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...criticize the details of the U.S. response to the collapse of credit markets, but in comparison to Tokyo, Washington has acted at warp speed. As Japan watcher Richard Katz points out in the latest Foreign Affairs, it took the Bank of Japan nine years to bring the interest rate that banks pay on overnight money to 0%; the U.S. Fed managed that in 16 months following the beginning of the credit crisis in the summer of 2007. Japan - in desperate denial about the plight of proud companies - long delayed using public money to recapitalize banks. The U.S. starting doing...
...want to start a fire / in your heart tonight / Oh tell me why do I so yearn to cause trouble,” Mirah sang over a saucy gypsy beat on her 2001 sophomore album “Advisory Committee.” On the her latest effort, “(a)spera,” there’s little trouble to be found. Mirah warbles and moans as sweetly as ever, but some of the spunk seems to have been lost in the four years since her last solo effort. She’s made the metamorphosis from...
...decision is just the latest religious controversy to make headlines in Indonesia in recent months. About 90% of the sprawling archipelago is Muslim - the world's largest Islamic population - but significant Hindu, Christian and animist communities live in places like Bali, Sulawesi and Papua. Despite the country's constitutional commitment to freedom of faith, religious minorities have complained in recent years of a creeping Islamization that they believe has strained Indonesia's social fabric...
...very ominous turn of events," said Farzana Shaikh, a Pakistan expert at London's Royal Institute of International Affairs. "These are not actions that one normally associates with an elected government that has flaunted its democratic credentials." While she rules out a coup, Shaikh believes that Zardari's latest maneuvering will "create great consternation in the senior ranks of the army." General Ashfaq Kayani made a surprise visit to Prime Minister Yousuf Raza Gilani on Wednesday to discuss the turmoil. "I suspect what might happen is an attempt by the military to orchestrate events in a way to curb...
Today's massacre is the latest in a series of school shootings in Germany in the recent past. In 2002, 19-year-old Robert Steinh?user killed 12 teachers, a school secretary, two students and a policeman in a shooting spree that began in his one-time high school, Gutenberg Gymnasium, in Erfurt. In 2006, an 18-year-old burst into his former school in Emsdetten in Western Germany, shooting and wounding at least 11 children before committing suicide...