Word: regionalize
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...especially credit cards. That fact seems to have been lost on investors buying bank stocks during the last week. Most money center banks have substantial exposure to debt in Eastern Europe. A lot of that debt may go into default if the economies of the small countries in that region fall apart. They do not have institutions like the Federal Reserve to flood their countries with liquidity. (Find out 10 things to do with your money...
...Today, the KIO is waging an information campaign on a series of seven planned dams in Kachin, which will flood hundreds of villages and could threaten many others because the region's frequent seismic activity could trigger reservoir floods. (Two previously built dams in Kachin were rendered useless after breaking, and nearby villagers, who never received any electricity, were killed by the rush of water.) The dams, which are slated to generate seven times Burma's entire current electricity capacity, are being jointly developed by state-owned Chinese companies and a Burmese firm, Asia World, whose managing director...
...close examination of those chosen suggests that Putin's influence is far from waning. The appointment of Andrei Turchak, 33, who was named governor of Pskov region in mid-February, has aroused claims of nepotism from critics, because Turchak's father is said to be a good friend of Putin's. (Turchak got his start as head of the youth wing of United Russia, which happens to be Putin's party.) In fact, nearly two-thirds of the first 100 already work in the country's federal and regional bureaucracies or have senior posts in state-owned companies. Because...
Prime Minister Nouri al-Maliki's repeated calls to amend the constitution to strengthen the powers of the central government in Baghdad at the expense of Iraq's 18 provinces - including the semiautonomous three-province Kurdish region in the north - have faced fierce pushback from his Kurdish allies, some of whom have called him "the new Saddam." That schism is bound to widen in the coming months, when the U.N. issues its findings over the disputed oil-rich northern city of Kirkuk, which Kurds claim as their "Jerusalem" but which Arabs are loath to let go of. (See a TIME...
...Abbas, commander of the Nineveh Operations Command, which oversees the province's Iraqi police, national police and army units, says there are several factors to blame. First of all, he says, the lack of political accord among the province's diverse population as well as tensions with the neighboring region of Kurdistan, which lays claim to Nineveh's oil-rich city of Kirkuk, have fostered an environment of political uncertainty. (See 10 ideas changing the world right...