Word: turmoils
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...less incentive to run big trade surpluses with the U.S. This line of thought goes back to English economist John Maynard Keynes - the source of seemingly every important economic idea of this crisis-racked time - who first proposed what he called "supernational bank money" in 1930. During the economic turmoil of his day, he kept refining the idea and proposing odd names for the currency - first "grammor" and then "bancor." (He rejected a colleague's suggestion...
...Bangkok Protests, Again After just a few months of relative calm following an extended period of political turmoil, as many as 100,000 protested on April 8 to demand that Prime Minister Abhisit Vejjajiva step down. Supporters of exiled former PM Thaksin Shinawatra rallied outside the home of the privy councilor to Thailand's revered monarch. Thaksin blames the adviser for organizing the 2006 coup that ousted...
Zardari's U.S.-backed government is continuing to struggle. The recent political turmoil has settled but has left the already unpopular President in a weaker position, making it even more difficult for him to influence the army and a skeptical public. "The ISI is run by the army and will do what [Army chief] General [Ashfaq] Kayani wants," says Sethi...
...investors' money for a decade and rake in 2% annual fees even when their investments tank. When they borrow money to buy a company, the debt gets stuck on the company's books, not theirs. As a result, most have been able to effectively hold their breath through the turmoil...
...Fund is the biggest beneficiary of the first set of measures. Its $250 billion reserves will be tripled to enable it to better help stricken countries in the developing world - as well as others, like Mexico, who are nervous that their economy could be swept up in the global turmoil through no fault of their own. The leaders also agreed to provide an additional $250 billion in guarantees for export credits and other trade finance, which have dried up in the past few months and led to a drastic drop in global commerce. The size of these packages, plus agreement...