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...Jong Goo, standing commissioner at the Financial Services Commission (FSC), the government agency that oversees the country's finance industry. They got one anyway. International bankers and investors yanked money from emerging markets worldwide. South Korea's banks rely more on external financing than most others in the region. Amid a global shortage of credit, the banks struggled to find financing, often borrowing on overnight markets at high interest rates. Foreigners dumped South Korean shares and the stock market plunged. On Oct. 16, the won lost nearly 10% of its value, its biggest one-day drop since the 1997 crisis...

Author: /time Magazine | Title: A Depressed Mood | 11/13/2008 | See Source »

...just as aggressive with the new administration as it was with the last. In his state-of-the-nation address last Wednesday, only 12 hours after Obama’s election, Medvedev criticized United States foreign policy and announced Russian plans to place missiles in the Baltic region. We urge Obama to break from the Bush administration’s legacy by withdrawing the proposed American missile shield in Eastern Europe, while maintaining the commitment of the U.S. to defending Eastern Europe in case of conflict with Russia. Russia plans to install Iskander missiles in Kaliningrad, between two NATO member...

Author: By The Crimson Staff | Title: Averting Another Missile Crisis | 11/13/2008 | See Source »

...Crimson women’s soccer players crowded around the television on the second floor of Dillon Fieldhouse, waiting to hear the fate of their season. Across town, 29 Huskies were also anxiously tuned into ESPN to see what team they would draw for the first round of regional play. Neither team was surprised to learn its opponent. “We were all kind of thinking that it was going to be a Beanpot,” Harvard coach Ray Leone said. The Crimson (10-3-4, 5-1-1 Ivy) earned the Ivy League’s automatic...

Author: By Jake I. Fisher and Stephanie Krysiak, CRIMSON STAFF WRITERSS | Title: Harvard Kicks Off NCAAs at Chestnut Hill | 11/13/2008 | See Source »

...quietly," Alexis Sinduhije told an interviewer earlier this year. The activist and former journalist is one of Burundi's most prominent and controversial voices, the founder of his own political party with out-loud ambitions to run for the country's presidency in 2010. In the turbulent Great Lakes region of Africa, where chaotic Congo meets the former genocidal killing fields of Rwanda and Burundi, Sinduhije promised to be a proponent of ethnic reconciliation, a distinction recognized by TIME when it named him one of this year's 100 most influential people in the world. But last week, Burundi...

Author: /time Magazine | Title: Burundi Political Activist Jailed | 11/13/2008 | See Source »

...Trinidad and Tobago was the highest ranked Latin American country. Guatemala's gap widened considerably, with the country falling from #61 in 2007 to #113 in 2008. Israel had the highest score in the Middle East, with Kuwait coming in second for the region and Yemen - which has closed just 47% of its gender gap - coming in last at #130 overall. Only two African countries are in the top 20, Lesotho #16 and Mozambique #18; big drops in ranks were seen in Zambia, Angola, Ethiopia, Benin and Chad...

Author: /time Magazine | Title: Where Women Are Treated (Almost) Equally | 11/12/2008 | See Source »

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