Word: localized
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...acting could end up costing Western capitals more than helping out. That's because Western banks have huge exposure to emerging European economies, either directly or through local subsidiaries. Austrian banks alone have a more than $293 billion exposure to Eastern Europe, roughly 80% of the Austrian GDP. When, on February 17, rating agency Moody's warned that it might downgrade a number of western European banks with exposure to the region, the euro plunged to a three month low of $1.26 against the dollar. "Given the combination of banking and trade links between Eastern and Western Europe that have...
...many as 200 boys and girls are enrolled in Makdah's fighting camp - a tin hangar with an asphalt parade ground, where they learn the basics of hand-to-hand combat, firearms and Palestinian national ideology. "We teach what they don't learn at United Nations schools," says one local Palestinian official. On one recent day, some 50 schoolboy cadets gathered in Makdah's office after attending a demonstration against Israeli attacks on Gaza. He offered them a lesson they are unlikely to forget. "In the past, Jews used to kill us, and no one defended us," he explained. "Today...
...Hillel was non-existent, but that she did become more involved once she returned. Poliak agreed, noting that he now has monthly reunions with friends from the trip.SHOW ME THE SHEKELSBecause Taglit-Birthright is funded in large part by individual philanthropists, as well as the Israeli government and many local Jewish communities, many of the organization’s supporters were worried that the current downward economy would affect the program’s existence.A spokesperson for Taglit Birthright explained that while the economy has impacted the program’s funding, the organization is taking precautions to ensure...
...turnaround in Anbar, said Kelly, wasn't the 30,000-strong U.S. surge, which sent relatively few reinforcements to Anbar. Instead, the local population - mostly Sunnis who had largely supported the insurgents - grew so fed up with the brutality of the al-Qaeda element that it rose up against the insurgency. Tribal sheiks who had once fought against U.S. forces began to work with the Marines in a tacit "the enemy of my enemy is my friend" alliance. "If the objective is zero violence in the nation of Iraq, it's impossible," Kelly said. "But if the objective...
Moskalenko, however, is not ready to give up on Russian justice, in spite of her uphill battles to make sure local courts actually deliver it. (The government, at one point, unsuccessfully tried to disbar her, and Moskalenko believes that she too may be targeted by enemies.) "The current system is such that the prosecution has a big advantage over the defense," she says. Among Moskalenko's clients are the children of Anna Politkovskaya, a journalist who reported on human-rights abuses and was slain in October 2006. Moskalenko does not see the acquittal last week of Politkovskaya's alleged contract...