Word: poorly
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...political freedom. Back when Obama lived in Jakarta, where his American mother was an anthropologist and aid worker, Indonesia was ruled by a dictator and mired in poverty. Today, it is a proud member of the G-20 club of wealthiest economies. While much of Indonesia is still poor (18% live under the poverty line), the country is finally using the profits from its plentiful natural resources, such as natural gas and a horde of minerals, to lift up its citizens. "Foreigners used to think of Indonesia as a place of natural disasters," says Gita Wirjawan, the head...
...impact was greater because Britain's growing wealth has fueled growing inequality. The gap between rich and poor is only slightly narrower in the U.K. than in the U.S. and yawns much wider than in other European countries. Social mobility has stalled. The gulf between City financiers and low-income Londoners is profound. "The bankers look down from their gleaming towers in the City, and they see a depressed and depressing East End," says Dominic Carman, the parliamentary candidate for the Liberal Democrat Party in Barking. "From the East End, the City looks like an El Dorado of gleaming spires...
...said would better equip the country to deal with future economic crises. But Wall Street has already balked at his plan, which includes a new consumer-protection bureau, gives shareholders input on CEO pay and improves regulation of credit-rating agencies such as Moody's and Standard and Poor...
Frebel is back in Chile this week continuing the same line of research, hoping to find even more metal-poor stars in dwarf galaxies...
Appointed Prime Minister of Iraq's first post-Saddam government in 2004, Allawi headed a corrupt, inept administration that set a poor tone for Iraq's fledgling democracy. As an American appointee, he lacked street cred. He projected himself as a democratic strongman - a contradiction in terms that convinced few of his countrymen. Although a Shi'ite, he alienated many among the majority sect by espousing a secular view of Iraq. Many Iraqis were suspicious of his ties to Saddam Hussein's Baath Party, even though Allawi had left the party in 1975 and had survived an assassination attempt ordered...