Word: regionalization
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What's it feel like to survive one hurricane only to be told that another is on the way? New York City-area homeowners are in just that spot. After the region suffered the brunt of financial-industry cutbacks, the next big wave of woe could be a nor'easter of collapsing home prices. That's the forecast of an extensive new report on residential real estate by Deutsche Bank, which calls for home prices in metropolitan New York City (which includes Westchester, northern New Jersey and other nearby areas) to fall 40.6% from the prices that prevailed in March...
...Analysts fear that the deteriorating economic climate, a legacy of ineffectual governance, and an increasingly frustrated population may feed into the designs of established militant groups in the region. The Ferghana Valley, the most densely populated pocket of Central Asia, straddles the Uzbek, Tajik and Kyrgyz borders, and is home to the al-Qaeda-linked Islamic Movement of Uzbekistan (IMU), a State Department listed terror organization. Militants are known to slip easily across the porous 1,300 km boundary between Tajikistan and Afghanistan, which is also a chief thoroughfare for Afghan opium into the markets of the West. According...
...specter of an Islamist threat has often worked in favor of the region's governments. After 9/11, U.S. Central Asian strategy was dictated largely by the Department of Defense under Donald Rumsfeld. Uzbekistan, ruled its entire independent life by the iron-fisted Islam Karimov, was brought into the fold as a staging ground for American operations in Afghanistan, as well as a willing accomplice in the renditions of suspected terrorists. That cozy partnership ended in 2005 when the Uzbek army gunned down hundreds of civilians protesting for reform in the Ferghana Valley under the pretense that it was curbing...
...With the anticipated loss of Manas air base in Kyrgyzstan, the U.S. has again turned to Karimov's Uzbekistan for logistical assistance. Central Asia watchers in the U.S. say that part of the difficulty Washington now faces in the region stems from its own short-sightedness in engaging governments there. "The U.S. approach was one-dimensional," says Mankoff of the Council on Foreign Relations. "A lot of attention has been paid to cooperating with military and security forces at the expense of a broader relationship." The Obama administration has no dedicated Central Asia envoy nor is it willing to pursue...
...Events may soon outpace that calculus, given the alarming collapse of the region's economies and spikes in militant violence. It's unclear, though, what a beefed-up American role in the region could look like, and whether it would be in concert - or at odds - with Moscow or Beijing. Headlines in the international press tout the advent of the new "Great Game" in a region that for centuries has been at the whim of larger forces. Not many locals are that interested, though. "We waited and hoped for democratic change after the influence of America," says Umida Niyazova...