Word: seng
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...past two years, the country has ranked near the bottom of Transparency International's Corruption Perception Index, and in a 2007 World Bank study, only 18% of respondents said they thought judges were honest. "Corruption is so pervasive it's part of the culture," says Theary Seng, executive director of the Center for Social Development, a Phnom Penh-based NGO. She worries that the billions coming in from private investment - particularly in oil - will not trickle down to the countryside where 80% of the nation lives. "If they want to do it right, they have lots of good models...
...what you will about today's global economy, it ain't dull. In a cascade of worry on a single trading day, Jan. 21, Hong Kong's Hang Seng index plunged 8.6%, Tokyo's Nikkei 5.7% and Mumbai's Sensex 12.9%. It was a worldwide mini-meltdown, and the Federal Reserve Board wasn't about to let that go unanswered. Before the U.S. markets had even opened, Fed Chairman Ben Bernanke--not a man known for dramatic gestures--slashed a key interest rate three-quarters of a percentage point. The surprise move arrested the rout, and the markets have since...
...percentage point, and signaled that another half point cut could come as soon as next week - arrested, at least temporarily, the rout in equity markets around the world, which had hit Asia's bourses particularly hard. In the trading day before the rate cut, Hong Kong's Hang Seng had declined 8%, Tokyo's Nikkei 5.7% and Mumbai's Sensex 12 percent...
...what you will about today's global economy, it ain't dull. In a cascade of worry on a single trading day, Jan. 21, Hong Kong's Hang Seng index plunged 8.6%, Tokyo's Nikkei 5.7% and Mumbai's Sensex 12.9%. It was a worldwide mini-meltdown, and the Federal Reserve Board wasn't about to let that go unanswered. Before the U.S. markets had even opened, Fed Chairman Ben Bernanke - not a man known for dramatic gestures - slashed a key interest rate three-quarters of a percentage point. The surprise move arrested the rout, and the markets have since...
...dose was needed, fast, to stem a virtual free fall in global stock markets. On Jan. 21 and 22, investors around the world went on a panicked selling spree that resulted in heavy losses. London's FTSE 100 index fell 5.5% on Jan. 21, while Hong Kong's Hang Seng Index fell more than 13% in two trading sessions; Mumbai's Sensex dropped more than 12% over two days...