Word: turmoils
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Dates: during 1990-1999
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...Indonesia the cure or the cause of East Timor's turmoil? While the Indonesian government professes neutrality and vows that it will restore order in the territory, even its foreign minister has been forced to admit that what he called "rogue elements" of the Indonesian army are directly involved in the violence. The anti-independence militias are widely believed to have been organized, armed and in some cases even directed by members of the Indonesian military, and Indonesian troops have done nothing to restrain the militias' rampage...
...accord on her taking the presidency unless she gives some guarantee of immunity to the masters of the old order. So, Megawati?s public insistence on being given the presidency either reflects an emerging consensus for stability -? or the opening salvo of another season of political turmoil...
...bother voting next time around. The country supposedly ended 34 years of dictatorship by going to the polls in early June to elect a new president. But the results were only announced last week, more than a month late ? and then, on Monday, the process was thrown into turmoil when the country?s Electoral Commission, two thirds of which must endorse the result to make it stand, nixed the poll. Although the five major parties all gave the thumbs-up, a plethora of smaller parties represented on the commission cried fraud...
What's behind this off-off-Broadway revival? Emerging-markets stocks were driven absurdly low by the global selling panic that climaxed last fall. Since then, there's been a growing sense that the turmoil has ended. For the first time in nearly a year, U.S. investors are buying more shares of emerging-markets stock funds than they are selling. But if you're part of that wave and are simply chasing funds with momentum, look out. Trouble lurks. The mo may shift soon. If you're building a permanent long-term emerging-markets position, though, now is a fair...
That's the dicey part. Economic turmoil could resurface for any number of reasons. Rising interest rates in the U.S. could slow American demand for goods produced in emerging nations, stifling the recovery. And Asia could collapse again on its own, perhaps misreading this year's higher stock prices as a sign of economic health when the buoyant markets really are just the result of bargain hunting by a lot of speculators. Already there is evidence that Thailand, the first Asian domino to fall two years ago, is ready to declare victory and backpedal on key promised banking and other...