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...Billions of dollars of investment will be needed not only to help keep the country's economy growing but to prevent other infrastructure-related accidents like train derailment or boats capsizing - both of which occur with alarming frequency. More than 200 are believed to have died in January when an overloaded ferry capsized in bad weather off the coast of Sulawesi. While natural catastrophes like flooding and landslides take a human toll every year in Indonesia, many say manmade disasters like the March 27 dam collapse can be prevented. "The country is taking the right steps but the speed will...
...power vacuum plaguing the Treasury, the Federal Reserve, and the Federal Deposit Insurance Corporation as of late. Geithner’s plan is complex and still in its infant stages: Thursday’s proposal left many details up in the air so that productive exchange with lawmakers can occur in the near future. Surely, it will undergo much revision and debate as it works its way through opposition in Congress. Its principles of transparency, disclosure, centralization, and closer oversight, however, must not be lost on Capitol Hill. If executed properly and enacted swiftly, Geithner’s plan should...
...heads of publishing companies have spend most of the last 20 years worrying about the costs of organized labor, the price of printing paper, and postal rates. It clearly did not occur to them that the early internet successes like Lycos, Excite, and Altavisa were in the information gathering, sorting, and creating businesses. Their indexing and presentation of content looked clumsy in 1997 and 1998. It is incredible to remember that Yahoo! (YHOO) had its first day of 100,000 unique visitors in 1994. The company went public in early 1996. Google (GOOG) raised $25 million...
...Gelb, former president of the Council on Foreign Relations, in his new book, Power Rules. It seems an aggressively simplistic thought for a member of the foreign policy priesthood. But Gelb doesn't define power merely as the use or threat of force. (In fact, he argues, wars usually occur when the creative use of power has failed.) Power is a combination of factors - military, diplomatic, economic, moral - that give a country the ability to make its way in the world. Gelb believes that most recent Presidents have used power foolishly, squandering it - which is something Barack Obama should bear...
...country that has no equivalent of a National Security Council to mediate among the various parts of government involved, it's not unusual for a little intraministerial miscommunication to occur now and then. But many are asking why this decision, communicated poorly or not, was made now. With the G-20 meeting in London on April 2 and the NATO gathering in Strasbourg immediately after offering Spain a first chance to work with Obama, why would Zapatero risk alienating his allies? (See pictures of the world reacting to Obama's election...