Word: likelies
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Dates: during 2000-2009
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...says Cheong Seong-chang, senior fellow at the Sejong Institute, a think tank in Seoul. Since 2000, the bigger traders in North Korea have come to live a life "almost as lavish as South Koreans," says Cheong. "They have big refrigerators, color televisions, DVD players." In a socialist utopia like North Korea, such economic divides are unacceptable; the currency change would reduce inequality by making a broad swath of the North Korean population poorer. (See pictures of North Korea's rubber-stamp elections...
...renminbi, yen or dollars as a store of value. The black-market value of the won has been decreasing for years, and North Korean inflation has been accelerating. The former head of a large North Korean trading firm who recently defected to Seoul told TIME, "Some kind of move like this was expected for a long time." And, he says, it won't have any impact on bigger companies and traders. Instead, the move punishes a broad swath of people in North Korea who have been able to amass a small amount of savings by engaging in black-market trading...
...left on the first day. He and his wife had been on the run from late 2007 until this April when they came to Menik Farm. They had two children along the way, the younger one born two months ago inside the camp. "I feel like I have been reborn," Dharmeswaran says. He is visibly relieved, but his freedom is not total. Those who leave the camps will have to return within the time period they indicated before going, and they must give details of where they are staying to camp administrators. Dharmeshwaran went to Vavuniya to find a temporary...
...fate of those in the camps will also be a key issue in next January's presidential election. Having ended what once seemed like an endless war, Rajapaksa would appear to be unbeatable. But Sri Lanka's numerous opposition parties have come up with a consensus candidate whose stature as a war hero is unquestioned: retired General Sarath Fonseka, the army commander who defeated the Tigers. Fonseka has softened his once die-hard Sinhala nationalism and criticised the government for holding civilians in camps, calling for rapid and complete resettlement. "We did not win the war to lose the hearts...
Granted, Latin America is on Obama's back burner as he tackles Afghanistan. But next year he plans to tackle immigration reform - an issue, like drug trafficking and free trade, that's heavily related to how well the U.S. helps Latin America build more equitble democratic institutions (the region has the world's worst gap between rich and poor). Yet as he ends his first year in office, Obama seems to have ceded Latin America strategy to right-wing Cold Warriors whose thinking - including the idea that coups are still an acceptable means of regime change - is no more equipped...