Word: regionals
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...given that it takes years for companies to see a return on their investments in major infrastructure projects, Jakarta will have to act quickly and create an investment climate that makes the country more attractive than others in the region, particularly during these times of crisis. "Select projects will get interest from investors in Japan and Taiwan but it won't be as easy as when liquidity was more available so incentives are needed," adds Uno, one of the country's most successful young businessmen. "It is high time for the government to take the lead...
...Merkel's wait-and-see policy just isn't working, they argue. Economists now predict that Germany's export-dependent economy will contract by a record 7% this year. And the latest data from the European Central Bank show that despite the stimulus packages and bailouts across Europe, the region's banks still are not lending money. The volume of lending to the private sector in the eurozone, the 16 countries that use the common European currency, dropped 0.1% in February from the month before and lending to businesses also slipped 0.1%, the ECB reported...
According to his paperwork, "Dmitri" spent several weeks in a psychiatric institution in the Arkhangelsk region in northern Russia and, soon after, he was finally diagnosed with a mild mental illness. He won't say what the diagnosis actually is; the important thing for him is that the general finding is stamped across his identification papers. It prevents him from ever getting a job in the Russian government. But more importantly for Dmitri, that medical certification prevents him from being drafted into the army...
...challenges may be slightly different in Latin America from those faced in Europe. The main challenge facing the progressive governments of this region is not right-wing laissez faire capitalism, but the more populist socialism epitomized by Venezuela's President Hugo Chavez. "Sometimes the adversary of progressive ideas can be populist ideas," said Rudy deLeon from the Center for American Progress in Washington, perhaps with Chavez in mind. "And in a time of economic challenge that can be an issue...
...reason that regional powers might be leery of going even further would be the past decade and a half of vicious cross-border proxy warfare and direct intervention that eventually became what many dubbed Africa's First World War. Regional power plays had a role in the 1994 Rwandan genocide that killed 800,000 Tutsis and moderate Hutus - an outrage that the current Rwandan government accuses France of helping to enable. And the fallout from the Rwandan genocide has continued to plague Eastern Congo, where it has produced periodic massacres in the intervening years. Deep-seated hostilities across the region...