Word: sentelis
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...American economy should be so lucky. Buried among the Fed's most recent comments on the economy were concerns about the financial and credit markets as well as employment and spending. Since the minutes are distilled before being sent out to be reviewed by an anxious public, the actual concerns among the Fed governors has probably been significantly understated. (See pictures of the Top 10 scared traders...
...after his rocky start and went eight frames for his second win in three starts.Stack-Babich, fellow-senior Jon Roberts, and freshman Jeff Reynolds all collected two hits for Harvard, but the Crimson never managed to strike with its go-to weapon—the longball. Whereas the Huskies sent four shots over the fence, Walsh’s squad could not seriously rattle Ross.Hofeld put together the only reasonable pitching line for Harvard, allowing two runs and striking out three batters in 3.2 innings of work. The sophomore represented one of the few options Walsh had after a grueling...
...Those failings include the nine-month-old government's inability to provide much-needed development, from infrastructure to energy. This year, Kathmandu has suffered routine 17-hour power cuts, which have led to a drying up of foreign investment. Enduring fuel shortages have sent commodities' prices soaring, and the financial downturn has led thousands of overseas workers - whose remittances comprise some 16% of the national GDP - to return home unemployed. National security has also deteriorated, partly as a consequence of the government's failure to integrate the roughly 30,000-strong Maoist rebel army, still quartered in remote camps throughout...
...drama with more far-reaching geopolitical consequences may be brewing in the Indian Ocean, involving two of the nations that have sent warships to fight the Somali buccaneers: longtime rivals India and China. New Delhi has had at least one ship in the Gulf of Aden since October, and late last year, with great fanfare, China deployed two warships to the same area. The ships have been active in interdicting pirates and coming to the aid of commercial ships in apparent distress - though they are not part of the U.S.-led Combined Task Force 151 (usually composed...
...potential for confrontation is fueled by China's historical nostalgia. In the 15th century, the Chinese sent seven massive naval and commercial expeditions into the Indian Ocean to extend the prestige and power of the relatively new Ming dynasty. There had not been anything quite like it in history, and the Chinese were recognized as the masters of the ocean. But a change in emperors and national policy curtailed the expensive naval forays after 1433, and China turned inward. As if to declare that centuries-long period over, Beijing staged elaborate celebrations in 2005 to mark the 600-year anniversary...