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...imperative that Shinzo Abe, who will be elected as Prime Minister by the Diet this week, continues financial progress. While NPLs at the megabanks were down to 1.8% of total loans as of March, they remain at 4.5% at the regional banks. The latter lend almost as much as the big banks. Furthermore, NPLs have fallen partly because more than 26% of all loans charge an interest rate of less than 1% and 9% charge less than 0.5%. How will these borrowers fare as interest rates return to normal...
...whole. Unlike, for instance, a judge from Suva, a Canberra auditor, a Nuka'alofa constable or a Wellington diplomat-all the quiet, efficient public servants from around the region who have volunteered to help a troubled neighbor. When local M.P.s moan that they don't get credit for the progress that has been achieved, senior RAMSI members hold their tongues. "It's hard to know whether to laugh or cry when you hear those complaints," says an Australian official. "There's a deep sense of frustration among the political class," says another observer in Honiara. "They are failing...
...national income going to 10% of the wealthiest households. His government has delivered programs such as the Zero Hunger initiative, which aims to put food on the poorest familes' tables. Since 2002, Brazil has posted low inflation, rising gdp and a strengthening currency. But in the slums, signs of progress prove as elusive as the rats that dart between the shacks. Wilson, 15, lives in the favela of Heliópolis, where half the 125,000 inhabitants are under 25. The vast majority come from Brazil's hardscrabble northeastern states, drawn by the hope of work, though unemployment runs...
...HAMILTON, co-chairman of the congressionally commissioned Iraq Study Group, at a press conference called by the panel to provide a progress report on its work...
Before Iraq, the technology of arm prostheses hadn't changed much since World War II. The tiny population of amputees created little market incentive. Miguelez used the burst in demand from Walter Reed to lean on manufacturers for progress. Before long, he was outfitting Iraq war amputees with an electronic hand that opened and closed 2 1/2 times faster and could be programmed to function at different speeds and grip strength...