Word: nov
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Citing a desire to bolster development, China pledged $10 billion in low-interest loans and other economic benefits to African nations. In Sharm el-Sheikh to announce the plan on Nov. 8, Premier Wen Jiabao dismissed suggestions that the initiative is merely an attempt to broaden China's business interests on the continent. The package--coming on the heels of a $5 billion pledge in 2006--includes clean-energy projects, debt cancellations and tariff exemptions...
...devastating rainstorm spawned El Salvador's worst natural disaster in more than a decade, as heavy flooding and punishing mudslides killed at least 160 people in the capital, San Salvador, and the province of San Vicente. The deluge on Nov. 7 and 8 damaged or destroyed at least 2,000 homes--many nestled into hillsides that later gave way--and left much of the country without power or clean water. The low-pressure system also wiped out broad swaths of crops, leaving 10,000 people in need of food aid. Officials fear that the death toll will climb as rescuers...
...Nov. 9, Iran's top prosecutor announced espionage charges against three American hikers who were arrested in July for illegally crossing the border from Iraq. Shane Bauer, Joshua Fattal and Sarah Shourd, who say they strayed into the country unwittingly, have spent more than 100 days in Tehran's Evin prison and have twice met with Swiss diplomats tasked with negotiating their release. The charges, which carry the death penalty, come amid stalled talks with the U.S. over Iran's controversial nuclear program, just months after the espionage conviction of American-Iranian journalist Roxana Saberi was overturned after heavy diplomatic...
...last the snipers--John Allen Muhammad and his juvenile accomplice, Lee Boyd Malvo--were caught, they had so little reason for murder that they hardly even tried to explain themselves. There was the older man's anger, the younger man's loneliness, a quarter-baked extortion plot. Late on Nov. 10, in a Virginia prison, it was Muhammad who paid the final price. With relatives of his victims watching, he went to his execution as vacant and silent as those deserted playgrounds. "It's over," said a witness, for there was little else...
...TIME's cover story on Wall Street [Nov. 9]: Out in the real world, professionals who construct bridges, buildings and even houses must be licensed, to encourage adherence to stringent technical, legal and ethical standards. Ignoring the rules can result in losing one's job. Why? Because if these things are constructed poorly, people will get hurt. Since Wall Street is in the business of "engineering" markets in order to make the greatest possible amount of money, why shouldn't they also be licensed and held to similar standards...