Word: sovereigns
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Dates: during 2000-2009
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...blasts. Early reports from officials in Assam pinned the blasts on the United Liberation Front of Assam (ULFA), a group that has been agitating against the government since 1979. (See here for a TIME Archive story on the origins of Assam's troubles.) Its often violent campaign for a sovereign Assam began in earnest in 1990. The group seeks an end to what it has called "colonial rule" by the central government in New Delhi and the expulsion of non-Assamese, particularly Hindi-speakers, from the state. ULFA has denied responsibility for the blasts...
...forever. In the past month, all three major Icelandic banks have been effectively nationalized, the stock market has crashed, and the International Monetary Fund (IMF) has been called in to calm international investors and prevent the country’s bankruptcy. As the global financial crisis claims its first sovereign victim, it is important to understand that every party involved would have benefited from more coordinated international regulation. The crisis affecting Iceland has its roots in the catastrophic consequences of an oversized banking industry in a country without the financial muscle to become a lender of last resort amidst...
...synchronizing swimming styles is easier said than done. Despite being the global cheerleader for a united response to the crisis, French President Nicolas Sarkozy on Friday announced that France would be creating its own national sovereign fund to buy stocks in troubled private companies. On Tuesday, Germany had rejected Sarkozy's call to create a European-wide sovereign fund that could prevent Europeans waking up "to find European companies belong to non-European capital, bought when share prices were at their lowest point". Sarkozy also wants governments in countries that use the euro to have greater powers to manage...
...growing at annual rates of more than 8%, and modernizing at a ferocious clip. China Mobile, the world's biggest mobile-phone company, adds more than 7 million new subscribers to its network every month. Companies like India's Tata and China's Lenovo - to say nothing of the sovereign wealth funds of Asia and the Gulf - routinely snap up icons of Western industry and commerce...
...director of sovereign ratings at Standard & Poor's in Singapore, says that it was almost inevitable that Asian governments would have to intervene more directly to stabilize financial markets. That's because massive rescue packages engineered in the U.S. and Europe to support their financial institutions threatened to put Asian lenders at a disadvantage in global markets. "It becomes peer pressure," Tan says. "The more people do it, the more you have to do it. Otherwise, you feel confidence may be lost...