Word: outflows
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...perception that Indonesia is a hostile environment for business, foreign direct investment (FDI) has already plunged from its pre-crisis level of $6.2 billion in 1996. Investors seeking low-cost operations are avoiding the country; most are relocating their factories to China. Last year, Indonesia registered a net FDI outflow of $5.9 billion, making it "the only country hit by the Asian financial crisis that still suffers a great capital outflow," says Hans Vriens, managing director of PT APCO Indonesia, a consulting and research firm...
...September, insiders have sold $66 billion more of their employers' stock than they have bought (all of it legally and publicly disclosed). Insider purchases have all but dried up, according to research firm TrimTabs. A net $10 billion was withdrawn from U.S. stock funds in June, the largest monthly outflow since last September after the U.S. terror attacks. "Investors," says Robert Adler, president of AMG Data Services, "are reallocating into bonds and overseas equities...
...Moscow continues to demand its own sector and refuses to subordinate its troops to NATO. "They?ll probably reach a compromise agreement by creating some form of parallel command in name that appears to satisfy both concerns," says TIME Moscow correspondent Andrew Meier. Indeed, NATO is concerned that the outflow of Kosovar Serbs will create unstoppable momentum toward independence for Kosovo, which would sharply divide Europe. And with the Serbs reluctant to trust the promised protection of those who were bombing them only two weeks ago, a strong Russian presence is NATO?s best bet for maintaining a multiethnic Kosovo...
...conserve its resources. And in the middle of all this, NATO now says that up to 700,000 refugees are wandering homeless, brutalized by Serbian forces and desperately seeking a way out. Slobodan Milosevic has tried to put a lid on the province--limiting media access and stemming the outflow of refugees--but tales of horror continue to escape. And with K.L.A. troops busily rearming and Serbian forces mining, entrenching and leveling the province, much more violence probably lies ahead before Kosovo has its first hint of peace...
...terror to tell. Milosevic seemed intent on emptying not just the historically sacred (and mineral-rich) north and central zones dear to Serb hearts and pocketbooks but every square inch of the Connecticut-size province. Even without confirmation of the widespread stories of atrocity or war crimes, the brutal outflow told a clear enough tale. A systematic expulsion was under way that, NATO predicted, could empty the province of its 1.8 million ethnic Albanians in 10 to 20 days...