Word: poore
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...demands for the head of Citigroup (C) CEO Vikram Pandit have not ended and may rise to a crescendo again if the bank receives poor "stress test" ratings from the federal government. The drumbeat of dissatisfaction about Ken Lewis, head of Bank of America (BAC), has gone on for months. Recently, proxy advisory RiskMetrics/ISS Governance Services recommended that the financial firm's shareholders vote Lewis...
...bitterly ironic that the policies of privatization and the free-market system forced on Africa by the Western-controlled World Bank and IMF (that have devastated many African countries) are now being reversed in the U.S. Whereas poor, suffering Americans need to be protected from the full consequences of their free-market principles (which should allow AIG, GM and the rest of them to fail), Africans were afforded no such protection - presumably because they don't vote in U.S. elections. Alex Potter, CLAREMONT, SOUTH AFRICA...
...baby in its back seat - which shattered once and for all the naive but, among outsiders, popular notion that all South Africa's stories can be framed in terms of black and white. Another is director Michael Raeburn, who has just released Triomf, a bleak examination of a poor Johannesburg family - who happen to be white. "There's suddenly a sense in South Africa that we don't have to make films only about truth and reconciliation," says Raeburn. "We can make romantic comedies, gay movies, horror movies - anything we like. There's a real energy out there...
During a November, 2007 visit to protesting fishermen in Britany, Sarkozy was reduced to furiously babbling as he sought to call a detractor out to insult him face to face. A year later, Sarkozy snarled "get out of here, you poor a - hole" to a man who refused to let the president shake his hand during a book fair appearance. Just hours before the now notorious Wednesday lunch, Sarkozy delivered a monumental verbal lashing to a trio of cabinet members for publicly jockeying for advancement ahead of a shake-up. Astonishingly, that demonstration of presidential butt-kicking was then recounted...
...meantime, Somali piracy has metastasized into the country's only boom industry. Most of the pirates, observers say, are not former fishermen, but just poor folk seeking their fortune. Right now, they hold 18 cargo ships and some 300 sailors hostage - the work of a sophisticated and well-funded operation. A few pirates have offered testimony to the international press - a headline in Thursday's Times of London read, "They stole our lobsters: A Somali pirate tells his side of the story" - but Lehr and other Somali experts express their doubts. "Nowadays," Lehr says, "this sort of thing is just...