Word: saversion
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Struggling for Approval During last year's election campaign, this mystery man sold himself as a change agent. Hatoyama has pledged a complete overhaul of decades of policy held dear by the old regime. He has vowed to break the grip of the all-powerful bureaucracy and place greater policymaking...
Buttressing that sort of attitude are the limited ways in which Chinese citizens can put their nest eggs to work. Bank interest rates remain regulated and miserly - offering less than 1% return on a standard savings account - and China has only just begun to open the door to its citizens...
But many Icelanders say they are being unfairly persecuted. They are still smarting from Britain's decision to use antiterrorism laws in 2008 to freeze Iceland's assets and force the country to agree to reimburse the British savers. "The British government used gunboat diplomacy, putting us in the same...
That, apparently, did little to quell the discontent, and for good reason. Since the famine in North Korea a decade ago, informal private markets have sprung up across the country, enabling an increasing number of North Koreans to feed themselves and earn a basic living by trading. The U.N. has...
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