Word: nationalism
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...early February, Treasury Secretary Timothy Geithner, as part of his bank fix, said he will "stress-test" the nation's largest financial firms to find out which ones are fit and which ones are flatlining, and then apply the appropriate therapy - which we assume means anything from injecting capital to pulling the plug. By using a medical term, Geithner gave the impression that he had some fiscal electrocardiograph that could be strapped to banks to chart the strength of their accounts. But when it comes to a bank checkup, the actual test is far less scientific. (Read "Geithner's Challenge...
...past 50 years. But if deteriorating conditions force Aso to dissolve the Diet's lower house soon, an exasperated Japanese electorate could hand the DPJ enough seats in a general election to take control of the Diet and choose a new Prime Minister. Aso may not survive as the nation's chief long enough to suffer that humiliation, though. "There's no optimistic short-term scenario for Japan," says Gerald Curtis, professor of political science at Columbia University. Aso "is going to have to quit...
...became a center of diplomacy and trade. Glorious paintings from the early 17th century depict British envoys who traded gold and silver for silk rugs; other prints capture negotiations in which Iranians mingle with Uzbeks and Indians. Like his contemporary Elizabeth I, Shah 'Abbas waged war to defend his nation's territory. But unlike England, MacGregor says, the Shah's Iran "accommodated other faiths," as seen by gospels beautifully illustrated by Armenian Christians who were forcibly resettled in Iran from...
...There are, of course, limits to the effects of this form of diplomacy. The Shah 'Abbas exhibition isn't likely to convince visitors that Iran should have access to nuclear arms. But in chronicling the nation's former glory, it may help explain why many Iranians feel entitled to them. Curator Canby says there's also a bigger point. "I don't think of it in terms of redressing public opinion," she says. "Museum relationships are based on something other than politics...
...Baghdad cannot be touched. But any move by Iraq on international capital markets involves a gamble unlikely to turn out well unless Iraq takes steps to settle the outstanding claims, an issue U.S. officials in Baghdad are stressing when talking to Iraqi policymakers in trying to shore up the nation's finances for 2010 and beyond...