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...wake of the meltdown of the stock market in Moscow this month, there are quite a few Russians who probably wish they had heeded that sort of advice. For after partying through several years of heady growth, much of it financed by borrowing from abroad, the nation's scrappy banking system and its underdeveloped financial markets are suddenly losing much of what they have won in the past couple of years - and more...
...question is what sort of an impact the banking sector's problems and the cascading margin calls on stock-market investors will have on the Russian economy as a whole. In such volatile times, it's particularly hazardous to make any predictions. But Russia experts say that, for the moment at least, they don't expect the troubles to blow up into a huge national economic crisis like the one of a decade ago, when the ruble collapsed and the economy contracted sharply. If anything, there will be a welcome cooling off in the economy, which has been...
Voters like Cohen, who serves as president of the Century Pines Jewish Center, are left to sort through the information on their own. When he received the fax casting doubt on Obama's support of Israel, he contacted Sophie Bock, who runs his condo community's local Democratic club. She told him it was just dirty tricks and pointed to Obama's support among a number of pro-Israel leaders. Then she called her Congresswoman's office to spread the word about the nasty messages being sent to the temple. "They said it's just electioneering," she explained...
...first days were wonderful. After trying several lines, I found that my absolute favorite was the 14. Driven entirely by some sort of computer-sensory device, the 14 didn’t need an annoying front car with a driver obfuscating my view of the underground...
...today there's growing momentum in Dhaka for some sort of restitution. Since its traumatic birth, Bangladesh has weathered coups, assassinations and a legacy of largely corrupt and ineffectual leadership. Now war veterans such as Safiullah and other members of civil society are urging Bangladesh's current government, a caretaker administration of technocrats propped up by the military, to establish a fact-finding commission that could go about the long-overdue work of collecting testimony and starting prosecutions. In recent weeks, they've called for the banning of suspected war criminals and collaborators from the polls due to be held...