Word: regionalize
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Asian markets got pummeled on Tuesday as investors dumped stocks across the region in the wake of Wall Street's worst decline in seven years. Japan's benchmark Nikkei stock market index closed down nearly 5%, Hong Kong's Hang Seng index fell 5.4%, and Seoul's KOSPI index dropped 6.1%. In Taiwan, where the main index slumped 4.9%, the government encouraged banks and state funds to buy shares to support the market...
...only a handful of African countries do more than 1% of the population use broadband services. (Among OECD countries, broadband penetration averages 18%.) And the services that exist don't come cheap. Broadband costs more in sub-Saharan Africa than anywhere else in the world: consumers in the region spent an average of $366 each month for speedier Internet access in 2006, according to the World Bank. Users in India, meanwhile, paid just...
...success of any such moves, though, hinges on a healthy demand for available services. The incredible spread of cell-phone use in Africa offers plenty of encouragement. The continent's mobile market has expanded faster than that of any other region over the past five years, averaging annual growth of almost 65%. Revenue generated by each of Africa's almost 300 million cell-phone users is three times higher than in Bangladesh, India or Pakistan. And users have been quick to exploit devices for commercial gain. Ghana-based TradeNet matches buyers and sellers of crops by circulating details...
...jury is out on redemption," says political analyst Nasim Zehra. "But I don't think Zardari can stand up and rally the people behind him." Zardari has to balance U.S. demands for firm military action against the distrust of a public alienated by American adventures in the region. In a country where most blame the presence of foreign troops in Afghanistan for Pakistan's problems, he will have to convince Pakistanis that the war on terrorism is their...
...border. But the exercise was a lesson in being careful what you wish for. Pakistan's army was built to fight a conventional war with India and is ill equipped to handle violence at home. Three weeks of air strikes forced more than 260,000 residents to flee the region; many ended up in squalid camps. They have turned their wrath on the government, not on the militants who are fighting it. "We are sandwiched between security forces and the Taliban," says Fazl Sadiq, 30, who is staying in a camp. He claims that the air strikes have killed more...