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...diplomatic tensions over the Georgian invasion? Not at all. Not at all on this side. But I agree with you it's been fascinating to be here during this period politically. For example, you know what Americans always describe, universally, as the Georgian invasion, is not a term that would ever be used over here. I know that I personally do not truly understand the issues involved in this very complicated international situation. However, I don?t think anyone in the United States really understands this issue very well either. And when I say anyone I mean everyone from...
...danger of falling behind? There's no question that other countries are really pushing forward, fairly significantly in some cases, right at the time when the U.S. is having what I would describe as a hiccup in its continuity. But I don't think that in the short term we're in any risk of falling behind. If you look at the level of sophistication of U.S. technology involved in space I think it is still really outstanding. However, what is true is that there is a short-term problem looming, associated with what I'll call, broadly, access...
...expecting much more upheaval. Vladimir Savov, an analyst for Credit Suisse in Moscow, sees the recent turmoil as the beginning of a broad consolidation of Russia's highly-leveraged banking sector. "We want to hope that this will improve the resilience of Russia's financial markets in the long term," he says, "although in the near term the process could be painful." Renaissance says it had been in talks for some time and didn't act out of distress. But its move came a few days after the first financial institution fell victim to the crisis, a boutique investment bank...
...decision on Thursday to use our exchange stabilization fund here to guarantee money market funds because money was starting to flee those funds, and if it fled those funds it was going to get to the financing of American businesses who rely on them for $1.7 trillion in short-term borrowings...
...lead his party. "The biggest mission given to me is to resolve this, and I plan to do my utmost." If he succeeds, Japan has a shot at some stable leadership that could reinvigorate a tired electorate. If he fails, Aso might set a record for the shortest term in office by a postwar Japanese prime minister...