorts of greedy banks who ponce on [freeload off] every council in the country...
Indonesia itself deserves no less. The 17,000-island archipelago boasts the world's biggest Muslim population and is also its third largest democracy, demonstrating that Islam and political freedom are not incompatible. Back when Obama lived in Jakarta, Indonesia was ruled by a dictator and mired in poverty. Today it is a member of the G-20 club of the wealthiest economies. "Foreigners used to think of Indonesia as a place of natural disasters," says Gita Wirjawan, the head of the nation's investment board. "But now they realize that this is a $550 billion economy that...
...America's largest textbook buyers, the Longhorn State has a good deal of sway over what is peddled to schools nationwide. And while Napoléon may have maintained that "history is the version of past events that people have decided to agree upon," getting Texans to come together on the past may prove to be their Waterloo...