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...recent months has tied this tiny country on the edge of the Caspian Sea to the huge Western market. "There is a lot of oil and a lot of money," says Mirza, who spent 14 years earning about $10 a month working on a creaking old Soviet oil rig. "And because there is a lot of money, our lives will surely improve...
Back in the oil terminal outside Baku, Bala Mirza, the engineer at the computer monitor, says he has already reaped benefits from the new oil boom. His life is barely recognizable from those days when he earned $10 a month on that offshore Soviet rig. Since joining the pipeline project in 2003, he has bought a car for himself and for his father, who worked in Soviet oil production for 30 years. But the real test of how Azerbaijan has changed will be the future of Mirza's daughter, who is now 10. "When all our oil is finished...
...road. At a second general store a few minutes walk away I found a mop. Actually, the mop came in two parts: a long wooden handle and the mop end. But the two pieces didn't match each other, so the shop owner found a screw driver to jerry-rig the contraption...
...over time, the idea that the price of Telstra shares was a political albatross, or that the regulators would rig the game to the company's advantage, has been put to rest. The world has changed?for Telstra and its competitors, investors and Canberra. Voters have wised up. Australians have now lived through a decent cycle of asset-market turbulence (even though gross domestic product has been expanding for 15 years). Says one government adviser: "House prices are the key to how Australian voters feel about their wealth. Full stop." Among existing homeowners, only those who bought late...
...Prabhakaran has displayed a genius for guerrilla warfare, forging the Tigers into what is widely acknowledged as the world's most ruthlessly effective rebel army. Extraordinarily disciplined, the Tigers make an art form of suicide attacks. They hide explosives around or even inside the body, and rig them to motorbikes, cars or boats. Prabhakaran's masterstroke, one that prefigured jihadi terrorism, was to instill an almost religious reverence for sacrifice and martyrdom in his army?all his fighters wear cyanide capsules around their necks. For the Tigers, many of whom are recruited as children, Prabhakaran is akin to a demi...