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...option of eating into those debts by inflating its currency. In fact, it has no power to use monetary policy to ease its pain, as the Federal Reserve has been doing in a big way in the U.S. The only options for Greece are to 1) scrimp and save to convince creditors that it can keep paying them off, 2) convince its fellow euro-zone countries--or maybe the International Monetary Fund--to bail it out, 3) default on its debts or 4) pull out of the euro...
...from infections that spread when crushed limbs aren't amputated fast enough. Help never arrives fast enough because no two disasters are alike and chaos is an agile enemy. So I wondered how we would feel, after texting our $10 donations to the Red Cross and writing checks to Save the Children, still coming home night after night to the growing mass grave on our flat-screens...
...when his father threw him out of the compound. During the debate, Bill summons the resolve to give a big Frank Capra speech, confessing that to stay alive he committed burglaries and worse: "I did things for cash that haunt me to this day." He insists that society must save the lost boys. "Until we embrace them - our shadow, our stain - we will never be free of our history." He walks out of the debate and, of course, wins the primary. The exultant Tancy wonders, "Why would anybody want to be a Democrat when we have...
...military coup that deposed Mamadou Tandja, the President of Niger, on Thursday, Feb. 18, could be seen as yet another putsch in a remote West African country, save for two things contributing to a growing instability in the region: cocaine and al-Qaeda. The coup is just the latest in a series in West Africa, making the region an increasing focus for Western governments in their ongoing battles against terrorism and drugs...
...announced the suspension of the constitution and dissolution of all state institutions. An unnamed uniformed officer asked the people of Niger to "remain calm and stay united around the ideals postulated by the council," which were to "make Niger an example of democracy and good governance" and to "save Niger and its population from poverty, deception and corruption." The whereabouts of Tandja were unknown. (See China's investments in Africa...