Word: nine
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...last month to a six-year high of 8.5%. Indonesia's central bank raised its rate for three consecutive months. Governments "have to keep expectations [about inflation] anchored," says Andrew Freris, senior investment strategist for Asia at BNP Paribas Private Banking in Hong Kong. "For the next six to nine months, it's going to be tough. It is going to be tight...
...fastest-tanking real estate market, Puig is bankrupt, with $80 million in debts. His mansion was liquidated for $11.4 million, and his yacht went back to the bank. At Puig's bankruptcy auction, bidders competed for a necklace studded with 226 diamonds, a Sopranos pinball machine, a 1965 Ferrari, nine designer bikes and other bubble baubles. The billiard table went for $25,000. "It's amazing how fast it all came crashing down," says Puig's criminal defense attorney, Joel Hirschhorn...
...Tehran's response has been predictable enough: After Iran tested nine medium-range missiles on Wednesday, the country's state news agency quoted a representative of Iran's supreme leader, Ayatollah Ali Khamenei, saying that if the U.S. or Israel attacked Iran, "Tel Aviv and the U.S. fleet in the Persian Gulf would be the first targets to burst into flames receiving Iran's crushing response." Tehran's message was clear: If Bush wants to play Crazy Cowboy, we're happy to play Mad Mullahs right back...
...what does it matter that Iran test-fired nine missiles Wednesday? "It's mostly relevant because of how it plays out in the campaign," says Suzanne Maloney, an Iran expert at the Brookings Institution. After a week of bad news, campaign restructuring and silly television spots, the missile tests are a boon for John McCain. Wednesday his campaign made hay with them, saying they showed Barack Obama's inexperience and the danger of his willingness to negotiate with Tehran. For his part, Obama tried to spin the tests to his advantage, saying they showed the Administration's policies were failing...
...Iran's nine-missile test shows "our resolve and might against enemies who in recent weeks have threatened Iran with harsh language," Gen. Hossein Salami of the Iranian Revolutionary Guards said in a broadcast over Iranian state television. Iran has threatened to halt the flow of oil through the Strait of Hormuz if the U.S. or Israel attacks its nuclear-development sites. The test firings reportedly included Iran's newest missile, the intermediate range Shahab 3, which can reach Israel, Turkey and U.S. military deployments in the region. "Our hands are always on the trigger and our missiles are ready...