Word: turmoils
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Despite the pain of recent economic turmoil, German voters resoundingly reiterated their faith in the free market during the country's Sept. 27 national elections. A victory by Chancellor Angela Merkel's conservative Christian Democratic Union puts the party on track to form a new center-right coalition with the smaller Free Democratic Party, whose leader, Guido Westerwelle, is likely to be tapped as Vice Chancellor. Merkel's previous coalition partner, the left-leaning Social Democratic Party, suffered its worst election loss since World War II. Merkel and Westerwelle are expected to cut taxes, promote business and strengthen Germany...
...China's past 60 years can be divided into roughly two halves. First came the period of ceaseless revolution, with all the widespread turmoil and suffering it perpetrated. Then the time of gradual reform, which has brought greater prosperity and freedom than China has ever known but which is still characterized by grave corruption and terrible injustice under a stern authoritarianism. Today China is many things, often contradictory: rich and poor, open and closed, liberated and oppressed, confident and insecure. But it decidedly isn't Marxist - or even Maoist. (See pictures of modern Shanghai...
...overall excuse that Mavity hears from companies that have yet to draft their emergency plans tends to be lack of time. But other issues have added to the turmoil...
...financial meltdown has claimed the careers of many banking-industry stars. But no executive has had as big a roller-coaster ride during this crisis as Lewis. At its start, Lewis and Bank of America looked to benefit from the turmoil facing the banking business. The firm, based in Charlotte, N.C., had never been a big player in the subprime-mortgage business, in either lending or underwriting loans. That prudence led to smaller lending losses at B of A than at Citigroup and other rivals. What's more, while other financial firms were verging on broke, Bank of America seemed...
...country has not been immune from the turmoil of extremist violence. As recently as July, bombers attacked two luxury hotels in Jakarta, killing at least nine and injuring over...