Word: parliament
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...sterling from all sides. The currency fell below $1.50 for the first time in 10 months on Monday after an opinion poll published in a British newspaper suggested that none of the parties contesting the country's upcoming general election would emerge with overall control. A so-called hung parliament, investors deduced, would not likely result in a clear plan to tackle the country's dreadful public finances. (See pictures of the financial crisis in London...
...good news for Britain's pound: nasty fronts like this are usually rare, and soon pass. For one, the slide likely had more to do with Prudential's announcement than with intensified concerns about hung parliaments, as was reported widely in the British press, says Daragh Maher, deputy head of global foreign exchange strategy at Credit Agricole in London. In some ways, that's encouraging. If a single opinion poll was able to trigger the kind of slump seen Monday - in a volatile day of trading, sterling eventually closed 1.7% down on the dollar - an actual hung parliament might...
...unfolded in recent weeks, with many officials saying that tougher fiscal oversight might have prevented the collapse of Greece's public finances. "We cannot have a pick-and-mix strategy, allowing everyone to do the easy parts and leave the real challenges to one side," Barroso told the European Parliament last week. "We need strong and true coordination in the economic field." (See the top 10 financial-crisis buzzwords...
From outside Africa, the response has been patchy. There is some financial assistance, much of it from the U.S. (The A.U. peacekeepers have cost $160 million so far.) In 2007, the U.S. sent special-operations teams in with the Ethiopians and - says Abdirashid Mohamed Hiddig, a Somali Member of Parliament who assisted the Americans - captured 10 to 20 foreign fighters. Since then, according to Pentagon spokesmen, the U.S. has carried out at least six aerial attacks inside Somalia, killing al-Shabab leader Aden Hashi Farah Ayro, who was hit by a missile in May 2008, and Saleh Ali Saleh Nabhan...
...leotard and spread her legs for the “Single Ladies” dance as herself—it’s her alter ego “Sasha Fierce” who’s hitting the stage. Recently I heard about a Swedish parliament member who went on an all-expenses-paid trip to the south of Spain. He claimed it wasn’t him as a politician accepting gratuities to fund the little booze cruise, but rather his alter ego, a drag queen named Ursula...