Word: thailanders
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...both Geithner and Wang Qishan well understand, there are other compelling reasons for the RMB to rise. A revaluation will help China rebalance its economy by increasing the attractiveness of imports from everywhere; both developing nations like Vietnam and Thailand, whose own industrial development has been stunted by an undervalued RMB, to traditional manufacturing powers like Japan and South Korea will all likely benefit. That fact might not win votes in rust belt America - and the U.S. Congress may be only temporarily appeased - but it is a fact: The global economy desperately needs China to pull more weight...
After antigovernment protesters invaded the country's parliament and stripped military police of their weapons, Thailand's Prime Minister Abhisit Vejjajiva declared a state of emergency in Bangkok and surrounding provinces on Wednesday, April 7. By invoking emergency rule, however, Abhisit has staked his premiership and his political future on cooperation from what may be the most powerful and unpredictable player in Thailand's politics - the military...
...shirt protestors used gallons of their own blood to inscribe 70 meters of canvas in a gruesome display of protest art. One oft-repeated message: "The land is burning," a reference to the swidden fires up-country but also a clear warning to the urban élite. (Read "Thailand Braces For Anti-Government Protest...
...Still, as much class resentment as the reds have harnessed, it's not clear how Thailand will move forward from a seemingly never-ending cycle of red and yellow protest. "It's a deadlocked situation," says Sompop Manarungsan, another Chulalongkorn economist. Plenty of Thais are fed up with both political factions and just want a government that isn't constantly stuck in crisis mode. Abhisit has offered dialogue with the red shirts' leaders, but no amount of talking over the past four years has resulted in any political conciliation. Equally distressing for Thais, King Bhumibol Adulyadej, often considered an arbiter...
...About the only commonality between Thailand's two factions is a shared taste for political voodoo. In mid-March, thousands of red shirts lined up to donate their blood, which was then splashed by the bucketful at the Prime Minister's office and private residence. Brahmin priests attended the bloodletting, casting hexes on the government amid swirls of incense. Such black magic, which dates back to Thailand's pre-Buddhist past, might seem like the domain of superstitious peasants. But last year, yellow-shirt leader and media mogul Sondhi Limthongkul placed sanitary napkins soaked with menstrual blood around a Bangkok...