Word: turmoil
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...rough-and-tumble of emerging market politics can pose risks for firms like Telenor. Thailand, Pakistan and Bangladesh have all experienced political turmoil in recent years, but that has posed less trouble than unexpected tax increases. Operators were forced to subsidize a 2005 levy imposed on the sale of SIM cards in Bangladesh, for instance. And in Grameenphone's case, work with its local partner hasn't always been straightforward for Telenor. The Norwegian firm owns 62% of Grameenphone, with Grameen Telecom - part of the bank founded by Bangladeshi Nobel Peace Prize winner Muhammad Yunus - owning the rest. Yunus claims...
Your nest egg doesn't have to suffer a similar fate. Any time turmoil strikes the market and your notional allies--in this case, banks and bond-rating agencies and bond insurers that are supposed to backstop you--fail in their duty and leave you, well, dogless, it's a good time to take a good look at what you own. In this sense, says Guy Cumbie, a financial planner in Fort Worth, Texas, "anything that stress-tests your portfolio and gets you to pay attention to the level of risk you are taking is a good thing...
...circle around a large sign that declared, “China may kill our people but not our spirit.” Dhondup Phunkhang, one of the organizers of the daily vigils, said their purpose is not to attack the Chinese, but to draw attention to the turmoil in the region and clarify the demands of Tibetan protestors. “Emotions run high on both sides, especially among our youth,” Phunkhang said. “But we as a community want to encourage a dialogue. We want everyone to know there is no need to feel...
...Despite the best of intentions of a relatively honest government supported by a U.N. peacekeeping force, it's uncertain whether Preval can overcome his country's troubled legacy. And the turmoil in the world economy has diminished his chances of success. "We're back to square one," says a Haitian merchant in Port-au-Prince. So far, the police and peacekeepers have been instructed not to retaliate against the protesters, who in addition to burning buildings have also looted numerous retail stores. Patrick Gardere, whose showroom was ransacked Monday, fears that store owners may then take things into their...
...torchbearer Jin Jing, who uses a wheelchair, has emerged as a hero in the domestic press. Shanghai-based paper Oriental Morning Post wrote that when the "splittists made a move towards the torch, Jin Jing turned away and protected the torch with her body, while looking proud through the turmoil...