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...country of 1.3 billion people can spook even close economic partners. In the eyes of some Australians, it is one thing to sell what lies underground to China, but rather another to let Chinese companies own Australian resources themselves. Twice this year, Chinese state-owned enterprises have snapped up major Australian mining stakes. But the biggest deal didn't go through. The state-owned Aluminum Corp. of China, better known as Chinalco, was supposed to take a $19.5 billion stake in Australian-British Rio Tinto, which controls, among other mines, vast iron-ore deposits in Australia. The bid sparked...
Unlike the U.S., Russia doesn't view Iran's nuclear program as a major threat. "The Russians say, 'We can live with a nuclear Iran,'" says Rumer. "They don't want it, but think it's going to happen anyway." Rather than try to halt Iran's nuclear program, Moscow has offered to enrich uranium for Tehran; the mullahs have politely turned that down. Russia is skeptical that sanctions will ever persuade Iran to change tack on its nuclear program - fearing, instead, that they will just embolden Iran's hard-liners. And when all is said and done, Russia...
...equal to or better than all other regions. We have gone from [a stance of] noninterference in our internal affairs to respect for the principle of the responsibility to protect, so that today Africa is intervening in African countries where governments have suppressed the rights of their people. Major changes are happening." (See pictures of the G-8 leaders letting their hair down...
When you took over, you were starting from scratch. We had a country that was really in a state of total collapse. The institutions were no longer functional, all the major productive activity had come to a halt, except for Firestone. [But] the war provided an opportunity for reform. The total collapse of everything is a big challenge. But it does provide an opportunity to change things. That's the kind of tough transition that we're going through right now. Part of it has to do with a change in the culture, moving from dependency to self-reliance, mediocrity...
...Blakk Rasta. "In a dis ya time a black American president a great sign," read the song's lyrics. "Too long dem disrespect blacks and Africans combined." After the speech, Obama, his wife and children took helicopters out to the Cape Coast Castle, which for centuries served as a major Portuguese depot for slaves bound to America and the Caribbean. "I think it was particularly important for Malia and Sasha, who are growing up in such a blessed way, to be reminded that history can take such cruel turns," the president said after the tour...