Word: rulings
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...them shareholders, whose support of Bouton since the Kerviel debacle has been solid. Despite that collective determination, Mistral says Société Générale's hostility to mergers has become a handicap in a sector where growth and geographical expansion via consolidation is the rule. That position, Mistral continues, means Société Générale has "always been viewed in Europe as being perched on the edge of a cliff, and with very little doubt it will be pushed over the side at the end of this episode...
...forgotten man - when he should have been. That says much about who he was and what he stood for. Suharto was the very avatar of the philosophy of economic development first, and political progress later (if at all) - a model of governance that was once the rule in much of Asia. During his nearly 33 years in power, Suharto seemed to have forged a paternalistic pact with the people of Indonesia that went like this: I will build infrastructure, raise income levels, reduce poverty, battle disease and illiteracy and provide stability, and you will let me run the country...
...Today, Sandhya sits batting away mosquitoes in a sparse wood cabin, part of a sprawling Maoist cantonment in the southern district of Chitwan. She believes victory is at hand. A peace process triggered by mass protests in April 2006 against the autocratic rule of Nepal's King Gyanendra brought the Maoists into the political mainstream, paving the way for the extraordinary transformation of a country ruled for two and a half centuries by Hindu kings into a secular republic. Both the Royal Nepalese Army and the Maoist guerrillas - the civil war's bitter foes - returned to their barracks and camps...
...Gyanendra's power play worked to the advantage of the Maoists. Their urban cadres and activists played a prominent part in the 19 days of mass demonstrations in April 2006 that ended King Gyanendra's absolute rule and led to the reconvening of parliament. The surge of popular goodwill at the time catapulted the guerrillas out of their jungle redoubts and into the international limelight. Prachanda, whose very existence had been in doubt only a few years before, appeared on televisions regionwide, saluting crowds and pressing the flesh. A King had been toppled, a war ended, and change in Nepal...
...Forward Little has gone according to script since the people-power protests 22 months ago. In November 2006, the Maoists committed to a peace accord with other prominent pro-democracy parties in Nepal and joined the new interim government that would rule until elections for a Constituent Assembly could take place. But the acrimonious squabbling that followed has dispelled many of the hopes raised by the success of the mass demonstrations. "We just felt so proud being Nepali then," says Sanjog Rai, a college student in Kathmandu. "The protests showed us how united we were and that feeling of brotherhood...