Word: reaction
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...immediate market reaction to the deal--and to the three-quarter-point interest-rate cut announced by the Fed two days later--was positive. Stocks rose nearly 4%; credit markets calmed a bit; the global financial system lived to fret another day. And fret it surely will, for the troubles that mauled Bear are far from over...
...past few days, the government’s repressive reaction to the popular protests in Lhasa, capital of Tibet, has put China’s human rights record in the spotlight, precisely as the Olympics loom in the horizon. Seeking to control public perception, the Chinese regime has tried to minimize international exposure to the issue. Yet tanks and soldiers will not go unnoticed forever. Tibetans’ demands for autonomy are reasonable, and it is only a matter of time before even the mighty Chinese government has to give...
...evidenced by the violent reaction against anything Chinese in the streets of Lhasa over the last ten days, Tibetan identity is very much alive and tired of the status quo. Tibetans’ demands have not changed, but their oppressor has. As host of the upcoming Olympics, China is in the spotlight. Quickly, Beijing blamed the protests on the Dalai Lama, oddly accused the Tibetans of “reactionary separatism” and of trying to ruin the Olympics, and cut off access to the region, where The Economist was the only foreign media outlet with a correspondent. Silence...
...natural ally in the region. But in the past few years successive governments in Kathmandu, perhaps sensing that Beijing and not New Delhi will be the real power in coming decades, have grown closer to China. Just how close the two have become can be seen in Nepal's reaction to the flare-up in Tibet. Nepal is home to a sizable Tibetan exile community. Officially, Tibetans are not allowed to organize politically in Nepal or air their anti-China grievances. A series of peaceful protests outside the Chinese embassy and at a United Nations building in Kathmandu over...
...Dalai Lama insisted that the uprising in Tibet was a spontaneous reaction to Beijing's unyielding refusal to hear Tibetan grievances, and its adoption of a policy that the spiritual leader branded "cultural genocide...