Word: regions
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...hail from the Foreign Cultures category. “Some people just assume Societies of the World is just another name for Foreign Cultures, and that’s not our approach at all,” Harris said. While courses in Foreign Cultures focus on a single region, the Societies of the World category will include a number of courses that span borders, according to Associate Dean of Undergraduate Education Stephanie H. Kenen. Course development in the Societies of the World category has been slow: of the seven classes approved so far, only one is not a refitted course...
That's a question being raised in other parts of Eastern Europe these days, too. By one estimate, net banking flows into the region, most of them originating in Western Europe, will fall from $219 billion in 2007 to just $74 billion next year. Sweden's Swedbank, which not long ago earned a fifth of its profits from the Baltic region, has seen its stock price halve in the past year over fears of exposure to bad loans, and on Oct. 27 it announced a $1.5 billion rights issue to bolster its finances. Two days later Austria's Erste Bank...
Such drastic belt-tightening could trigger protests and political opposition; ruling parties will find winning re-election a lot harder. Since the end of communism, the region has introduced some of the world's most business-friendly policies, including, in Estonia, axing corporate taxes. Such policies are unlikely to disappear immediately. "If anything, we will strengthen them, to improve education and encourage innovation," says Juhan Parts, Estonia's Minister of Economic Affairs and Communications. Whether he feels that way several months from now will depend on just how low Estonia and its neighbors sink. - With reporting by Adam Smith/London
Today in the Democratic Republic of the Congo—the former property of Belgian King Leopold II and third largest African nation by land mass—tens of thousands of people are living in displaced peoples’ camps located throughout the eastern region off that nation. According to a Congolese woman interviewed by the BBC, “The fighting began near our home in the middle of the night. There was a lot of gunfire and ‘mabombi’ —explosions [shelling]. Some people were caught in the middle...
...obvious reaction to this crisis is a call for the United States to send aid. But because this situation is fully entangled in international diplomatic bureaucracy and constrained by the very instable power structures that exist in the region, that simple task is never simple. Without utilizing these traditional channels of bureaucrats, the U.S. could possibly violate the sovereignty claim of the Congolese government. However, as the stakes are demarcated in human lives, the cost of an international scandal should not stand in the way of any humanitarian aid that is deemed necessary for the subsistence of the Congolese refugees...