Word: regions
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...These steps have been necessary despite the fact that Asia's banks have barely been dented by the toxic assets that devastated lenders in the West. But as confidence seeped from the region's financial markets, banks became nervous about parting with funds, credit tightened, and stock markets plunged. South Korea has been looking particularly vulnerable to further turmoil. With some $80 billion of its banks' foreign debt maturing by mid-2009, investors worried the country could face a credit crunch that would restrict lending throughout the economy. Those fears have punished Korean stocks and the country's currency...
...Dubai and its real estate market are vulnerable to an international economic downturn, especially compared with many of its Gulf neighbors. As the region's premier business, transportation and tourism hub, it is by definition more entwined with the global economy. And in tight times, Dubai lacks the windfall oil profits that have enabled sister emirate Abu Dhabi, for example, to amass a financial cushion in sovereign wealth funds totaling hundreds of billions of dollars...
...volunteers. In the aftermath of Hurricane Katrina in 2005, MRC volunteers nurtured thousands of weary evacuees seeking refuge many miles from home in Texas, Mississippi, Massachusetts and other states. During the 2007 Southern California wildfires, MRC personnel cared for the exhausted at more than 15 shelters across the affected region. Recent Hurricanes Gustav and Ike mobilized MRC volunteers to support shelter operations and provide first aid in nearly a dozen states in the South. Nationwide, MRC volunteers have not only conducted pandemic influenza trainings but also now routinely staff annual flu vaccination clinics that would otherwise lack qualified health personnel...
...burgeoning Sino-Pakistani alliance may check what many in Islamabad and Beijing fear to be a solidifying Indo-U.S. consensus in the region. Though no official statement from either government was made, Pakistan's ambassador to Beijing, Masood Khan, told The Nation, a Pakistani daily, that obtaining nuclear reactors and fuel for civilian nuclear technology would be the "main item" in talks with Beijing this week. Apart from being Pakistan's main conventional arms supplier, China has played an integral part in building Pakistan's nuclear weapons industry. In turn, Islamabad allowed the Chinese to build a deep...
...multi-polar 21st century. Su of China Foreign Affairs University insists shoring up Pakistan's economic and industrial prospects can only be good for its historic foe. "Pakistan is such an important anti-terrorism frontier," he says. "Instability there will jeopardize the safety of all other countries in the region, including India...