Word: outposted
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Striking? More like creepy: a preppy trader at a remote outpost of a mid-sized European bank loses hundreds of millions by gambling on the financial markets while his superiors remain clueless for months. When he can no longer hide the losses, the trader disappears. At this point the stories diverge. Unlike Leeson, who fled from his Singapore base to Borneo and then to Frankfurt, Rusnak never left town and, his lawyers insist, was not a fugitive. The other difference: seven years ago, Leeson's losses of $1.3 billion from dodgy derivatives deals were large enough to bankrupt his employer...
...Fatah organization and also radical Islamist groups such as Hamas and Islamic Jihad, had signed on. But in the absence of any paradigm-shifting breakthrough, the respite was always going to be temporary. A week into January, Hamas broke its silence with an attack on a military outpost on the Israeli side of the border with Gaza. Then came the Karine A weapons shipment, which Israel claims proved Arafat malafides as a peace partner. And then the Karni assassination, which prompted the grassroots structures of Arafat's own organization to void his cease-fire. Hamas on Tuesday promised...
...MIDDLE EAST After a Lull, Violence Returns Tentative steps toward ending more than 15 months of bloodshed stumbled when two Islamic militants stormed an Israeli army outpost near the Gaza Strip, breaking a Hamas-declared suspension of violence in Israel. The attackers killed four soldiers, members of a Bedouin Arab battalion, before being shot dead. In retaliation, Israeli bulldozers destroyed 32 houses in the Gaza refugee camp that had been home to the two assailants and ripped up the runway of the Palestinian-controlled international airport...
...black turbans (one carrying an M-16 made in Kentucky in 1975) and his senior lieutenants in white turbans. Haji Abdul is quite an old man, his beard more grey than black. He told us Rais the Baghran began surrendering eight days ago. The day before troops from this outpost accompanied 20 U.S. Special Forces and governor Haji Shir Mohammed as far north towards Baghran as they could. "For the moment no fighting is taking place in Baghran, and since the governor went there none has broken out," he said...
...haven within a haven, 1,600-m-high Sapa, the express's northern destination, couldn't be more ideal. A former French-colonial hill station near the northern border with China, it has in recent years gone from a nearly forgotten outpost to a popular weekend getaway, partly due to the success of the luxury train. But Sapa still has almost no nightlife and hasn't even gotten around to assigning names to its streets. Surrounded by mountains, bamboo forests and dramatic rice terraces, the town is just as enticing as the journey?if you can tear yourself away from...