Word: riche
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Dates: during 2000-2009
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...much for change. In the wake of the mortgage-market fiasco, in which get-rich-quick schemes alchemized in the cubicles and conference rooms of Broad Street translated into a meltdown of the international financial system, bankers have been looking for new markets to tap. But despite all talk of a new approach to the future of finance, the reality is that the most recent innovations are only geared to resurrect the same old broken system...
...That includes the one snaking down into the Kabul Gorge where the British were massacred. More surprising, it also includes the main Kabul-Kandahar highway, which was supposed to be a symbol to Afghans of the benefits of an American-backed government. If you're a foreigner or a rich Afghan, you can fly to Kandahar. Otherwise, ordinary Afghans have to take their chances with the Taliban and the bandits along the highway. "Three years ago" one foreign academic and longtime Kabul resident told me, "Afghans had hope for the future. Now they don't." (Read a story about...
...coup requires certification by Congress - where Obama and Clinton foresee a fight they'd rather avoid. Conservative Republicans are angry at Obama's support of Zelaya, who they insist was trying to remove presidential term limits in Honduras and usher in a socialist government like that of his oil-rich left-wing ally, Venezuelan President Hugo Chavez. As a result, they're blocking a number of the White House's State Department appointees, including Arturo Valenzuela, Obama's pick to oversee western hemisphere affairs...
...while others in the main economic city of Port-Gentil ransacked shops, set fire to the French consulate and attacked the compound of French oil giant Total. Their grievances were clear: after having helped Omar Bongo squash his political opponents and allegedly siphon off a vast fortune from resource-rich Gabon's coffers, protesters say, French officials now stand idle as Ali Ben Bongo uses that money and inherited influence to steal a presidential election of his own. (See pictures of Africa...
...French political and business interests. For decades, Françafrique produced corrupt and brutal yet stable African partners for France and helped Paris fend off the rival influences of Britain, the U.S. and more recently China. Typically, the authoritarian African leaders who gained from this relationship grew magnificently rich as their people, inversely, became impoverished. And no ruler was more iconic of the so-called Big Men that Françafrique produced than Omar Bongo. (Read "Gabon Faces Bongo's Disastrous Legacy...