Word: mid-august
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...markets are attractive. There are major gas pockets in China stocks, which are trading on mainland bourses at levels reminiscent of the heady days of the dotcom bubble. Hong Kong's stock exchange, where many China companies are listed, is experiencing similar exuberance, having risen more than 40% since mid-August. Soaring markets like these are getting a lot of press. But don't make the mistake of assuming all emerging markets are overvalued just like they were 10 years ago, right before the last bubble popped. That would be like driving using only your rearview mirror...
...Kolkata derby, which most recently took place during this mid-August deluge, is an epic contest older than the Spanish civil war waged between Real Madrid and Barcelona and deeper than the glossy rivalries of the money-spinning English Premier League. India, of course, is not a football power - at home, the sport is dwarfed by cricket, which has captured the country's popular imagination and advertising revenue. Despite a few recent successes, the Indian national side is still a minnow in the pool of world football. It's ranked a woeful 145th overall by FIFA, football's global governing...
...Still, the city's vast working- and lower-middle-class population remains hooked. The average fan attending the match in mid-August would have paid not more than $0.25 for the outing. It ended in a 4-3 Mohun Bagan victory, as mistake followed mistake. When the final whistle blew, a bellow the sound of fighter jets echoed around the stadium...
...democracy protests against Myanmar’s military government have been occurring since mid-August. The protests turned deadly last Wednesday when Burmese police opened fire on monks and other protesters...
...result is that Congress appears as tied in knots as usual. Its approval ratings hovered around 18% in a mid-August Gallup poll, making even Bush's dismal numbers seem positively sparkling. But does Congress deserve such low marks? Democrats and Republicans will spend the fall tangling over Iraq, the farm bill, energy policy and other contested issues. As members of the 110th Congress head back to work after summer vacation, we take a hard look at their record thus...