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...There's pretty widespread agreement that the recovery, when it comes, won't be robust. "Even after a recovery gets underway, the rate of growth of real economic activity is likely to remain below its longer-run potential for a while," said Bernanke in his testimony to the Joint Economic Committee on Tuesday. That means unemployment will keep rising even after the economy has stopped shrinking. And if unemployment keeps rising, consumer spending won't rebound strongly, bank-loan losses will keep rising and a recessionary relapse isn't out of the question. The next monthly employment report, due Friday...
...bounds in Buner and Swat and needed to be pushed back - but not necessarily crushed. Whereas U.S. officials warn of the Taliban as an "existential" threat to Pakistan, the country's own military continues to reserve that status for India, against which the vast bulk of its armed forces remain arrayed...
...reference to Prachanda's Maoist brethren-in-arms. Since the peace accord, the Army has opposed full integration, fearful that the Maoists would then insinuate themselves into the military power structure. Facing intransigence, Prachanda directed that the general be fired. But President Ram Baran Yadav ordered Gen. Katawal to remain in office, with a presidential spokesman calling the sacking "illegal and unconstitutional." (See pictures of Nepal's uneasy peace...
Those restless followers remain the root of the problem. Says Dixit: "What I would hope for is that the integration or rehabilitation of individual combatants may go back to how it was supposed to be - by giving individual soldiers a choice, and inducting those into the army that meet the criteria. Otherwise, it would have weakened Nepal...
...Bureau of Indian Affairs, as he shopped for reloading supplies at Lammer's Trading Post, where locals and members of the Crow Tribe come to buy guns and ammo, beading supplies, or to sell for quick cash their saddles, buffalo robes and beaded-buckskin ceremonial costumes. But others remain supportive of the jail project - and the enterprise of the town's administrators. The store's fourth-generation owner, George Lammers, noting the drastic difference between subtropical, humid Gitmo and dry, wintry Hardin, says, "This place would be torture for some of those boys." But, he allows, "I think it would...