Word: tensely
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One fundamental flaw in the argument of those who believe the euro pushed up inflation significantly is that there's almost no supporting evidence. Italy provides a good example because, in 1993, it experienced a sharp deterioration in household income following a massive lira devaluation. Tens of thousands of people...
What's really worrisome is that Beijing's impotence in this area reflects a similar inability to enforce its will on wayward local authorities in a whole range of crucial areas. If the central government can't stop the sale of Gucci knock-off handbags around the corner from its...
Alaa's escape is hardly rare. As Iraq's bloodletting crystallizes into a civil war, the stampede of Iraqis fleeing their homes has accelerated so fast that U.N. officials now rank it as the region's biggest exodus in nearly 60 years. Since the war began nearly four years ago...
O.K., but what about Sarbanes-Oxley, the 2002 law enacted to prevent Enron-style scandals? Among other burdens, it requires financial statements so squeaky clean that a company's chief executive and financial officers can vouch for their accuracy. Corporate executives estimate that the law has cost U.S. companies tens...
The young woman waiting to greet Nien Cheng outside the prison was not Meiping, as she still kept hoping, but her goddaughter Hean, the daughter of an old friend. Hean took Cheng to a small house where the released prisoner had been assigned two rooms on the second floor. But...